TRON Price Down 8.9% Over Last Week (TRX)

TRON (TRX) traded 1% higher against the dollar during the 24 hour period ending at 16:00 PM E.T. on August 3rd. TRON has a market cap of $8.96 billion and approximately $331.08 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can now be bought for about $0.13 or 0.00000207 BTC on major cryptocurrency exchanges. In the last week, TRON has traded down 8.9% against the dollar.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded down 3.5% against the dollar and now trades at $0.67 or 0.00001107 BTC.
• Terra Classic (LUNC) traded 5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 6.7% lower against the dollar and now trades at $0.41 or 0.00000670 BTC.
• Terra (LUNA) traded 7.2% lower against the dollar and now trades at $0.33 or 0.00000541 BTC.
• GXChain (GXC) traded down 0.2% against the dollar and now trades at $0.38 or 0.00000627 BTC.
• Adshares (ADS) traded down 4.5% against the dollar and now trades at $0.25 or 0.00000415 BTC.
• BitShares (BTS) traded down 1.2% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

TRON Profile

TRX uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,024,116,746 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. The official website for TRON is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official message board for TRON is medium.com/@tronfoundation.

According to CryptoCompare, “Tron (TRX) is a decentralized blockchain platform that offers high scalability and availability for decentralized applications (DApps). It has a native cryptocurrency, TRX, which was originally an ERC-20 token on the Ethereum blockchain. Tron aims to create a decentralized internet and its infrastructure, and supports smart contracts with a number of decentralized apps built on top of its network. Its decentralized finance (DeFi) ecosystem has billions in total value locked. The Tron network uses a delegated Proof-of-Stake (dPoS) algorithm, with TRX token holders delegating transaction validation to 27 “super representatives.” Tron was created by Justin Sun and launched in 2017, migrating to its own blockchain in 2018. TRX is used to pay for transaction fees on the Tron blockchain, can be staked for earnings, and is used in the Tron DeFi ecosystem for financial services.”

TRON Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView