TRON (TRX) Price Tops $0.12 on Major Exchanges

TRON (TRX) traded down 1.2% against the US dollar during the 24 hour period ending at 21:00 PM E.T. on August 4th. TRON has a total market capitalization of $8.85 billion and $479.27 million worth of TRON was traded on exchanges in the last 24 hours. Over the last seven days, TRON has traded down 11.2% against the US dollar. One TRON coin can currently be bought for $0.12 or 0.00000227 BTC on popular cryptocurrency exchanges.

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

• Tezos (XTZ) traded down 11.3% against the dollar and now trades at $0.61 or 0.00001121 BTC.
• Terra Classic (LUNC) traded 16.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 18% against the dollar and now trades at $0.33 or 0.00000615 BTC.
• Terra (LUNA) traded 17% lower against the dollar and now trades at $0.28 or 0.00000506 BTC.
• GXChain (GXC) traded 1.3% lower against the dollar and now trades at $0.37 or 0.00000686 BTC.
• Adshares (ADS) traded down 11.6% against the dollar and now trades at $0.22 or 0.00000395 BTC.
• BitShares (BTS) traded 0.3% lower against the dollar and now trades at $0.0020 or 0.00000004 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,021,815,085 coins and its circulating supply is 71,659,659,264 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official message board for TRON is medium.com/@tronfoundation. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official website is trondao.org.

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 currently possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView