TRON (TRX) Price Reaches $0.16

TRON (TRX) traded 11.4% higher against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on August 20th. TRON has a total market capitalization of $11.40 billion and approximately $1.51 billion worth of TRON was traded on exchanges in the last day. One TRON coin can currently be purchased for about $0.16 or 0.00000269 BTC on popular exchanges. During the last week, TRON has traded up 23.5% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Tezos (XTZ) traded down 0.9% against the dollar and now trades at $0.66 or 0.00001123 BTC.
• Terra Classic (LUNC) traded up 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0% lower against the dollar and now trades at $0.39 or 0.00000657 BTC.
• Terra (LUNA) traded down 0.4% against the dollar and now trades at $0.33 or 0.00000553 BTC.
• GXChain (GXC) traded up 3.1% against the dollar and now trades at $0.38 or 0.00000652 BTC.
• Adshares (ADS) traded down 0.3% against the dollar and now trades at $0.23 or 0.00000388 BTC.
• BitShares (BTS) traded down 4.3% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

TRON Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,924,359,214 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 Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. The official message board for TRON is medium.com/@tronfoundation. The official website for TRON 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.”

Buying and Selling TRON

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

TRX/USD price chart by TradingView