TRON Reaches Self Reported Market Capitalization of $22.62 Billion (TRX)

TRON (TRX) traded down 3.6% against the U.S. dollar during the 24-hour period ending at 10:00 AM ET on January 5th. In the last week, TRON has traded up 1.1% against the U.S. dollar. One TRON coin can currently be bought for approximately $0.26 or 0.00000268 BTC on major exchanges. TRON has a total market capitalization of $22.62 billion and approximately $748.62 million worth of TRON was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Tezos (XTZ) traded down 0.1% against the dollar and now trades at $1.44 or 0.00001469 BTC.
• Terra Classic (LUNC) traded 3.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.9% higher against the dollar and now trades at $0.49 or 0.00000506 BTC.
• Terra (LUNA) traded 2.9% lower against the dollar and now trades at $0.46 or 0.00000470 BTC.
• GXChain (GXC) traded down 0.8% against the dollar and now trades at $0.41 or 0.00000420 BTC.
• Adshares (ADS) traded 0.1% higher against the dollar and now trades at $0.73 or 0.00000747 BTC.
• BitShares (BTS) traded up 7% against the dollar and now trades at $0.0018 or 0.00000002 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,191,862,208 coins and its circulating supply is 86,191,846,771 coins. TRON’s official message board 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. TRON’s official Twitter account is @trondao and its Facebook page is accessible here.

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

TRX/USD price chart by TradingView