TRON Trading Down 7.2% This Week (TRX)

TRON (TRX) traded up 1.7% against the U.S. dollar during the 24-hour period ending at 17:00 PM E.T. on August 6th. One TRON coin can now be purchased for $0.12 or 0.00000218 BTC on popular cryptocurrency exchanges. TRON has a market cap of $8.84 billion and approximately $409.12 million worth of TRON was traded on exchanges in the last day. In the last seven days, TRON has traded down 7.2% against the U.S. dollar.

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

• Tezos (XTZ) traded up 5.5% against the dollar and now trades at $0.65 or 0.00001142 BTC.
• Terra Classic (LUNC) traded up 6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 8.8% higher against the dollar and now trades at $0.35 or 0.00000623 BTC.
• Terra (LUNA) traded up 9.8% against the dollar and now trades at $0.31 or 0.00000553 BTC.
• GXChain (GXC) traded 1.6% higher against the dollar and now trades at $0.36 or 0.00000631 BTC.
• Adshares (ADS) traded up 2.3% against the dollar and now trades at $0.23 or 0.00000400 BTC.
• BitShares (BTS) traded up 1% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 87,005,646,062 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is trondao.org. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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.”

Buying and Selling TRON

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

TRX/USD price chart by TradingView