TRON (TRX) Self Reported Market Cap Hits $10.84 Billion

TRON (TRX) traded up 2.3% against the US dollar during the 1 day period ending at 15:00 PM Eastern on September 7th. TRON has a total market capitalization of $10.84 billion and approximately $344.53 million worth of TRON was traded on exchanges in the last day. In the last week, TRON has traded down 4.2% against the US dollar. One TRON coin can now be bought for approximately $0.15 or 0.00000279 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Tezos (XTZ) traded 1.6% higher against the dollar and now trades at $0.61 or 0.00001118 BTC.
• Terra Classic (LUNC) traded 1.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.8% higher against the dollar and now trades at $0.35 or 0.00000641 BTC.
• Terra (LUNA) traded 2.2% higher against the dollar and now trades at $0.33 or 0.00000601 BTC.
• GXChain (GXC) traded down 6.4% against the dollar and now trades at $0.30 or 0.00000561 BTC.
• Adshares (ADS) traded 1.9% lower against the dollar and now trades at $0.21 or 0.00000379 BTC.
• BitShares (BTS) traded down 2.4% against the dollar and now trades at $0.0016 or 0.00000003 BTC.

TRON Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,730,437,334 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. 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 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.”

TRON Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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