TRON (TRX) Self Reported Market Capitalization Achieves $11.92 Billion

TRON (TRX) traded up 1.7% against the dollar during the 1 day period ending at 9:00 AM Eastern on October 25th. One TRON coin can currently be purchased for approximately $0.17 or 0.00000244 BTC on exchanges. TRON has a market capitalization of $11.92 billion and approximately $369.35 million worth of TRON was traded on exchanges in the last day. In the last week, TRON has traded 4.7% higher against the dollar.

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

• Tezos (XTZ) traded down 0.3% against the dollar and now trades at $0.67 or 0.00000980 BTC.
• Terra Classic (LUNC) traded 2.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.6% against the dollar and now trades at $0.36 or 0.00000531 BTC.
• Terra (LUNA) traded up 0.1% against the dollar and now trades at $0.36 or 0.00000532 BTC.
• GXChain (GXC) traded 3.4% lower against the dollar and now trades at $0.35 or 0.00000510 BTC.
• Adshares (ADS) traded up 0.6% against the dollar and now trades at $0.22 or 0.00000328 BTC.
• BitShares (BTS) traded 0% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,491,854,442 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. The official website for TRON 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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