TRON Tops One Day Trading Volume of $314.14 Million (TRX)

TRON (TRX) traded up 1.4% against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on October 7th. One TRON coin can currently be purchased for about $0.16 or 0.00000249 BTC on popular cryptocurrency exchanges. TRON has a total market cap of $11.18 billion and $314.14 million worth of TRON was traded on exchanges in the last 24 hours. In the last week, TRON has traded down 0.1% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded down 2.1% against the dollar and now trades at $0.67 or 0.00001063 BTC.
• Terra Classic (LUNC) traded 1.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.7% against the dollar and now trades at $0.38 or 0.00000602 BTC.
• Terra (LUNA) traded 1.9% lower against the dollar and now trades at $0.38 or 0.00000606 BTC.
• GXChain (GXC) traded up 5.4% against the dollar and now trades at $0.37 or 0.00000583 BTC.
• Adshares (ADS) traded down 2.1% against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded 0.1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About TRON

TRX uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,577,057,741 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 website for TRON is trondao.org. The official message board for TRON is medium.com/@tronfoundation.

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 buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. 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