TRON (TRX) Hits Self Reported Market Cap of $11.47 Billion

TRON (TRX) traded up 2.6% against the U.S. dollar during the one day period ending at 20:00 PM E.T. on October 8th. TRON has a total market capitalization of $11.47 billion and approximately $375.48 million worth of TRON was traded on exchanges in the last day. In the last week, TRON has traded 4.3% higher against the U.S. dollar. One TRON coin can now be bought for approximately $0.16 or 0.00000258 BTC on major cryptocurrency exchanges.

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

• Tezos (XTZ) traded down 1.3% against the dollar and now trades at $0.66 or 0.00001055 BTC.
• Terra Classic (LUNC) traded 3.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.4% against the dollar and now trades at $0.37 or 0.00000602 BTC.
• Terra (LUNA) traded 4.1% lower against the dollar and now trades at $0.37 or 0.00000589 BTC.
• GXChain (GXC) traded 1.8% lower against the dollar and now trades at $0.33 or 0.00000539 BTC.
• Adshares (ADS) traded 2.8% higher against the dollar and now trades at $0.21 or 0.00000335 BTC.
• BitShares (BTS) traded down 1.3% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,571,036,538 coins and its circulating supply is 71,659,659,264 coins. The official message board for TRON is medium.com/@tronfoundation. 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. TRON’s official website 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.”

Buying and Selling TRON

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView