TRON Price Hits $0.16 on Exchanges (TRX)

TRON (TRX) traded up 2.4% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on October 9th. One TRON coin can now be bought for about $0.16 or 0.00000258 BTC on popular exchanges. TRON has a market cap of $11.48 billion and approximately $369.31 million worth of TRON was traded on exchanges in the last day. During the last week, TRON has traded up 4% against the U.S. dollar.

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

• Tezos (XTZ) traded 1.1% lower against the dollar and now trades at $0.65 or 0.00001052 BTC.
• Terra Classic (LUNC) traded down 1.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.3% against the dollar and now trades at $0.38 or 0.00000605 BTC.
• Terra (LUNA) traded 2% lower against the dollar and now trades at $0.37 or 0.00000588 BTC.
• GXChain (GXC) traded down 2.6% against the dollar and now trades at $0.33 or 0.00000531 BTC.
• Adshares (ADS) traded 1.2% higher against the dollar and now trades at $0.21 or 0.00000335 BTC.
• BitShares (BTS) traded 2.6% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About TRON

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,569,223,259 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. 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.

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 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, GDAX 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