TRON (TRX) Trading 6% Higher This Week

TRON (TRX) traded 1.7% higher against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on October 12th. During the last week, TRON has traded 6% higher against the U.S. dollar. One TRON coin can now be purchased for approximately $0.16 or 0.00000259 BTC on major exchanges. TRON has a market capitalization of $11.64 billion and approximately $309.72 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded up 0.4% against the dollar and now trades at $0.69 or 0.00001100 BTC.
• Terra Classic (LUNC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.2% higher against the dollar and now trades at $0.38 or 0.00000603 BTC.
• Terra (LUNA) traded 0% lower against the dollar and now trades at $0.36 or 0.00000575 BTC.
• GXChain (GXC) traded 0.2% lower against the dollar and now trades at $0.33 or 0.00000528 BTC.
• Adshares (ADS) traded down 1.2% against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded 1.3% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About TRON

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,552,773,569 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. 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 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.”

Buying and Selling TRON

It is usually not presently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView