TRON Achieves Self Reported Market Cap of $21.37 Billion (TRX)

TRON (TRX) traded up 3.7% against the US dollar during the 24-hour period ending at 11:00 AM ET on January 17th. TRON has a total market cap of $21.37 billion and approximately $761.11 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be purchased for $0.25 or 0.00000237 BTC on exchanges. In the last week, TRON has traded 3.4% higher against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded 2.3% higher against the dollar and now trades at $1.41 or 0.00001348 BTC.
• Terra Classic (LUNC) traded 2.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.1% against the dollar and now trades at $0.46 or 0.00000437 BTC.
• Terra (LUNA) traded 3.2% higher against the dollar and now trades at $0.43 or 0.00000415 BTC.
• GXChain (GXC) traded 0.8% higher against the dollar and now trades at $0.35 or 0.00000332 BTC.
• Adshares (ADS) traded down 1.3% against the dollar and now trades at $0.66 or 0.00000635 BTC.
• BitShares (BTS) traded 16.8% higher against the dollar and now trades at $0.0013 or 0.00000001 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,158,074,470 coins and its circulating supply is 86,158,064,095 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official message board for TRON 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. 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 currently possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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