TRON (TRX) Price Down 4% Over Last Week

TRON (TRX) traded 3.9% lower against the US dollar during the one day period ending at 11:00 AM E.T. on March 10th. During the last week, TRON has traded down 4% against the US dollar. One TRON coin can currently be purchased for about $0.23 or 0.00000290 BTC on popular exchanges. TRON has a market cap of $22.05 billion and approximately $852.97 million worth of TRON was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded down 3.5% against the dollar and now trades at $0.69 or 0.00000860 BTC.
• Terra Classic (LUNC) traded 1.8% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 3.4% against the dollar and now trades at $0.22 or 0.00000281 BTC.
• Terra (LUNA) traded down 4.8% against the dollar and now trades at $0.18 or 0.00000228 BTC.
• GXChain (GXC) traded 1.4% lower against the dollar and now trades at $0.30 or 0.00000378 BTC.
• Adshares (ADS) traded 3.7% lower against the dollar and now trades at $0.52 or 0.00000651 BTC.
• BitShares (BTS) traded down 5.5% against the dollar and now trades at $0.0010 or 0.00000001 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 95,041,926,757 coins and its circulating supply is 95,041,842,445 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. The official message board for TRON is medium.com/@tronfoundation. TRON’s official Twitter account is @trondao and its Facebook page is accessible 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.”

TRON Coin Trading

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

TRX/USD price chart by TradingView