TRON Tops 24 Hour Trading Volume of $505.87 Million (TRX)

TRON (TRX) traded down 0.7% against the US dollar during the 1-day period ending at 9:00 AM Eastern on January 12th. In the last week, TRON has traded up 1.9% against the US dollar. One TRON coin can now be bought for approximately $0.30 or 0.00000329 BTC on major exchanges. TRON has a market cap of $28.15 billion and $505.87 million worth of TRON was traded on exchanges in the last 24 hours.

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

• Tezos (XTZ) traded down 3.8% against the dollar and now trades at $0.56 or 0.00000617 BTC.
• Terra Classic (LUNC) traded down 3.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded down 8.1% against the dollar and now trades at $0.10 or 0.00000114 BTC.
• Terra (LUNA) traded 3.7% lower against the dollar and now trades at $0.0873 or 0.00000097 BTC.
• GXChain (GXC) traded down 2.2% against the dollar and now trades at $0.52 or 0.00000578 BTC.
• Adshares (ADS) traded down 0.8% against the dollar and now trades at $0.73 or 0.00000803 BTC.
• BitShares (BTS) traded down 3.1% against the dollar and now trades at $0.0012 or 0.00000001 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. It was first traded on May 31st, 2018. TRON’s total supply is 94,704,460,859 coins and its circulating supply is 94,667,886,298 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. 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 buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView