TRON Price Tops $0.12 on Major Exchanges (TRX)

TRON (TRX) traded up 0.4% against the US dollar during the 24 hour period ending at 23:00 PM ET on April 28th. TRON has a market capitalization of $8.66 billion and $248.65 million worth of TRON was traded on exchanges in the last day. During the last week, TRON has traded up 9.2% against the US dollar. One TRON coin can currently be purchased for approximately $0.12 or 0.00000193 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded down 1.8% against the dollar and now trades at $1.00 or 0.00001595 BTC.
• Terra Classic (LUNC) traded down 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.5% lower against the dollar and now trades at $0.61 or 0.00000975 BTC.
• Terra (LUNA) traded 4.5% lower against the dollar and now trades at $0.60 or 0.00000956 BTC.
• GXChain (GXC) traded 0% higher against the dollar and now trades at $0.40 or 0.00000633 BTC.
• Adshares (ADS) traded 2.8% higher against the dollar and now trades at $0.43 or 0.00000678 BTC.
• BitShares (BTS) traded 3.6% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.

About TRON

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,556,141,356 coins and its circulating supply is 71,659,659,264 coins. 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 message board for TRON is medium.com/@tronfoundation. 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 possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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