TRON Self Reported Market Capitalization Achieves $8.54 Billion (TRX)

TRON (TRX) traded down 1.6% against the US dollar during the twenty-four hour period ending at 20:00 PM ET on April 29th. TRON has a total market capitalization of $8.54 billion and approximately $327.00 million worth of TRON was traded on exchanges in the last 24 hours. During the last seven days, TRON has traded 6% higher against the US dollar. One TRON coin can currently be purchased for $0.12 or 0.00000186 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 1.4% lower against the dollar and now trades at $0.99 or 0.00001534 BTC.
• Terra Classic (LUNC) traded 0.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 5.3% against the dollar and now trades at $0.65 or 0.00001008 BTC.
• Terra (LUNA) traded 1.3% lower against the dollar and now trades at $0.60 or 0.00000929 BTC.
• GXChain (GXC) traded 6.3% higher against the dollar and now trades at $0.42 or 0.00000661 BTC.
• Adshares (ADS) traded 2.6% lower against the dollar and now trades at $0.41 or 0.00000644 BTC.
• BitShares (BTS) traded 3% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About TRON

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,550,239,642 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. TRON’s official website is trondao.org. TRON’s official message board is medium.com/@tronfoundation.

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 GDAX, Changelly 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