TRON Price Hits $0.16 on Exchanges (TRX)

TRON (TRX) traded 0.4% higher against the US dollar during the 1 day period ending at 10:00 AM Eastern on October 17th. In the last week, TRON has traded up 0.2% against the US dollar. One TRON coin can now be bought for about $0.16 or 0.00000238 BTC on cryptocurrency exchanges. TRON has a market cap of $11.45 billion and approximately $273.64 million worth of TRON was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded 1% lower against the dollar and now trades at $0.68 or 0.00001016 BTC.
• Terra Classic (LUNC) traded down 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.1% lower against the dollar and now trades at $0.38 or 0.00000562 BTC.
• Terra (LUNA) traded down 0.5% against the dollar and now trades at $0.36 or 0.00000541 BTC.
• GXChain (GXC) traded up 14.5% against the dollar and now trades at $0.42 or 0.00000633 BTC.
• Adshares (ADS) traded down 0% against the dollar and now trades at $0.22 or 0.00000334 BTC.
• BitShares (BTS) traded down 1.7% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

About TRON

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,528,333,845 coins and its circulating supply is 71,659,659,264 coins. TRON’s official website is trondao.org. 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.

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 presently 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView