TRON Price Reaches $0.23 on Major Exchanges (TRX)

TRON (TRX) traded 1.3% higher against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on March 2nd. In the last week, TRON has traded 3.2% lower against the U.S. dollar. One TRON coin can now be bought for about $0.23 or 0.00000276 BTC on major cryptocurrency exchanges. TRON has a total market cap of $20.20 billion and approximately $356.77 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded 1.5% higher against the dollar and now trades at $0.75 or 0.00000884 BTC.
• Terra Classic (LUNC) traded 1.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.2% lower against the dollar and now trades at $0.26 or 0.00000308 BTC.
• Terra (LUNA) traded 0.6% higher against the dollar and now trades at $0.22 or 0.00000261 BTC.
• Adshares (ADS) traded 2.1% lower against the dollar and now trades at $0.54 or 0.00000636 BTC.
• GXChain (GXC) traded 4.1% higher against the dollar and now trades at $0.25 or 0.00000289 BTC.
• BitShares (BTS) traded 1% lower against the dollar and now trades at $0.0011 or 0.00000001 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,065,388,436 coins and its circulating supply is 86,065,383,463 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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 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 currently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView