TRON (TRX) Hits One Day Trading Volume of $232.21 Million

TRON (TRX) traded down 0.2% against the US dollar during the 1-day period ending at 13:00 PM Eastern on November 20th. One TRON coin can currently be purchased for approximately $0.10 or 0.00000276 BTC on major cryptocurrency exchanges. In the last week, TRON has traded down 5.8% against the US dollar. TRON has a total market cap of $7.39 billion and $232.21 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:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 1.8% higher against the dollar and now trades at $0.86 or 0.00002303 BTC.
• Terra Classic (LUNC) traded up 0.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 10.6% higher against the dollar and now trades at $0.57 or 0.00001526 BTC.
• Terra (LUNA) traded down 0.7% against the dollar and now trades at $0.64 or 0.00001714 BTC.
• BitShares (BTS) traded 2.4% higher against the dollar and now trades at $0.0110 or 0.00000029 BTC.
• Adshares (ADS) traded up 3.1% against the dollar and now trades at $0.68 or 0.00001821 BTC.
• GXChain (GXC) traded 0.8% lower against the dollar and now trades at $0.31 or 0.00000830 BTC.

TRON Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 88,621,645,774 coins and its circulating supply is 71,659,659,264 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 @justinsuntron and its Facebook page is accessible here. The official website for TRON is tron.network.

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 currently possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView