TRON (TRX) Price Hits $0.12

TRON (TRX) traded down 0.2% against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on May 4th. Over the last week, TRON has traded 2.1% higher against the US dollar. One TRON coin can currently be purchased for about $0.12 or 0.00000193 BTC on major exchanges. TRON has a total market cap of $8.81 billion and approximately $254.11 million worth of TRON was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 1.5% higher against the dollar and now trades at $0.97 or 0.00001527 BTC.
• Terra Classic (LUNC) traded 3.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 2.7% against the dollar and now trades at $0.60 or 0.00000949 BTC.
• aelf (ELF) traded 3.3% higher against the dollar and now trades at $0.56 or 0.00000886 BTC.
• GXChain (GXC) traded 7.3% higher against the dollar and now trades at $0.42 or 0.00000666 BTC.
• Adshares (ADS) traded 2.3% higher against the dollar and now trades at $0.41 or 0.00000640 BTC.
• BitShares (BTS) traded up 1.5% against the dollar and now trades at $0.0033 or 0.00000005 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,524,096,991 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. The official message board for TRON is medium.com/@tronfoundation. TRON’s official website is trondao.org. 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 possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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