TRON Price Down 0.9% Over Last Week (TRX)

TRON (TRX) traded 2.1% lower against the U.S. dollar during the 1 day period ending at 21:00 PM ET on May 6th. TRON has a market cap of $8.51 billion and $300.44 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be purchased for approximately $0.12 or 0.00000187 BTC on major cryptocurrency exchanges. During the last week, TRON has traded down 0.9% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 3% lower against the dollar and now trades at $0.94 or 0.00001479 BTC.
• Terra Classic (LUNC) traded down 9.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 7.1% lower against the dollar and now trades at $0.61 or 0.00000954 BTC.
• aelf (ELF) traded down 2.2% against the dollar and now trades at $0.55 or 0.00000865 BTC.
• GXChain (GXC) traded down 5.8% against the dollar and now trades at $0.42 or 0.00000657 BTC.
• Adshares (ADS) traded up 1.7% against the dollar and now trades at $0.42 or 0.00000659 BTC.
• BitShares (BTS) traded up 0% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 87,513,448,645 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 website is trondao.org. The official message board for TRON is medium.com/@tronfoundation. 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.”

Buying and Selling TRON

It is usually not currently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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