TRON (TRX) Hits 24-Hour Volume of $77.64 Million

TRON (TRX) traded up 3.2% against the US dollar during the 24 hour period ending at 10:00 AM Eastern on May 9th. One TRON coin can now be bought for approximately $0.13 or 0.00000206 BTC on cryptocurrency exchanges. TRON has a market capitalization of $9.01 billion and approximately $77.64 million worth of TRON was traded on exchanges in the last day. During the last seven days, TRON has traded 2.3% higher against the US dollar.

Here’s how other 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 2.8% lower against the dollar and now trades at $0.91 or 0.00001495 BTC.
• Terra Classic (LUNC) traded down 2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 4% against the dollar and now trades at $0.61 or 0.00000997 BTC.
• aelf (ELF) traded down 2.6% against the dollar and now trades at $0.53 or 0.00000870 BTC.
• GXChain (GXC) traded down 2% against the dollar and now trades at $0.40 or 0.00000650 BTC.
• Adshares (ADS) traded 0.2% lower against the dollar and now trades at $0.41 or 0.00000664 BTC.
• BitShares (BTS) traded up 1.3% against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About TRON

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,498,720,678 coins and its circulating supply is 71,659,659,264 coins. The official message board for TRON is medium.com/@tronfoundation. 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. 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView