TRON Self Reported Market Cap Achieves $21.34 Billion (TRX)

TRON (TRX) traded 4% higher against the US dollar during the twenty-four hour period ending at 10:00 AM ET on March 18th. Over the last week, TRON has traded down 0.4% against the US dollar. TRON has a total market cap of $21.34 billion and approximately $717.13 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be purchased for $0.22 or 0.00000276 BTC on major cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Tezos (XTZ) traded down 1.1% against the dollar and now trades at $0.69 or 0.00000848 BTC.
• Terra Classic (LUNC) traded down 1.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 4.1% against the dollar and now trades at $0.24 or 0.00000290 BTC.
• Terra (LUNA) traded 4.5% lower against the dollar and now trades at $0.20 or 0.00000247 BTC.
• Adshares (ADS) traded 1.4% lower against the dollar and now trades at $0.54 or 0.00000659 BTC.
• GXChain (GXC) traded 0.9% lower against the dollar and now trades at $0.27 or 0.00000334 BTC.
• BitShares (BTS) traded 1.2% lower against the dollar and now trades at $0.0010 or 0.00000001 BTC.

TRON Profile

TRX uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 95,022,558,525 coins and its circulating supply is 95,022,469,606 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official website for TRON is trondao.org. The official message board for TRON 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.

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 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 Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView