TRON Reaches 24-Hour Trading Volume of $231.22 Million (TRX)

TRON (TRX) traded 0.8% higher against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on July 2nd. One TRON coin can currently be purchased for about $0.13 or 0.00000208 BTC on cryptocurrency exchanges. TRON has a total market capitalization of $9.24 billion and $231.22 million worth of TRON was traded on exchanges in the last day. Over the last week, TRON has traded 5.7% higher against the U.S. dollar.

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

• Tezos (XTZ) traded 1.8% higher against the dollar and now trades at $0.80 or 0.00001288 BTC.
• Terra Classic (LUNC) traded 1.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 0.6% against the dollar and now trades at $0.43 or 0.00000684 BTC.
• aelf (ELF) traded down 0.7% against the dollar and now trades at $0.35 or 0.00000561 BTC.
• GXChain (GXC) traded down 6.6% against the dollar and now trades at $0.35 or 0.00000569 BTC.
• Adshares (ADS) traded down 2.2% against the dollar and now trades at $0.40 or 0.00000643 BTC.
• BitShares (BTS) traded down 1.4% against the dollar and now trades at $0.0023 or 0.00000004 BTC.

TRON Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,185,690,675 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 Twitter account is @trondao and its Facebook page is accessible here. TRON’s official website is trondao.org. The official message board for TRON is medium.com/@tronfoundation.

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 purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView