TRON 24-Hour Trading Volume Reaches $364.70 Million (TRX)

TRON (TRX) traded 0.1% lower against the US dollar during the 24-hour period ending at 23:00 PM ET on November 1st. TRON has a total market cap of $12.00 billion and $364.70 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be purchased for $0.17 or 0.00000240 BTC on major exchanges. During the last week, TRON has traded up 2.6% against the US dollar.

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

• Tezos (XTZ) traded up 1.2% against the dollar and now trades at $0.63 or 0.00000909 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.4% against the dollar and now trades at $0.35 or 0.00000503 BTC.
• Terra (LUNA) traded 0.6% higher against the dollar and now trades at $0.34 or 0.00000484 BTC.
• GXChain (GXC) traded down 0.1% against the dollar and now trades at $0.35 or 0.00000512 BTC.
• Adshares (ADS) traded up 0.8% against the dollar and now trades at $0.22 or 0.00000312 BTC.
• BitShares (BTS) traded 1.9% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,456,522,787 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 website for TRON is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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 US dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. 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