TRON (TRX) Reaches 24-Hour Volume of $325.83 Million

TRON (TRX) traded down 1.5% against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on November 4th. Over the last seven days, TRON has traded down 1.1% against the U.S. dollar. TRON has a market cap of $11.64 billion and approximately $325.83 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be bought for $0.16 or 0.00000239 BTC on exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Tezos (XTZ) traded down 0.4% against the dollar and now trades at $0.60 or 0.00000881 BTC.
• Terra Classic (LUNC) traded 0.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.4% lower against the dollar and now trades at $0.33 or 0.00000479 BTC.
• Terra (LUNA) traded 2.4% lower against the dollar and now trades at $0.30 or 0.00000446 BTC.
• GXChain (GXC) traded down 0.1% against the dollar and now trades at $0.35 or 0.00000519 BTC.
• Adshares (ADS) traded down 2.7% against the dollar and now trades at $0.22 or 0.00000327 BTC.
• BitShares (BTS) traded 0.8% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,446,245,004 coins and its circulating supply is 71,659,659,264 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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. The official website for TRON 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 possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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