TRON Self Reported Market Capitalization Tops $21.94 Billion (TRX)

TRON (TRX) traded down 2.1% against the dollar during the one day period ending at 10:00 AM Eastern on January 25th. One TRON coin can now be purchased for about $0.25 or 0.00000244 BTC on major exchanges. During the last seven days, TRON has traded 4.6% higher against the dollar. TRON has a total market cap of $21.94 billion and $584.07 million worth of TRON was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded 2.7% lower against the dollar and now trades at $1.16 or 0.00001112 BTC.
• Terra Classic (LUNC) traded down 2.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.7% lower against the dollar and now trades at $0.38 or 0.00000364 BTC.
• Terra (LUNA) traded 3.5% lower against the dollar and now trades at $0.34 or 0.00000326 BTC.
• GXChain (GXC) traded down 0.2% against the dollar and now trades at $0.33 or 0.00000314 BTC.
• Adshares (ADS) traded 0.4% lower against the dollar and now trades at $0.63 or 0.00000603 BTC.
• BitShares (BTS) traded 0.8% lower against the dollar and now trades at $0.0011 or 0.00000001 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,134,792,980 coins and its circulating supply is 86,134,769,972 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. The official website for TRON is trondao.org. TRON’s official message board 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 currently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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