TRON 24 Hour Trading Volume Reaches $356.05 Million (TRX)

TRON (TRX) traded up 2.4% against the dollar during the one day period ending at 16:00 PM Eastern on May 2nd. Over the last seven days, TRON has traded 4.6% higher against the dollar. TRON has a market cap of $8.79 billion and approximately $356.05 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be purchased for $0.12 or 0.00000208 BTC on popular cryptocurrency exchanges.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 3.8% higher against the dollar and now trades at $0.94 or 0.00001585 BTC.
• Terra Classic (LUNC) traded up 5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 5% higher against the dollar and now trades at $0.58 or 0.00000979 BTC.
• aelf (ELF) traded 6.8% higher against the dollar and now trades at $0.55 or 0.00000928 BTC.
• GXChain (GXC) traded up 6% against the dollar and now trades at $0.39 or 0.00000664 BTC.
• Adshares (ADS) traded up 1.1% against the dollar and now trades at $0.40 or 0.00000669 BTC.
• BitShares (BTS) traded 2.8% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 87,531,920,747 coins and its circulating supply is 71,659,659,264 coins. 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. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official website 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 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView