TRON Reaches Self Reported Market Capitalization of $9.03 Billion (TRX)

TRON (TRX) traded 2.2% higher against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on May 9th. TRON has a market cap of $9.03 billion and approximately $382.80 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can now be bought for approximately $0.13 or 0.00000201 BTC on popular cryptocurrency exchanges. Over the last week, TRON has traded 2.8% higher against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded up 2.5% against the dollar and now trades at $0.95 or 0.00001508 BTC.
• Terra Classic (LUNC) traded 3.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 2.2% higher against the dollar and now trades at $0.63 or 0.00000996 BTC.
• aelf (ELF) traded up 1.6% against the dollar and now trades at $0.55 or 0.00000872 BTC.
• GXChain (GXC) traded down 0.6% against the dollar and now trades at $0.40 or 0.00000631 BTC.
• Adshares (ADS) traded 2.3% lower against the dollar and now trades at $0.40 or 0.00000638 BTC.
• BitShares (BTS) traded 1.7% higher against the dollar and now trades at $0.0031 or 0.00000005 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,496,377,017 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 website is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here.

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.”

TRON Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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