TRON Price Tops $0.24 on Major Exchanges (TRX)

TRON (TRX) traded 1.7% lower against the dollar during the twenty-four hour period ending at 10:00 AM ET on January 21st. One TRON coin can now be purchased for approximately $0.24 or 0.00000233 BTC on exchanges. Over the last week, TRON has traded 7.3% higher against the dollar. TRON has a total market capitalization of $20.72 billion and $1.34 billion worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded down 5.3% against the dollar and now trades at $1.20 or 0.00001163 BTC.
• Terra Classic (LUNC) traded 0.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.3% against the dollar and now trades at $0.38 or 0.00000371 BTC.
• Terra (LUNA) traded 2.2% lower against the dollar and now trades at $0.35 or 0.00000340 BTC.
• GXChain (GXC) traded down 0.5% against the dollar and now trades at $0.34 or 0.00000332 BTC.
• Adshares (ADS) traded down 2.8% against the dollar and now trades at $0.62 or 0.00000596 BTC.
• BitShares (BTS) traded 4.4% lower against the dollar and now trades at $0.0011 or 0.00000001 BTC.

TRON Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,144,241,846 coins and its circulating supply is 86,144,184,064 coins. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed 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 possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView