TRON (TRX) Price Down 9.1% Over Last Week

TRON (TRX) traded 1.4% higher against the dollar during the 24-hour period ending at 10:00 AM E.T. on February 6th. TRON has a market cap of $19.63 billion and $741.36 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can now be purchased for $0.23 or 0.00000233 BTC on popular cryptocurrency exchanges. Over the last seven days, TRON has traded down 9.1% against the dollar.

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

• Tezos (XTZ) traded 6.7% lower against the dollar and now trades at $0.84 or 0.00000857 BTC.
• Terra Classic (LUNC) traded 3.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 3.3% against the dollar and now trades at $0.29 or 0.00000292 BTC.
• Terra (LUNA) traded up 2.8% against the dollar and now trades at $0.25 or 0.00000260 BTC.
• Adshares (ADS) traded 4.4% higher against the dollar and now trades at $0.57 or 0.00000580 BTC.
• GXChain (GXC) traded up 7.3% against the dollar and now trades at $0.28 or 0.00000283 BTC.
• BitShares (BTS) traded up 1% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

TRON Coin Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,112,613,891 coins and its circulating supply is 86,112,586,575 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official message board 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.”

TRON Coin Trading

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