TRON (TRX) Self Reported Market Cap Reaches $8.53 Billion

TRON (TRX) traded 1.9% lower against the US dollar during the twenty-four hour period ending at 13:00 PM E.T. on May 6th. One TRON coin can now be bought for about $0.12 or 0.00000188 BTC on popular exchanges. During the last week, TRON has traded up 0.4% against the US dollar. TRON has a total market capitalization of $8.53 billion and $292.03 million worth of TRON was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded down 3.3% against the dollar and now trades at $0.95 or 0.00001495 BTC.
• Terra Classic (LUNC) traded 0.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 1.3% higher against the dollar and now trades at $0.61 or 0.00000966 BTC.
• aelf (ELF) traded 2.1% lower against the dollar and now trades at $0.55 or 0.00000870 BTC.
• GXChain (GXC) traded down 2.3% against the dollar and now trades at $0.42 or 0.00000661 BTC.
• Adshares (ADS) traded 0.7% lower against the dollar and now trades at $0.41 or 0.00000643 BTC.
• BitShares (BTS) traded down 0.4% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About TRON

TRX uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 87,514,658,822 coins and its circulating supply is 71,659,659,264 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 official website for TRON is trondao.org. 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 presently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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