TRON (TRX) Hits Self Reported Market Cap of $8.15 Billion

TRON (TRX) traded up 0.2% against the US dollar during the 24-hour period ending at 11:00 AM Eastern on May 26th. Over the last week, TRON has traded down 6% against the US dollar. TRON has a total market capitalization of $8.15 billion and approximately $207.28 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be purchased for approximately $0.11 or 0.00000164 BTC on major cryptocurrency exchanges.

Here is 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 down 3.2% against the dollar and now trades at $0.97 or 0.00001399 BTC.
• Terra Classic (LUNC) traded 1.8% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 0.7% against the dollar and now trades at $0.60 or 0.00000872 BTC.
• aelf (ELF) traded down 0.2% against the dollar and now trades at $0.52 or 0.00000755 BTC.
• GXChain (GXC) traded down 1% against the dollar and now trades at $0.41 or 0.00000599 BTC.
• Adshares (ADS) traded 1.6% lower against the dollar and now trades at $0.38 or 0.00000554 BTC.
• BitShares (BTS) traded 0.4% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,407,395,406 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. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official message board is medium.com/@tronfoundation. 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.”

Buying and Selling TRON

It is usually not currently possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase 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 purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView