TRON (TRX) Price Hits $0.28 on Major Exchanges

TRON (TRX) traded 0% lower against the U.S. dollar during the 1-day period ending at 9:00 AM Eastern on February 17th. One TRON coin can now be bought for $0.28 or 0.00000412 BTC on popular exchanges. TRON has a market capitalization of $26.55 billion and approximately $589.57 million worth of TRON was traded on exchanges in the last 24 hours. In the last seven days, TRON has traded up 1% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded down 1.3% against the dollar and now trades at $0.40 or 0.00000581 BTC.
• Terra Classic (LUNC) traded down 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded 0.8% lower against the dollar and now trades at $0.0808 or 0.00000119 BTC.
• Terra (LUNA) traded 1.8% lower against the dollar and now trades at $0.0656 or 0.00000096 BTC.
• GXChain (GXC) traded down 0.6% against the dollar and now trades at $0.37 or 0.00000545 BTC.
• Adshares (ADS) traded 0.1% lower against the dollar and now trades at $0.56 or 0.00000827 BTC.
• BitShares (BTS) traded down 0.7% against the dollar and now trades at $0.0011 or 0.00000002 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. It was first traded on May 31st, 2018. TRON’s total supply is 94,727,044,415 coins and its circulating supply is 94,667,886,298 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website 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.”

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, Changelly or Coinbase. 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