TRON (TRX) Hits 1-Day Trading Volume of $556.68 Million

TRON (TRX) traded down 0.5% against the dollar during the 24-hour period ending at 11:00 AM ET on March 6th. TRON has a market capitalization of $20.81 billion and $556.68 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be bought for approximately $0.24 or 0.00000266 BTC on major exchanges. Over the last week, TRON has traded 6.1% higher against the dollar.

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

• Tezos (XTZ) traded up 4.8% against the dollar and now trades at $0.79 or 0.00000869 BTC.
• Terra Classic (LUNC) traded up 1.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.1% higher against the dollar and now trades at $0.25 or 0.00000274 BTC.
• Terra (LUNA) traded up 2.1% against the dollar and now trades at $0.21 or 0.00000236 BTC.
• Adshares (ADS) traded up 0% against the dollar and now trades at $0.56 or 0.00000616 BTC.
• GXChain (GXC) traded 2.1% lower against the dollar and now trades at $0.25 or 0.00000271 BTC.
• BitShares (BTS) traded 1% lower against the dollar and now trades at $0.0011 or 0.00000001 BTC.

About TRON

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,051,642,272 coins and its circulating supply is 86,051,604,094 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. TRON’s official website 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 Gemini, Coinbase or GDAX. 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