TRON Trading Down 13.4% Over Last Week (TRX)

TRON (TRX) traded down 3.6% against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on April 18th. One TRON coin can now be bought for about $0.11 or 0.00000176 BTC on major cryptocurrency exchanges. In the last week, TRON has traded 13.4% lower against the U.S. dollar. TRON has a total market capitalization of $7.57 billion and approximately $379.57 million worth of TRON was traded on exchanges in the last day.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 3.9% lower against the dollar and now trades at $0.91 or 0.00001514 BTC.
• Terra Classic (LUNC) traded 5.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 4.4% against the dollar and now trades at $0.57 or 0.00000943 BTC.
• aelf (ELF) traded 1.1% higher against the dollar and now trades at $0.55 or 0.00000921 BTC.
• GXChain (GXC) traded 5% higher against the dollar and now trades at $0.43 or 0.00000713 BTC.
• Adshares (ADS) traded down 0.7% against the dollar and now trades at $0.37 or 0.00000618 BTC.
• BitShares (BTS) traded 1.1% lower against the dollar and now trades at $0.0030 or 0.00000005 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,611,130,542 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. The official website for TRON is trondao.org. 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.

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 U.S. dollars. Investors seeking to acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView