TRON (TRX) Price Reaches $0.16

TRON (TRX) traded 0.2% lower against the dollar during the 1-day period ending at 23:00 PM E.T. on November 5th. One TRON coin can now be purchased for $0.16 or 0.00000218 BTC on popular exchanges. Over the last seven days, TRON has traded down 2.7% against the dollar. TRON has a market cap of $11.63 billion and $441.92 million worth of TRON was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Tezos (XTZ) traded 7.6% higher against the dollar and now trades at $0.64 or 0.00000867 BTC.
• Terra Classic (LUNC) traded 8.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.7% higher against the dollar and now trades at $0.34 or 0.00000459 BTC.
• Terra (LUNA) traded 8.9% higher against the dollar and now trades at $0.33 or 0.00000442 BTC.
• GXChain (GXC) traded 2.4% lower against the dollar and now trades at $0.34 or 0.00000458 BTC.
• Adshares (ADS) traded 4.1% higher against the dollar and now trades at $0.23 or 0.00000312 BTC.
• BitShares (BTS) traded up 2% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,440,058,489 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 Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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.”

TRON Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView