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TRON

TRX

Rank #14
$ 0.1033
-2.63%
24H Low$0.1022
24H High$0.1067
24H Volume
368.1M
All-Time High(ATH)
$0.2317
All-Time Low(ATL)
$0.001804
Market Cap
9.13B
Fully Diluted Valuation
9.13B
Market Cap/FDV
1
Circulating Supply
88.35B TRX
Total Supply
88.35B TRX
Max Supply
Market Sentiment
Negative
* Data from 3rd parties

TRON (TRX) Price Trends

Time period
Change amount
% Change
1H
$ 0.00002396
0.023%
24H
$ -0.002714
-2.63%
7D
$ 0.002504
2.42%
14D
$ -0.0002542
-0.25%
30D
$ -0.003967
-3.84%
1Y
$ 0.09188
88.92%

Live TRON (TRX) Price Update

TRON price today is $0.1033 with a 24-hour trading volume of 368.1M, and as such TRON has a market cap of 9.13B, giving it a market dominance of 0.45%. The TRON price moved -2.63% in the last 24 hours.

TRON reached its highest price on 2018-01-05 when it was trading at its all-time high of $0.2317, while its lowest price was recorded on 2017-11-12 when it was trading at its all-time low of $0.001804. The current lowest price since the last cycle high was $0.001804, and the highest price since the last cycle low was $0.2317. The social sentiment of TRON is currently Negative.

The current circulating supply of TRON is 88.35B TRX. In terms of market cap, TRON is currently ranked 14.

About TRON (TRX)

TRON (TRX) is a decentralized operating system based on the blockchain established in 2017, developed and launched by the TRON Foundation. The tokens of the project were first released on Ethereum in the version of ERC-20. With the establishment of the network environment of TRON itself, TRX was also transferred to the TRON chain.

The original purpose of TRON is to build a global free content entertainment system, provide ownership for producers, and create an ecosystem platform that everyone can participate in and benefit from. It is called the TRON ecosystem. The protocol can allow each user to publish, store and hold data freely, and based on the form of centralized autonomy in the past, determine the distribution, subscription and push of content through the issuance, circulation and transaction of digital assets, empower content creators, and form a decentralized content entertainment ecosystem. With the continuous technological development and ecosystem layout, TRON's goal is not limited to a global content sharing platform, but to create a mature operating system and network that supports various customized decentralized applications.

TRON supports smart contracts, blockchain systems and decentralized applications, creates Dapps on the TRON Network and provides content, and can obtain digital assets as rewards for providing creativity and contributions. Meanwhile, in TRON, users can freely upload, store and share various forms of content creation, and individuals can also freely issue assets. In the future, other people will get all the benefits and services when purchasing, and digital assets will also match the whole set of decentralized infrastructure.


How does TRON (TRX) Work?

TRON adopts the DPOS (delegated proof of stake) consensus mechanism, that is, network users select high-performance nodes as network maintenance nodes to ensure the TPS of the network and achieve high throughput. This mechanism is similar to the process of selecting deputies to the People's Congress. No matter how many tokens they hold, everyone has the right to vote and select a proxy node (weighted voting). The node with the highest number of votes will undertake the task of the new block (currently there are 27 super nodes, and the votes will be counted again every 6 hours. As long as the number of votes is still in the top 27, the block can be generated continuously). Nodes that have not completed accounting tasks will also be replaced by more efficient nodes, thus reducing the time consumption cost of block creation and confirmation. Therefore, the TRON TPS is much higher than other public chains (approximately 2000), and has a lower transaction rate and higher speed.

In the TRON consensus, all those who participate in the voting, whether they are unsuccessful or vote for the winning bidder, or vote for the unsuccessful bidder, will receive certain compensation to encourage more users to participate in the election. The selected nodes will package the blocks in sequence according to certain allocation rules and obtain the maximum share of rewards.


What is TRON (TRX) ?

TRONIX is the mainnet native token of TRON protocol issued by TRON DAO, referred to as TRX.

The total amount of TRX is 100 billion. During the ICO, 40% of the tokens are allocated for public offering, 35% for TRON Foundation and ecosystem, 15% for private placement, and 10% for other companies.

TRX plays a very important role in the TRON ecosystem. Users can hold TRX to participate in the issuance of TRON tokens, purchase tokens, obtain corresponding energy and bandwidth by freezing TRX, and the address holding TRX will automatically obtain BTT token rewards. Presently, TRX supports credit card payment and ATM online transfer.


TRON (TRX) Crypto Wallet

In addition to placing TRX in the Gate.io exchange to facilitate trading, TRX can also be placed in the crypto wallet.

In the network environment of TRON, there is a wallet - TronLink, which was first launched on the official website of TRON and supported by the TRON Foundation. The private key is stored locally and encrypted by a multi-layer algorithm to ensure data security and node reliability.

FAQs

1. What determines the price movement of TRON?

There are two schools of thought in determining the price of TRON.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of TRON, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of TRON from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of TRON on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for TRON as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for TRON and the cryptocurrency market as a whole.

Date
Market Cap
Volume
Open
Close
2024-02-20
$333.55M$12B$0.1364N/A
2024-02-19
$279.78M$11.91B$0.1353$0.1364
2024-02-18
$570.25M$11.97B$0.1359$0.1353
2024-02-17
$352.81M$11.7B$0.1329$0.1359
2024-02-16
$464.7M$11.55B$0.1312$0.1329
2024-02-15
$372.76M$11.4B$0.1296$0.1312
2024-02-14
$326.21M$11.18B$0.1271$0.1296