Tron (TRX) is a prominent cryptocurrency that has captured significant attention within the digital asset ecosystem. Launched in 2018, it has established itself as a major player, consistently ranking among the top cryptocurrencies by market capitalization. This article provides a detailed look at Tron's current market performance, key statistics, technical analysis, and essential information for anyone interested in this dynamic digital currency.
Current Tron (TRX) Price and Performance
As of the latest data, the live Tron price is $0.2809**. Over the past 24 hours, its value has increased by **0.40%**. The trading volume for TRX during this period was substantial, reaching **$774.5 million, which positions it at #9 in terms of trading volume rankings across all cryptocurrencies.
The price action for the day saw TRX trade within a range of $0.2779 to $0.2812. After reaching the daily high of $0.2812, the price faced resistance and was unable to push further upwards. When comparing the current price to the highest point recorded over the past 30 days, TRX is down by -4.59%. However, it is up by 8.43% from the lowest point in that same period.
Tron Market Capitalization and Supply Metrics
Tron holds a strong position in the broader crypto market with a market capitalization of $24.2 billion, ranking it as the 8th largest cryptocurrency.
- Circulating Supply: 86,134,911,300 TRX
- Total Supply: 100,000,000,000 TRX
- Fully Diluted Valuation (FDV): $28.1 billion
The Fully Diluted Valuation (FDV) is a theoretical metric calculated by multiplying the total supply by the current price. It represents what the market cap would be if all tokens were in circulation.
Historical Price Analysis and All-Time High
Understanding a cryptocurrency's historical performance is crucial for context.
- All-Time High (ATH): Tron reached its highest recorded price of $0.3688. The current price is down approximately -23.85% from this peak.
- 52-Week Range: Over the past year, TRX has traded between a low of $0.1176** and a high of **$0.4392.
This historical volatility is common in the crypto space and highlights both the potential for growth and the inherent risks involved.
Tron (TRX) Performance Comparison
It's often helpful to see how TRX is performing against other major cryptocurrencies and its own historical data.
| Timeframe | vs. USD | vs. BTC | vs. ETH |
|---|---|---|---|
| 1 Hour | +0.31% | +0.26% | -0.51% |
| 24 Hours | +0.40% | +1.42% | +2.82% |
| 7 Days | +3.01% | +2.55% | +3.33% |
| 1 Month | +4.43% | +3.15% | +8.44% |
| 1 Year | +121.17% | +31.59% | +216.43% |
This table shows that while TRX has seen positive growth against the US Dollar over all major timeframes, its performance against Bitcoin (BTC) and Ethereum (ETH) has been mixed in the short term but strongly positive over the annual period.
Trading and Exchange Information
Tron (TRX) is widely available and boasts high liquidity. It is currently traded on 69 different cryptocurrency exchanges. The high trading volume indicates strong market interest and makes it relatively easy for investors to buy and sell TRX without significantly impacting the market price.
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Tron Initial Coin Offering (ICO) Details
Tron's journey began with an Initial Coin Offering (ICO).
- Status: Finished
- ICO Price: $0.0172 per TRX
- Start Date: September 7, 2017
- End Date: September 8, 2017
- Amount Raised: $58,098,000
The IROI (Initial Return on Investment) for those who participated in the ICO is an impressive +1,532.87%, meaning the value of their initial investment has multiplied over 16 times.
ROI and Volatility Metrics
Evaluating risk and potential return is a key part of crypto investment.
| Metric | Value |
|---|---|
| ICO ROI | +1,532.87% |
| 3-Month ROI | +19.51% |
| 6-Month ROI | +5.56% |
| 12-Month ROI | +118.68% |
| 3-Month Volatility | 15.88% |
| 6-Month Volatility | 31.13% |
| 12-Month Volatility | 74.49% |
| Max Drawdown | -53.43% |
These figures illustrate that while Tron has provided substantial returns over the long term, it has also experienced significant price swings, as indicated by the high volatility percentages.
Technical Analysis for TRX
Technical analysis uses historical price data and trading volume to identify potential trends. Here is a snapshot of various technical indicators for Tron:
Trend Indicators:
- SMA (10): Buy
- EMA (10): Buy
- Most Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) across different timeframes (20, 30, 50, 100, 200) are signaling a "Buy."
Oscillators:
- RSI (14): 59.31 (Natural - neither overbought nor oversold)
- Commodity Channel Index (20): 164.47 (Sell)
- Williams Percent Range (14): -3.36 (Overbought)
- Ultimate Oscillator: 58.04 (Natural)
It is important to remember that technical indicators are not foolproof and should be used in conjunction with other forms of analysis and market research.
Frequently Asked Questions
What is Tron (TRX)?
Tron is a decentralized blockchain platform focused on creating a free, global digital content entertainment system with distributed storage technology. Its native cryptocurrency is TRX, which is used to conduct transactions and interact with applications on the network.
How can I buy Tron (TRX)?
TRX can be purchased on numerous major cryptocurrency exchanges. You typically need to create an account on an exchange, complete any required verification processes, deposit funds (either fiat currency or another cryptocurrency), and then execute a buy order for TRX.
What determines the price of Tron?
Like most cryptocurrencies, the price of TRX is primarily determined by supply and demand dynamics on exchanges. Factors influencing this include overall market sentiment, adoption rates of the Tron network, technological developments, regulatory news, and broader economic conditions.
What is the difference between circulating supply and total supply?
Circulating supply refers to the number of coins that are publicly available and circulating in the market. Total supply is the number of coins that have been created minus any that have been verifiably burned. It includes coins that are locked, reserved, or not yet released into circulation.
Is Tron a good investment?
The potential of Tron as an investment depends on your individual financial goals, risk tolerance, and belief in the long-term viability of the project. Its high historical returns are accompanied by significant volatility and risk. Always conduct thorough research and consider consulting a financial advisor before investing.
What is Tron's consensus mechanism?
Tron uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. This means that TRX holders vote for "Super Representatives" who are responsible for validating transactions and creating new blocks on the blockchain. This system is designed to be more energy-efficient than Proof-of-Work.