The TRON (TRX) to US Dollar (USD) exchange rate is a key metric for investors and traders in the cryptocurrency space. Understanding its real-time value, historical trends, and market statistics is essential for making informed decisions. This guide provides a comprehensive overview of the TRX/USD pair, including current pricing, conversion tools, and essential market data.
Current TRX to USD Price Overview
As of the latest update, the price of TRON (TRX) is $0.2872 USD. Over the past 24 hours, the value has increased by +1.23%, demonstrating positive short-term momentum. The weekly performance shows a more substantial gain of +5.97%, while the monthly trend remains bullish with an increase of +6.01%.
These figures indicate a period of growth for TRX, making it an attractive asset for those monitoring altcoin performance against traditional fiat currencies.
TRX/USD Market Statistics and Data
A deeper look into the market data provides valuable context for the current price action:
- 24-Hour Low: $0.2831
- 24-Hour High: $0.2881
- All-Time High (ATH): $0.431288
- All-Time Low (ATL): $0.00180434
- Market Capitalization: $27.24 Billion
- Circulating Supply: 94.79 Billion TRX
- Max Total Supply: Not specified (--)
Market capitalization is calculated by multiplying the current price by the circulating supply. The significant difference between the all-time high and the current price suggests potential for growth, while also highlighting the volatility inherent in digital assets.
How to Convert TRX to USD
Converting TRON to US Dollars is a straightforward process on modern cryptocurrency platforms. Whether you are looking to cash out gains or simply track the fiat value of your holdings, understanding the conversion is crucial.
To convert TRX to USD:
You input the amount of TRON you wish to sell, and the platform will instantly display the equivalent amount in US Dollars based on the live market rate. The funds are then credited to your account in USD or a USD-pegged stablecoin.
To convert USD to TRX:
This process involves funding your account with US Dollars and using them to purchase TRX at the prevailing market price.
For a seamless experience, it's vital to use a secure and liquid exchange that offers competitive fees and real-time pricing. 👉 Explore reliable conversion tools here
Understanding TRON (TRX) and Its Market Position
TRON is a decentralized blockchain platform designed to support a global digital entertainment ecosystem. Its native cryptocurrency, TRX, is used to power transactions and applications on the network. The project aims to facilitate the easy and cost-effective sharing of digital content.
With a large circulating supply, the price per TRX token is relatively low compared to other major cryptocurrencies. However, its substantial market cap reflects a high total valuation and significant investor interest. Monitoring its supply metrics is important for assessing its long-term inflationary or deflationary pressures.
Frequently Asked Questions
What is the current price of 1 TRX in USD?
As of the latest update, 1 TRON (TRX) is equivalent to $0.2872 USD. This price updates in real-time based on market activity.
How much has the TRX to USD price changed in the last 24 hours?
The value of TRX has increased by +1.23% against the US Dollar over the past 24 hours, indicating positive short-term momentum.
What is the total supply of TRON (TRX)?
The current circulating supply of TRX is 94.79 Billion tokens. The maximum total supply has not been explicitly defined by the project.
Why does the price of TRX fluctuate against the USD?
The price fluctuates due to a combination of factors, including overall cryptocurrency market sentiment, supply and demand on exchanges, developments within the TRON ecosystem, and broader macroeconomic conditions influencing digital assets.
Where can I learn more about trading cryptocurrencies?
Many major platforms offer free educational resources that cover basic trading strategies, technical analysis, and risk management. These "learn and earn" programs are excellent for both beginners and experienced traders looking to refine their skills.
Is it better to hold TRX or convert it to USD?
This is an investment decision that depends entirely on your individual financial goals, risk tolerance, and market outlook. Some investors prefer to hold cryptocurrencies for long-term growth, while others actively trade to capitalize on short-term price movements against stable assets like the USD.