In the past 24 hours, the price of Tron has decreased by 2.5%. It's price has dropped by 0.5% in the last 7 days. The current price per TRX is $0.10 AUD. There is a current circulating supply of 92,413,449,760 TRX.
TRON’s price movements and performance are shown on a candlestick price chart. This customisable chart can be used by traders to conduct crypto technical analysis of TRX and other cryptocurrencies.
A candlestick chart displays specific units of time, such as an hour, day, week, or month, in the form of a candlestick. The opening and closing prices of said timeframe are represented as the candlestick’s body. The candle’s wick, however, depicts the highest and lowest price reached during the selected timeframe.
A green candlestick, also known as a bullish candle, indicates that the closing price of an asset was higher than its initial price. Red candlesticks indicate a price decline as the closing price was lower than the asset’s starting price.
Accurately reading candlestick charts is important for traders of any level, as it helps with developing trading strategies and predicting market trends. To learn more, read our guide to reading candlestick charts on Swyftx Learn.
TRON (TRX) is a blockchain-based operating system, similar to Ethereum, created by the Tron Foundation in 2017. the TRON protocol uses a peer-to-peer network that allows content creators to sell their work directly to consumers without the need for an intermediary.
The blockchain aims to simplify distributed file sharing and challenge web-based giants like Netflix, YouTube and Spotify by giving creators complete control of the content they produce and who they sell it to. TRON has developed a delegated proof of stake (PoS) consensus method to facilitate and validate transactions on the TRON network.
TRX is the native token of the Tron platform. Network users can use TRX as a payment method to access content creators’ decentralised applications (dApps).
The TRON blockchain was founded by Justin Sun, an entrepreneur who works as the CEO of both the Tron foundation and BitTorrent.
TRON (TRX) and many other digital assets in the crypto market are influenced by supply and demand. If there is an increased demand for TRX, the price will increase. If fewer traders are investing in TRON the price will likely go down.
The supply of TRON also influences its price. When there is an increase in people wanting to buy TRX but the circulating supply is low the price will rise, as more people are inclined to pay more to buy the asset.
TRON aims to connect content creators directly with their audiences. The network removes the need for intermediaries like streaming services or app stores, giving all the profits directly to the creators.
This benefits both content creators and consumers as it is less expensive for consumers to access the content they enjoy and allows content creators to keep a larger cut of the profit.
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