How to use the price graph?
You can see a symbol of a cryptocurrency in the top-left corner of the graph (It´s TRX/USD in this case), right next to it you will find time intervals 1m, 30m, 1h. If you select 30m, one candle will represent a time period of 30 minutes on the market. The time period can be changed by pressing an arrow heading down.
Current exchange rate of TRON (TRX) in USD and GBP
|Current exchange rate in GBP||0,04|
|Current exchange rate in USD||0,06185|
|Market cap in GBP||3 195 476 691|
|Market cap in USD||4 432 123 294|
|Change in the last 24h||-4.12%|
|Change in the last 7 days||16.38%|
The price of TRON decreased by 4.12% in the last 24h. In spite of the fact that the price decreased in the last 24h, the exchange rate of TRX increased by 16.38% in the last 7 days, so we can not talk about a down-trend in the long run.The total market value of TRON to 21.03.2021 06:00 is 3 195 476 691 GBP ( 4 432 123 294 USD), which makes it the 19. most valuable cryptocurrency in the world.
This calculator can help you calculate the price from TRON to british pounds and get you the price of GBP in TRX. The rates are updated to 21.03.2021 06:00.
Where to buy or trade TRON?
Basically, you have two options, you can own it and buy it on some online exchange or you can trade as CFD (contract for difference) for example at Plus500 (I recommend you this option. – Why? Read more.).
With a help of CFD you can lose or make money when a price of a cryptocurrency goes up or down. The next benefit of trading CFD is that you use a financial leverage, which will allow you to multiply your profits and losses. Let´s see how it looks in a practice:
Example of CFD trade TRX
Let´s say that we buy 1 000 coins of TRX with leverage 1:2, the exchange rate is 0,053091 $ per one unit. After a week we will sell the currency with exchange rate 0,057338 $, how much we will make?
In the first place, we have to calculate how much we have to put into the trade.
It´s simple -> (amount of units * exchange rate) / leverage -> (1 000 * 0,053091 $) / 2 = 26,545500 $. So, we will put into the trade 26,545500 $, but the profits/loses are the same as you would trade with 53,091000 $ (1 000 * 0,053091 $).
Leverage 1:2 means that a broker will lend you 2 times more than you put into the trade. This will allow you to trade bigger volumes of cryptocurrencies, it increases your potencial profits and losses.
The profit is calculated this way -> (amount of units * exchange rate after week) – (amount of units * exchange rate in the beggining) = (1 000 * 0,057338) – (1 000 * 0,053091) = 57,338000 – 53,091000 = 4,247000 $.
We can calculate losses the same way, but the result will be a negative number. We recommend you to trade TRON with Plus500. They have simple and user-friendly trading platform and English support available 24 hours on every working day. It´s also a partner of this website, not because they pay more than others, but because it´s one of the best CFD brokers in the world (in my opinion) and I have great personal experience trading with them.
FAQ about TRON
What will be the exchange rate of TRON next day/week/month?
To predict an exchange rate of TRX is not easy. But we have prepared a technical analysis that will tell what 25 technical indicators say.
How to buy TRON?
In general, cryptocurrencies can be purchased on exchanges. But not every crypto is available to purchase there.
Can I make money on a falling cryptocurrency exchange rates?
Yes, you can trade CFDs and speculate about falling rates.
What is the experience of traders with TRON?
TRX is the 16th most valuable cryptocurrency according to market capitalization. That in itself speaks about its popularity. However, if you are interested in comments or ratings from people on our website, we encourage you to visit it.