Should you buy TRON after they collaborated with Shopping.io to enable TRX for eCommerce?

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Aug 26, 2021
  • TRON and Shopping.io have partnered up to enable TRX for eCommerce purposes.
  • TRX holders can spend their tokens on Shopping.io’s eCommerce platform.
  • They can make Amazon, eBay, Walmart, and Etsy purchases.

Tron TRX/USD attempts to push the decentralization of the internet through the usage of blockchain technology and decentralized applications. It was founded in 2017 by Justin Sun and has taken the crypto-world by storm. 

The Shopping.io partnership as a catalyst for growth

On August 26, TRX was ranked 27 among cryptocurrencies in terms of market capitalization. 

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A day before this ranking, TRX holders were given the ability to spend their tokens on Shopping.io’s eCommerce platform.

This allowed them to make Amazon, eBay, Walmart, and Etsy purchases.

Specifically, through Shopping.io, TRX holders can shop for things they need on an everyday basis, such as electronics. 

They will also receive a 2% discount on all of the items when they use TRX to make purchases for the first two weeks, starting on August 25.

This partnership essentially marks yet another milestone in adding practical value to cryptocurrencies.

Shopping.io is the only international crypto onboarding platform that currently allows users to spend their cryptocurrencies on popular eCommerce websites.

Should you buy Tron (TRX)?

On August 26, Tron (TRX) had a value of $0.084352.

Tron has made price moves that we have not really seen since April. In the past two months alone, it has been volatile, but has maintained a specific price point, with heights upwards of  $0.09578.

TRX gained a 28% increase in value throughout July, and kept on rising through August as-well.

To better evaluate exactly what kind of price point this is, we will be going over it’s all-time high value, and we will also compare it to its performance in July.

In terms of the all-time high value the Tron token TRX has achieved, it was at $0.2316 on January 5, 2018. This made the token 174% higher in value at the time.

Tron started off July 1 with a high value point of $0.06815, after which it fell to $0.0634 a day after which was a 7% decrease, while managing to climb back up to $0.06742 on July 4, a climb that marked a 6% increase.

That being said, throughout the month, it plummeted to its lowest point on July 20 with a value of $0.04926. Here we can see a 27% decrease in value.

That being said, it kicked back up to speed on July 26 with a value of $0.06316, which marked a 28% increase and kept its ups and downs up until August 1, where it got to $0.06655, increasing by another 5%.

Here, we can see that a retest if it’s all-time high is still far off, however, it is still an impressive growth pattern.

August 16 saw its most recent highest point of $0.09578. However, this made its value just 13% higher than the value it had on August 26, and it is showing no indication of this uptrend slowing down.

With all of this in mind and its recent partnership with Shopping.io, the TRX token has the potential to climb to $0.095300 by the end of September, making it a worthwhile purchase.

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