Where to buy TRON (TRX) coin: its price is rising amid its USDD stablecoin launch

By: Charles Thuo
Charles Thuo
Charles holds a degree in mechatronic engineering but was intrigued by the fascinating world of cryptocurrencies and blockchain. He… read more.
on May 5, 2022
  • At the time of writing, the price of TRON (TRX) was $0.08022.
  • It is up 5.56% today and has hit a daily high of $0.08912.
  • Here is a quick guide on where to buy the TRX token.

TRON (TRX) has been in the limelight over the past few days due to its much anticipated USDD stablecoin. Today, TRX has surged by over 5% marking a continuation of a bullish trend that started on 30th April after TRON announced a collaboration and investment initiatives in Suriname.

To help investors and traders who want to invest in the TRON coin, Invezz has created a brief article to help with identifying the best places to buy it.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

To find out more, please continue reading.

Best places to buy TRON (TRX)

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Buy TRX with eToro today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy TRX with Binance today

What is TRON?

TRON is a decentralized blockchain that was developed by Tron Foundation. TRON was launched in 2017 and its native token is referred to as TRX.

At first, the TRX tokens were built on Ethereum making it an ERC-20. However, they were later transferred to the TRON network.

The aim of TRON was to provide full ownership rights to digital content creators and marketers.

TRON supports smart contracts and creates a decentralized internet and servers as a platform for developers to build DApps and thus act as an Ethereum alternative. Anyone can create DApps on TRON, offer content, and in return receive crypto compensations for their work.

Should I buy the TRX coin today?

If you are looking to invest in a cryptocurrency that is on a strong bullish trend, then the TRX token could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

TRON price prediction

Analysts believe the launch of USDD stablecoin shall propel the price of TRON above $0.10 by the end of next week.

$TRX social media coverage

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, Capital.com
9.3/10
75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.