The 22nd biggest crypto by market cap has been rallying over the past few days. It was up 15% yesterday and added another 8% today. Its week-end gains exceeded 10%.
Reasons for the rally include the introduction of Decentralized USD (USDD), a stablecoin that promises to make finance accessible to all, to Tron. This will be effective May 5.
In addition, Tron announced the official establishment of Tron DAO Reserve.
This guide is for those who are drawn to Tron’s unique features and wish to find out how to purchase Tron.
Top Tron places to Buy Now
TRX, a brand new asset, is not yet listed on major exchanges. There are additional steps to purchase TRX via a DEX (decentralised exchange), but you can still do so. These are the steps to buy TRX now:
1. Buy BNB on a regulated exchange or broker, like Binance ›
Binance is one of the most popular multi-asset trading platforms in the world. Binance also offers a wallet and exchange all in one with the lowest fees. It is user-friendly and provides more payment options than any other service.
2. Your BNB can be sent to a compatible wallet such as Trust Wallet or MetaMask
Create your wallet, grab an address and send your coins.
3. Connect your wallet with the Pancakeswap DEX
Visit Pancakeswap to ‘connect’ you wallet.
4. Your BNB can now be exchanged for TRX
Once you are connected, you can swap for hundreds of coins, including TRX.
What is Tron?
Tron is an ecosystem in which content creators can interact directly with their audiences. Tron aims to eliminate the middlemen and remove centralized platforms like music sites, apps stores, streaming services, and other such platforms.
This will result in consumers paying less for content. Tron claims that its team of developers is talented and has been sourced from large companies like Ripple Labs.
Do I need to buy Tron right now?
Given the difficulty of predicting cryptocurrency trends, it’s important to do thorough market analysis before you make any financial decisions. Don’t invest more than you can afford to lose.
Tron price prediction
Wallet Investor considers Tron a good long-term investment. They anticipate a long-term price increase of $0.22 per share in April 2027.
An investment of 5 years will yield revenue of approximately +230%. Tron might increase to $330 in 2027 if you invest $100 now.
Tron on social networks
— Crypto elephant (@elephant_crypto) April 21, 2022