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Tron is rallying, up 16% today: here’s where to buy Tron

Tron is rallying, up 16% today: here’s where to buy Tron

Last updated 29th Jun 2022
Disclosure
  • On May 5, Decentralized USD (USDD) will be introduced on Tron
  • Tron DAO Reserve was officially founded
  • Analysts Price Prediction are quite bullish on Tron

On May 5, Decentralized USD (USDD) will be introduced on Tron. This is a fully decentralized stablecoin, which makes finance accessible to all by applying mathematics and algorithms.

The Tron ecosystem had an important anniversary recently: it celebrated one year of stablecoin TUSD's deployment. Tron DAO Reserve was officially founded as well.

The platform’s crypto coin TRX is rallying as a result of all of these factors. It has added more than 15% to its value so far today.

If you are attracted to unique features and want to learn how and where to buy Tron, this guide is for you.

Top places to buy Tron now

1
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What is Tron?

Tron is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, Tron claims that its network has capacity for 2,000 TPS.

The project is best described as a decentralized platform focused on content sharing and entertainment. It has positioned itself as an environment where content creators can connect with their audiences directly.

By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen.

Should I buy Tron today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.

Tron price prediction

Analysts Price Prediction are quite bullish on Tron. They predict it will be worth at least $0.11 in 2023. In 2024, the price of TRX is predicted to reach at least $0.16. It can go up to $0.20 with the average trading price of $0.17.

In 2025, the price of TRX will keep growing. 1 TRX is expected to reach at least $0.25.

Daniela Kirova

Daniela Kirova

Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.