New meme coin Zoro Inu explodes and rises by over 200% today: here’s is where to buy it

The Zoro Inu (ZORO) coin, which was launched a week ago, is trending after unleashing a monster bull run over the last two days. Today, the price of ZORO had risen by over 200% at the time of writing this article.

To help investors and traders who are eyeing to buy and hold the KDA coin, Invezz has created a brief article to help with identifying the best places to buy it.

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Best places to buy the Zoro Inu (ZORO) coin

As ZORO is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ZORO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ZORO right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the SushiSwap DEX

Head to SushiSwap, and ‘connect’ your wallet to it.

4. You can now swap your BNB for ZORO

Now that you’re connected, you’ll be able to swap for 100s of coins including ZORO.

What is Zoro Inu (ZORO) coin?

Zoro Inu (ZORO) coin is a community-controlled deflationary token that was launched a week ago. It purposes to develop solutions to make the crypto industry safer and easier for everyone.

Zoro’s deflationary mechanism includes a redistribution system where 5% of every transaction is distributed back as a reward to ZORO holders. Also, 50% of the current total supply of ZORO coins shall be burned at the end.

The token also plans on employing the use of anti-whale encrypted contracts.

Should I buy the ZORO coin today?

If you are looking to invest in a cryptocurrency that has risen by a huge margin today, then the ZORO coin could be a good choice.

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

Zoro Inu price prediction

Although there is no major news attributed to the sudden pump of Zoro Inu’s price, analysts expect the token to continue with the bullish trend at least in the remaining of March. Experts believe that the coin could attempt to hit $0.00000001 by the end of the month.