Lone Survivor: Ronin (RON) Rallies 20% As Top 100 Cryptos Bleed
January 24 2024 - 3:02AM
NEWSBTC
Today’s surge in the price of RON has caught the attention of the
cryptocurrency market, with the Ronin token going up by more than
200% in the last month. In its first nine months, Ronin has racked
up 250,000 unique daily active addresses, $5 billion in total value
locked (TVL), over 2 million wallet downloads, and 15% of all NFT
transactions on the market. Its DEX Katana is the second-most
popular decentralized exchange by weekly active users and allows
for millions of in-game transactions. Ronin: Gaming Blockchain
Thrives Amidst Market Turmoil Ronin (RON) is a blockchain designed
for gaming that has gained significant traction in the
cryptocurrency market. Launched by Sky Mavis, the creator of Axie
Infinity, Ronin is tailored to optimize near-instant transactions
and negligible fees, making it an ideal choice for Web3 games. At
the time of writing, RON was down a measly 0.2% in the last 24
hours, however it sustained an impressive 20% rally in the last
seven days, emerging as the lone survivor in today’s crypto
carnage, data from Coingecko shows. A look at the chart shows the
top 10 cryptocurrencies bathed in crimson, with Bitcoin leading the
top losers with a nearly 7% loss. Down below, in the 98th spot, is
Ronin with a solid gain in the weekly timescale. Source: Coingecko
In the face of broader fluctuations and uncertainties within the
cryptocurrency landscape, RON has not only weathered the storm but
has also demonstrated a noteworthy ascent in value. Related
Reading: Bitcoin Evangelist Says Investors Will Be Crushed
Expecting BTC At $30,000 This commendable performance positions it
as an outlier, defying the broader trends that have impacted
various digital assets. Investors and observers alike may find
solace in the relative stability and positive trajectory exhibited
by RON during a time when many other cryptocurrencies experience
heightened volatility. RON showing a strong performance in the
weekly timeframe. Source: Coingecko However, it’s important to note
that the cryptocurrency market remains inherently unpredictable,
and the coming weeks and months promise to be compelling for Ronin
followers eagerly awaiting the cryptocurrency’s next moves. RON
currently trading at $2.29908 on the daily chart: TradingView.com
Ronin Blockchain Crypto Wallet Update Meanwhile, Sky Mavis has
revealed an update for the cryptocurrency wallet on the Ronin
blockchain. Support for multi-party computation (MPC), an in-app
web browser, multichain support, and a redesigned look are among
the new features. Related Reading: Celsius Dump Triggers Ethereum
Dive: $35 Million Sell-Off Sends ETH Price Crashing Currently
supported by the Ronin wallet are Polygon, Ethereum, and Binance’s
BNB Chain. With the most recent update, customers can utilize a
single wallet to manage and move assets across many blockchain
networks. Users can access decentralized apps (dApps) and
communicate with blockchain-based services straight from the wallet
using the latest Ronin wallet version’s in-app web browser.
Featured image from Shuttertsock
Polygon (COIN:MATICUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polygon (COIN:MATICUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024