Ronin Coin continues to make significant strides in the crypto space. There's been heavy supply inflation and an impressive 20% growth within a week, sparking discussion about its potential as a wise investment.
Part of its success can be attributed to the introduction of the Philippine Peso Stablecoin
PHPC, the first of its kind, debuted on the Ronin Network and has boosted Filipino crypto adoption.
Ronin Network is also showing enhanced gaming industry engagement, with integration of 'Pixels Crypto Game', boosting its blockchain use. The network has seen increased user traffic with in-game utilities like farming silver coins in the game 'Rise of the Ronin'.
However, Ronin's journey hasn't been without turbulence. Its price plummeted due to increased accessibility to cloud mining provided by a new ICO. Equally, the coin experienced fluctuations after a strained Binance token listing. Despite this, Ronin reclaimed a $1 billion market cap following its Coinbase listing and saw an 11% increase.
Introducing features like new zkEVM for Layer 2 scaling shows Ronin's ambitious technological innovation. Such implementations are designed to transform the performance of Web3 games and also mark the beginning of Ronin's Layer 2 journey. Further innovation exists in the form of a strategic partnership with Polygon to bolster gaming scalability.
Reports of Ronin hacks present some setback, with a bridge compromise causing a $9.7 Million ETH hack. This led to concrened queries about Ronin Network's safety. Even so, a significant portion of the stolen assets have been recovered.
Looking ahead, Ronin (RON) shows considerable promise. Its Ethereum Gaming Chain supports popular games like 'Axie Infinity' and 'Pixels'.Steady growth is signaled, perhaps due to recent listings on major exchanges like Binance and Coinbase. With scope for farming in-gaming utilities increasing, Ronin may well continue to rise in value.
RONIN Coin News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 13 Jul 2024 16:34:06 GMT -
Rating 4
- Innovation 4
- Information 8
- Rumor 2
