⇘ Price volatility and Security Glitches Mar Ronin Coin; Integration into Gaming breathes New Life

Ronin Coin (RON) has shown volatile movement in the cryptocurrency market, which will likely persist beyond 2030, according to price analyses. In a series of security issues, about $9.8 million was siphoned in various exploits, but Ronin managed to recover $10 million ETH and USDC. The security breaches resulted in temporary pausing of Ronin Network Bridge. Despite these challenges, there has been an increase in daily active users as well as a 20% rise in RON within a week. Ronin has now integrated gaming into its realms, thanks to zkEVM and has made a strategic partnership with Polygon to foster web3 gaming. Also, Ronin network has enlisted Philippines' first regulated stablecoin, PHPC, encouraging crypto adoption in the region. However, there has been a slump in the price of RON after its listing on Binance and Coinbase. Given the uncertainty surrounding the RON, there has been speculation about its future crash. Meanwhile, it is interesting to note that Bitcoin NFTs have surpassed Ronin in all-time sales. Though subject to fluctuating value, Ronin coin still holds relevance for crypto enthusiasts and investors.

RONIN Coin News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Tue, 06 Aug 2024 18:49:14 GMT - Rating -5 - Innovation 0 - Information 5 - Rumor -3