Ronin Network recovered a notable amount of
$12M digital assets, after a whitehat hacker exploited it, resulting in the pausing and restarting of the
Ronin Bridge. This revealed the threats that the network can face, however, the
Ronin (RON) cryptocurrency seems to overcome these challenges steadily. RON price predictions show encouraging trends with a short-term rise of 20%. The network has also shown considerable growth in active users, largely due to the introduction of the
Web3 Social Gaming powered by
Pixels.
Cooperation with
Polygon for scaling Web3 gaming has been another significant action. In addition, the
Philippine Peso Stablecoin PHPC made its debut on the Ronin Network.
Sky Mavis managed not only to recover digital assets but also to integrate the first regulated stablecoin of the Philippines,
PHPC, into the Ronin ecosystem.
Meanwhile,
Coinbase listing triggered a slight recession in the RON's value with the coin declining nearly 30 %. Despite this, the coin was able to reclaim its $1 billion market cap, showing resilience and potential for future growth. Potential ICO and cloud mining developments could pose some crash risk for Ronin Coin. The network also entered into
Layer 2 zkEVM with Polygon CDK, its latest game-changer.
Overall, the aforementioned experiences hint at Ronin’s potential for innovation and growth despite the occasional setbacks. This trajectory is thermally backed by a recent industry report that places
Pixels and
Ronin at the top in terms of sector growth.
RONIN Coin News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Wed, 07 Aug 2024 15:30:11 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor 4
