Ronin Coin, referred to as 'RON', has been consistently making news in the crypto space. It recently entered a strategic partnership with
Polygon and launched the Philippines' first regulated stablecoin
PHPC, further enhancing the crypto adoption in the region. Amid the buzz,
Ronin Coin was listed on
Coinbase and
Binance, however it witnessed a substantial price dip post these listings. Its price predictions for 2024, 2025, 2030 and beyond indicate mixed sentiments among investors. The coin was hit by a whitehat hack resulting in a loss of $12 million. The
Ronin bridge, reportedly exploited for a hefty $9.8 million in ETH, was paused and restarted post the incident. On a positive note, a significant part of the stolen assets was recovered. The Ronin network, despite its vulnerabilities, is demonstrating an impressive growth particularly in the gaming sector.
PIXELS, a Web3 Social Gaming platform, migrated to Ronin and experienced a surge in value. The network also recently recorded 2 million daily active users and unveiled
zkEVM for gaming.
Sky Mavis intends to reduce Ronin DEX liquidity rewards by 50% and
CDK will aid Ronin in scaling their Web3 games. The coin's high supply inflation has raised concerns whether RON coin is a wise investment given the current market dynamics. Nevertheless, Ronin's blockchain technology holds promise, fueling its ambition to become the leading platform for gaming.
RONIN Coin News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sat, 24 Aug 2024 22:31:23 GMT -
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