Ronin coin has been making waves recently as
transactions on the Ronin network surged by 33%. The coin has also seen a significant increase in
daily active users, recording 2 million hits, led by the growth in the gaming blockchain. Despite debates about the value of memecoins versus altcoins, the strong performance of Ronin's native coin RON testifies to its increasing popularity in the market. However, the network recently experienced a setback with the
reduction of rewards on Katana DEX as part of its latest upgrade. Despite these concerns, the Ronin ecosystem continues to thrive with
integration of the Philippines’ first regulated stablecoin, PHPC, and the explosive growth of Web3 Social Gaming on the network. In a positive development for investors, the Ronin network was able to recover a sizeable part of the funds from a recent bridge hack. The network's future outlook also seems promising with plans to secure its cross-chain bridge with Chainlink CCIP. Recently, Ronin coin has seen a slump in price following its listing on Binance, igniting speculation about its short-term prospects. This downslide notwithstanding, the coin’s popularity continues to soar, with Coinbase launching Learn & Earn initiative with RON rewards. The network's introduction of the first Philippine Peso Stablecoin, PHPC, on its blockchain is anticipated to boost Filipino crypto adoption. Overall, the increasing user engagement, strategic partnerships, and successful recovery from recent setbacks underpin the positive trend for Ronin coin.
RONIN Coin News Analytics from Mon, 08 Nov 2021 15:46:19 GMT to Wed, 04 Dec 2024 12:09:55 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 5
