Live RON Price Overview
RONIN (RON) is a cryptocurrency that serves as the native token for the Ronin Blockchain ecosystem. It is primarily used for paying transaction fees (gas) and securing the network, which supports popular games like Axie Infinity and other decentralized applications.
As of the latest update, RON is trading at $0.485 USD. The token has a market capitalization of $319.73 million. Real-time price updates ensure you stay informed about market movements, which is essential for making timely decisions in the volatile crypto space.
Key Market Metrics
- 24-Hour Trading Volume: Reflects recent market activity and liquidity.
- 24-Hour Price Change: Indicates short-term market sentiment and volatility.
- Circulating Supply: Provides context for market cap and token distribution.
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Detailed Price Performance
Tracking RON's price changes across different timeframes offers valuable insights into its market behavior.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | -$0.015875 | -3.17% |
| 30 Days | -$0.11 | -18.49% |
| 60 Days | -$0.0319 | -6.18% |
| 90 Days | -$0.1732 | -26.32% |
Short-Term Performance (Today)
RON recorded a decrease of $0.015875, equivalent to a 3.17% drop, in the last 24 hours. This reflects the token's recent market activity and trader sentiment.
30-Day Trend
Over the past month, RON's price declined by $0.11, representing an 18.49% decrease. This short-term view highlights recent volatility and market conditions.
60-Day Perspective
The 60-day change shows a loss of $0.0319, or 6.18%. This broader period helps smooth out daily fluctuations and reveals more sustained trends.
90-Day Analysis
In the last 90 days, RON decreased by $0.1732, a 26.32% drop. This long-term perspective is useful for assessing the token's overall trajectory and market cycles.
Essential Market Information
Understanding key market metrics is crucial for evaluating any cryptocurrency.
- 24-Hour Low & High: These values show the price range within a single day, indicating volatility.
- All-Time High (ATH): The highest price ever reached by RON, important for assessing growth potential.
- Market Capitalization: Calculated as circulating supply multiplied by current price, it represents the total market value.
- Circulating Supply: The number of tokens currently available and traded in the market.
Understanding RONIN (RON)
Ronin Network is an Ethereum-linked sidechain designed specifically for gaming and NFT applications. Its native token, RON, is used for:
- Paying transaction fees (gas) on the network.
- Securing the blockchain through staking and validation.
- Enabling governance participation for token holders.
The network gained prominence through Axie Infinity but continues to expand with new games and applications.
RONIN Tokenomics
Tokenomics refers to the economic model of a cryptocurrency. It includes:
- Token Distribution: How tokens were initially allocated (e.g., team, investors, public sale).
- Supply Mechanics: Maximum supply, inflation rate, and emission schedule.
- Utility: Use cases within the ecosystem, such as staking, payments, or governance.
Understanding these factors helps assess the long-term viability and value proposition of RON.
How to Purchase RONIN
Acquiring RON tokens involves a few straightforward steps:
- Choose a reputable cryptocurrency exchange that lists RON.
- Create and verify your account on the platform.
- Deposit funds (fiat currency or other cryptocurrencies).
- Execute a buy order for RON at the current market price or a specified limit.
- Securely store your tokens in a personal wallet for added safety.
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Frequently Asked Questions
What is the primary use case for RON?
RON is used to pay transaction fees on the Ronin blockchain and secure the network through staking. It also serves as a governance token, allowing holders to participate in key decisions.
How does RONIN differ from other gaming tokens?
Ronin is specifically optimized for gaming applications, offering fast transactions and low fees. Its initial success with Axie Infinity provided a strong user base and proven utility.
Can I stake RON to earn rewards?
Yes, staking RON helps secure the network, and participants typically earn rewards in return. The exact yield depends on network conditions and staking duration.
What factors influence RON's price?
Key factors include overall crypto market trends, adoption of Ronin-based games, network upgrades, and broader macroeconomic conditions.
Is RON a good long-term investment?
Like all cryptocurrencies, RON carries investment risks. Its long-term value depends on the growth of the Ronin ecosystem, adoption of new games, and overall market conditions.
Where can I securely store RON tokens?
While exchanges offer convenience, dedicated hardware or software wallets provide enhanced security for long-term storage. Always use reputable wallet providers.
Price Predictions and Historical Data
Cryptocurrency price predictions attempt to forecast future values based on technical analysis, market trends, and ecosystem developments. However, they are inherently speculative and should not be solely relied upon for investment decisions.
Similarly, historical price data provides context about past performance, including periods of growth and decline. Analyzing this history can help identify patterns, though it does not guarantee future results.
Disclaimer
Cryptocurrency investments carry substantial risk due to market volatility. Prices can fluctuate widely, and investors may lose some or all of their capital. Always conduct thorough research and consider consulting a financial advisor before investing. Past performance is not indicative of future results.