Lone Survivor: Ronin (RON) Rallies 20% As Top 100 Cryptos Bleed

Christian Encila

Last Updated: January 24, 2024 8:03 am

3 mins read

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Today’s surge in the price of RON has caught the attention of the cryptocurrency market, with the Ronin token going up by more than 200% in the last month.

In its first nine months, Ronin has racked up 250,000 unique daily active addresses, $5 billion in total value locked (TVL), over 2 million wallet downloads, and 15% of all NFT transactions on the market.

Its DEX Katana is the second-most popular decentralized exchange by weekly active users and allows for millions of in-game transactions.

Ronin: Gaming Blockchain Thrives Amidst Market Turmoil

Ronin (RON) is a blockchain designed for gaming that has gained significant traction in the cryptocurrency market. Launched by Sky Mavis, the creator of Axie Infinity, Ronin is tailored to optimize near-instant transactions and negligible fees, making it an ideal choice for Web3 games.

At the time of writing, RON was down a measly 0.2% in the last 24 hours, however it sustained an impressive 20% rally in the last seven days, emerging as the lone survivor in today’s crypto carnage, data from Coingecko shows.

A look at the chart shows the top 10 cryptocurrencies bathed in crimson, with Bitcoin leading the top losers with a nearly 7% loss. Down below, in the 98th spot, is Ronin with a solid gain in the weekly timescale.

Source: Coingecko

In the face of broader fluctuations and uncertainties within the cryptocurrency landscape, RON has not only weathered the storm but has also demonstrated a noteworthy ascent in value.

This commendable performance positions it as an outlier, defying the broader trends that have impacted various digital assets. Investors and observers alike may find solace in the relative stability and positive trajectory exhibited by RON during a time when many other cryptocurrencies experience heightened volatility.

RON showing a strong performance in the weekly timeframe. Source: Coingecko

However, it’s important to note that the cryptocurrency market remains inherently unpredictable, and the coming weeks and months promise to be compelling for Ronin followers eagerly awaiting the cryptocurrency’s next moves.

RON currently trading at $2.29908 on the daily chart: TradingView.com

Ronin Blockchain Crypto Wallet Update

Meanwhile, Sky Mavis has revealed an update for the cryptocurrency wallet on the Ronin blockchain. Support for multi-party computation (MPC), an in-app web browser, multichain support, and a redesigned look are among the new features.

Currently supported by the Ronin wallet are Polygon, Ethereum, and Binance’s BNB Chain. With the most recent update, customers can utilize a single wallet to manage and move assets across many blockchain networks.

Users can access decentralized apps (dApps) and communicate with blockchain-based services straight from the wallet using the latest Ronin wallet version’s in-app web browser.

Featured image from Shuttertsock

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.