Ronin Network (RON)
Ronin is an Ethereum sidechain that was created with Axie Infinityâs community in mind. Sky Mavis, the team behind Axie Infinity, needed a reliable, fast, and cheap network that could cater to the demands of the game. They needed a scaling solution that put gaming first, was built to withstand the test of time and the ever-increasing demands of a fast-growing game. Ronin was their answer..
1. RON Basic Info
| Symbol | RON |
| Name | Ronin Network |
| Web Site | https://litepaper.roninchain.com/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://explorer.roninchain.com/ |
| Forum | -- |
| Mining | |
| Supply | 1000000000 |
| Available Supply | 619390000 |
| Market Cap | 449677140 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 1000000000 |
| Release Date | 2022-01-27 |
2. RON Technical Info
2.1 RON Kline Chart Price
2.2 RON Technical Analysis
The price is expected to continue its downward trend in the short term. The immediate support level is around 0.71. If the price breaks below this level, the next support level is likely to be around 0.69. However, there might be short-term fluctuations and occasional upward corrections.
A rebound could happen around the 0.71-0.72 area, but it will be a temporary pattern. The overall trend remains bearish. The volume data indicates a potential for continued selling pressure. Traders should monitor for potential reversal signals.
The longer-term outlook is also bearish, with potential for further declines in the coming weeks if the current pattern continues. Resistance levels are at 0.78 and 0.81. The market sentiment leans towards continued selling.
3. RON News Info
3.1 RON News List
- 20250310
Megabit will launch RONIN/USDT perpetual contract, supporting up to 75x leverage đ - 20250307
Ronin Mainnet will be upgraded to Cerastes on March 17 đ
3.2 RON News Analysis
The provided data strongly indicates growing activity and interest in the Ronin Network. The announcement of a RONIN/USDT perpetual contract with high leverage from Megabit suggests increasing speculative trading opportunities and potential price volatility. Furthermore, the impending Cerastes upgrade to the Ronin Mainnet, which is likely aimed at improving performance and functionality, implies further development and future ecosystem expansion. These events, combined, point towards an optimistic outlook for Ronin, with increased user engagement and potential for significant price movements. The market is likely anticipating increased adoption of the Ronin network and its native asset.
