Ronin Listing Emerges Amid DAU Rise
Binance, the world’s leading cryptocurrency exchange, recently announced its plans to list the native token of the Ronin network on its platform. This news has generated significant interest in the global crypto community. Ronin is an Ethereum sidechain network that focuses on gaming, and this listing is a major milestone for the project.
According to Binance, trading for RONIN spot trading pairs will begin on February 5 at 15:30 UTC. The available pairs will be RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY. Users can already deposit tokens in preparation for trading, with withdrawals becoming available on February 6 at 13:30 UTC. Notably, Binance has set the listing fee for RONIN at 0 BNB.
In recent days, the token’s Daily Active Users (DAU) chart has shown a significant increase in activity on the network. Binance’s decision to list Ronin comes at a time when its popularity is surging among users.
RONIN Price Drops
However, despite the positive news of Binance’s listing, the price of Ronin has experienced an immediate drop. After the announcement, the token’s price fell by 18.50%. As of now, Ronin is trading at $2.84 with a market cap of $831.99 million and a 24-hour trading volume of $96.98 million.
This decline in price has led to bearish market sentiments. However, many in the crypto community are eagerly waiting to see how Binance’s listing will impact Ronin’s price in the long run.
Hot Take: Ronin Token Faces Volatility After Binance Listing
The listing of Ronin token on Binance has garnered significant attention in the crypto world. With its Ethereum sidechain network designed for gaming, Ronin has experienced a surge in Daily Active Users (DAU) recently. However, the token’s price took a hit after Binance’s listing announcement, dropping by 18.50%. Despite this initial setback, there is anticipation in the crypto community for potential price action changes following the listing. As Ronin continues to gain popularity and exposure through partnerships with major exchanges like Binance, its future performance remains uncertain but intriguing for market observers.
By
By
By
