Bittime - The market value of Ronin (RON), the cryptocurrency that supports the gaming-specific Ronin blockchain , shot past IDR 14 trillion after being listed on the popular exchange Coinbase. This is the second listing achievement achieved by RON on a major exchange in just two months, following its presence on Binance last February.
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An announcement from Coinbase on Wednesday allows users to trade RON directly on the Ronin network. Fund deposits and withdrawals will also be facilitated through these native networks. Trading is expected to begin on March 21, 2024, at approximately 12 noon United States Eastern Time, subject to liquidity conditions being met.
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Ronin (RON) Price Soars After Listing News
News of the listing on Coinbase triggered a significant increase in RON prices, according to the Bittime market the price rose from IDR 47,073 to IDR 57,838 in a matter of 24 hours.
This is most likely driven by the large number of Coinbase users, which are estimated at around 100 million people.
Many of them may be getting to know RON for the first time. This exposure from United States investors has the potential to significantly increase RON adoption.
Also Read: Binance Supports PIXEL Token Airdrop, Ronin Users Have the Chance to Get Prizes
Coinbase Listing Coincides with Network Growth
The listing on Coinbase comes shortly after the Ronin Network reached a major milestone – surpassing one million active addresses. In contrast to established blockchains such as Ethereum and Solana, Ronin caters specifically to the Web3 gaming sector.
Originally developed by Sky Mavis, creator of the popular Web3 game Axie Infinity, Ronin has grown into a platform for a variety of Web3 games, attracting a growing user base.
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Strong Start to 2024 for RON
Overall, 2024 has been a positive year so far for RON. Token prices have experienced a significant increase, starting from around IDR 27,720 at the start of the year and reaching IDR 51,770 at the time of writing.
This price increase coincides with network growth and occurs after RON's market capitalization briefly fell below IDR 14 trillion during the recent crypto (cryptocurrency) market downturn. Listing on Coinbase further strengthens RON's position and drives its market revival.
How to Buy Ronin (RONIN) on Bittime
You can buy and sell Ronin (RONIN) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ronin (RONIN) is available on Bittime with the market pair RONIN/IDR . To be able to buy RONIN IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ronin (RONIN) on Bittime .
Monitor the price chart movements of Ronin (RONIN), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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