Navigating the dynamic world of cryptocurrency requires access to accurate and timely information. For investors and enthusiasts tracking Ronin (RON), understanding its current price, market performance, and key metrics is essential for making informed decisions. This article provides a comprehensive overview of Ronin's live price, historical data, market insights, and future outlook.
Understanding Ronin (RON)
Ronin is a blockchain network specifically designed for gaming and decentralized applications. It serves as the backbone for popular play-to-earn games like Axie Infinity, offering fast transactions and low fees. The native token, RON, is used for gas fees, staking, and governance within the ecosystem.
Ronin Price Today
As of the latest update, the live price of Ronin (RON) is $0.488**. The cryptocurrency has experienced a **-2.40%** change over the past 24 hours. With a circulating supply of 659 million RON tokens, the current market capitalization stands at **$321.708 million. The 24-hour trading volume is approximately 18 million, reflecting active market participation.
Key Price Metrics
- 24-Hour Low: $0.482
- 24-Hour High: $0.624
- All-Time High (ATH): $4.45
Historical Price Performance
Analyzing historical trends helps contextualize current price movements. Here’s a snapshot of Ronin's performance over different periods:
- Last 30 Days: The price decreased by approximately -18.30%, a change of $-0.10906.
- Last 60 Days: A milder decline of -3.36%, equating to $-0.01695.
- Last 90 Days: The token saw a more significant drop of -25.19%, a change of $-0.164.
These fluctuations are common in the volatile crypto market and are influenced by broader market sentiment, project developments, and adoption within the gaming ecosystem.
Comprehensive Market Data
A deeper look into Ronin's market statistics provides a clearer picture of its position and activity.
- Market Cap Ranking: #218
- 24-Hour Trading Volume: 18M RON
- Circulating Supply: 659M RON (reflecting a +65.92% change in supply)
- Max Total Supply: 1,000,000,000 RON
- Fully Diluted Market Cap: $488 million
The increase in circulating supply is a key metric to watch, as it can impact price through inflationary pressures.
Factors Influencing Ronin's Price
The price of RON is influenced by a combination of factors unique to its ecosystem and the broader market:
- Gaming Ecosystem Growth: The success and user adoption of games built on Ronin, primarily Axie Infinity, directly impact demand for RON.
- Network Utility: The use of RON for gas fees, staking, and governance creates inherent value based on network usage.
- Overall Crypto Market Sentiment: Bullish or bearish trends in major cryptocurrencies like Bitcoin and Ethereum often trickle down to altcoins like RON.
- Investor Sentiment: News, partnerships, and technical upgrades related to the Ronin network can trigger positive or negative price movements.
- To gain a deeper understanding of these market dynamics and explore advanced analytical tools, you can view real-time market analysis tools here.
Ronin (RON) Price Prediction
Attempting to predict the future price of any cryptocurrency is inherently speculative. Price forecasts are based on technical analysis (chart patterns, indicators), fundamental analysis (project development, adoption rate), and market sentiment. These predictions often project potential value ranges for various timeframes, such as 2025, 2026, and beyond.
It is crucial for any investor to conduct their own thorough research (DYOR) and consider predictions as one of many data points, not as financial advice. The crypto market is highly volatile, and numerous unforeseen variables can drastically alter a token's trajectory.
Frequently Asked Questions
What is Ronin (RON) used for?
RON is the native utility token of the Ronin blockchain. Its primary uses include paying for transaction fees (gas) on the network, staking to help secure the network and earn rewards, and participating in governance decisions that shape the future of the ecosystem.
How can I buy Ronin (RON)?
RON is available for purchase on several major cryptocurrency exchanges. The process typically involves creating an account on a supporting exchange, completing any necessary verification, depositing funds (either fiat currency or another cryptocurrency like USDT), and then executing a trade to buy RON.
What caused Ronin's all-time high price of $4.45?
The all-time high was likely reached during a period of peak hype and adoption for play-to-earn gaming, particularly Axie Infinity. Massive user growth, high yields, and a generally bullish crypto market in late 2021 contributed to this price peak.
Is Ronin a good long-term investment?
The long-term potential of Ronin is tied to the success and sustainable growth of its gaming ecosystem. While it has proven utility and a strong use case, its investment viability depends on broader adoption of blockchain gaming, continuous development, and overall market conditions. Always assess your risk tolerance.
What is the difference between circulating supply and max supply?
Circulating supply refers to the number of tokens that are currently publicly available and circulating in the market. Max supply is the absolute maximum number of tokens that will ever be created for that cryptocurrency. For RON, the max supply is capped at 1 billion tokens.
Where can I store my RON tokens safely?
You can store RON in any wallet that supports the Ronin network, such as the official Ronin Wallet browser extension or mobile app. For enhanced security, consider using a hardware wallet that integrates with these software solutions for storing your private keys offline. For a secure way to manage your assets, explore more secure storage strategies here.