Token

Ronin

Million

<p><strong>Ronin’s total address has reached over 18.8 Million while its token price is ready to surge beyond its ATH.</strong></p>
<p>Ronin is an EVM-based blockchain created by Skymavis for gamers. It is one of the only blockchains that has proven to scale a single game to millions of users with over $4 billion NFT volume.&nbsp;</p>
<p>Ronin blockchain optimizes for near-instant transactions, which makes transactions inside a game seamless. In the first few months of launch, the platform gained massive success and reached over $5 billion in transactions, more than 15% of all NFT volumes in the market.</p>
<p>Ronin is one of the biggest battle-tested and scalable platforms with the potential to revolutionize the Web 3 market. Let’s have a look at Ronin Blockchain’s on-chain activity.</p>
<h2 class="wp-block-heading" id="strong-is-the-increasing-user-base-making-a-difference-for-ronin-strong"><strong>Is The Increasing User Base Making A Difference For Ronin?</strong></h2>
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 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="351" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-1024x351.png" alt="RON Token" class="wp-image-204538" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-1024x351.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-300x103.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-768x263.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-750x257.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65-1140x390.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-65.png 1492w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center">Vc holdings of Ronin by scan.0xscope.com&nbsp;</p>
<p>Ronin is one of the biggest platforms that has stood the test of time and proved its potential to be scalable. This has attracted a lot of VCs to invest in the platform.&nbsp;</p>
<p>The data shows FalconX owns over $1.5 million worth of tokens. Meanwhile, QCP Capital and Blocktower Capital own around $800k worth of RON tokens.</p>
<p>RON token holders have seen a surge of 3.35% and have reached 318,103, indicating better investor interest and community expansion. The sudden token holder’s surge can be airdrop-driven and might not necessarily guarantee a positive effect on the token price. Meanwhile, active users have also surged in the last three months, reaching nearly 112,007.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="406" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66-1024x406.png" alt="RON Token" class="wp-image-204539" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66-1024x406.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66-300x119.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66-768x304.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66-750x297.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-66.png 1047w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center">Ronin TVL by DefiLlama</p>
<p>Ronin is seeing a weak gain in its TVL, which is currently near $185.9 million. The overall core <a href="https://www.thecoinrepublic.com/2023/07/23/developers-face-ux-paradox-that-limits-mass-adoption-of-web3/" target="_blank" rel="noopener noreferrer nofollow">developers </a>on the platform have remained constant at nearly 9 for the past few weeks.&nbsp;</p>
<p>Meanwhile, CEX has observed a net outflow of $118,659 in the past week, which could be relatively bullish for the token price in the future. Many analysts are expecting strong growth in the platform’s on-chain activity.</p>
<h2 class="wp-block-heading" id="strong-is-ron-token-price-ready-for-5-strong"><strong>Is RON Token Price Ready For $5?</strong></h2> 
<p><a href="https://in.tradingview.com/chart/RONUSDT/gjlFM2c8</a> by <a href=" https: in.tradingview.com u ritika_tcr rel="noopener noreferrer nofollow">Ritika_TCR</a> on <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a></p> 
<p>Ronin comes under the L1 category, which has not seen any significant growth in the last seven days. Ronin has a market cap of $932 Million and is currently ranked 92nd in the CMC. RON token price is currently at $2.9, with a gain of 5.71% in the intraday session. The asset price is forming strong bullish, engulfing candles on the daily chart.&nbsp;</p>
<p>It is currently trading below the 50 and 100 EMA with an upcoming negative crossover in the future. A strong bullish momentum can be observed if the price jumps above the EMA. The upside trend of the asset price can halt near $3.3. The support for the RON token price can be seen near $2.5.</p>
<p>The RSI of RON is currently near 44, with a positive slope hinting at its presence in the neutral zone. The overall sentiment of the RSI is bullish. MACD of RON also hints towards a bullish trend for the future.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Ronin is one of the most prominent blockchains, and it has scaled its game to millions of daily active users. The platform is currently seeing a surge in active users with growth in overall holders. RON token price is currently in a weak bullish mode and can see a new high in the future.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

Is RON Token Price Ready To Break Its All Time High?

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