Ronin (RON) Price Prediction – 2023, 2025, 2030
Ronin (RON) Overview
|💱 Ticker Symbol||RON|
|💸 Market Cap||$0|
|🚀 Trading Volume||$1,350,818|
|📈 Price Change (24h)||2.35%|
|💰 Current Supply||0|
- Bullish Ronin (RON) price predictions range between $3.89 and $7.36 by 2030.
- Market analysts believe RON could reach $3.03 by 2025.
- Bearish Ronin market price prediction for 2023 is $0.692432.
Ronin (RON) Introduction
Cryptocurrencies are still in their early stages at the moment, and there is a lot of optimism around them. An investment frenzy in these digital assets has resulted from the potential of an all-digital future.
However, as demand and popularity have grown, so too have the values of cryptocurrencies, making them quite erratic. It becomes challenging to forecast the future price of a token in such a situation. Nevertheless, we can anticipate the price of Ronin reasonably by looking at previous pricing data and the project’s basic characteristics.
If you’re looking for a comprehensive and well-researched RON token price prediction, look no further! In this article, we’ll analyze the project’s past price movement and fundamentals, as well as present a thorough Ronin price forecast for some years.
What is Ronin (RON)?
Ronin (RON) is a Play-to-Earn gaming platform that is quickly gaining popularity in the gaming industry. Built on the Ethereum Virtual Machine (EVM), Ronin provides a blockchain infrastructure for Play-to-Earn games. The most popular game built on Ronin is Axie Infinity, a digital collectible game that is one of the biggest Play-to-Earn games on the market.
Axie Infinity has been growing rapidly since it first launched on the Ronin network. In its first month, it experienced a 300% month-on-month increase in NFT trading volume, a 180% increase in monthly unique NFT traders, and a 131% increase in daily active battlers.
Ronin (RON) Fundamental Analysis
Ronin is a blockchain protocol that enables true Play-to-Earn games and apps. The protocol provides the infrastructure for developers to create perfectly verifiable games and apps that run exactly as programmed and that are truly playable by anyone, anywhere.
Ronin is built on the Ethereum Virtual Machine (EVM), making it compatible with all existing Ethereum tools and wallets. Ronin is powered by a native ERC-20 token, RON, which is used to fuel transactions on the network.
Ronin is similar to other layer 1 blockchains. It uses a multi-sided platform business model, which connects two or more interdependent user groups with comparable economic goals by serving as an intermediary.
A multi-sided platform’s business model acts as a facilitator. They don’t produce the goods or the content, and they don’t carry out the service themselves. Their main duty is to serve as mediators and promote communication between network users and stakeholders.
Ronin is a blockchain platform that offers cheap and fast transactions, simplified onboarding for new users, and the ability to withdraw assets back to the Ethereum mainnet.
Fast and Affordable Transactions
Because of its confirmation time of 2-3 seconds, Ronin is perfectly suited to a game like Axie that needs a high frequency of transaction confirmations. This makes maintaining the game’s functionality simple and economical.
Even if they are unfamiliar with cryptocurrencies, new gamers can easily get started with Ronin because of its native wallet and fiat on-ramp. This lowers the entrance barriers and makes it simple for bitcoin beginners to get started.
Withdraw to the main Ethereum network
Players can effortlessly withdraw their Axie funds back to the Ethereum mainnet using Ronin’s bridge. This enables users to simply exchange tokens for other cryptocurrencies and profit from the wins they generate while playing the game.
RON is the native token of the Ronin blockchain. On the Katana DEX, the Ronin token was launched. It is intended to be used as a quick and scalable token on the Ronin Network. An incentive-based liquidity program that is used to distribute Ronin: 30% of the total supply is reserved for the community, 30% for the team, 15% for the ecosystem fund, and 25% for staking rewards.
Founders and Team
CEO of Sky Mavis, Trung Nguyen, founded Ronin. He previously worked as a software programmer at Anduin Transactions and co-founded Lozi, a social network for food bloggers.
Aleksander Leonard Larsen, COO, served as Secretary of the Board of Directors of Blockchain Game Alliance and had expertise in the blockchain gaming sector.
CTO Viet Anh Ho: Viet Anh worked as an intern for PayPal and Google in the past. At Anduin Transactions, he worked on the same team as the company’s CEO, Trung Nguyen.
The Sky Mavis team is the same team that runs the Ronin Network. The Ronin team is focused on building a robust ecosystem around its token that can be used for a number of applications.
Ronin is a Proof-of-Authority (PoA)-based sidechain that is interoperable with Ethereum. Because validators are chosen by the team based on their reputation, PoA is a reputation-based consensus method with a somewhat centralized aspect.
One of the validators on Ronin is Binance, along with Ubisoft and Animoca Brands. They oversee the creation and verification of blocks, the updating of pricing oracles, and the approval of asset deposits and transfers to and from Ronin. The addition and deletion of other validators is similarly governed by validators.
Axie Infinity, Ronin Network, and other VCs received $152 million in funding in the most recent round from investors including a16z, Paradigm, FTX, and Libertus Capital to support its expansion and development.
Ronin (RON) Current Price
Ronin is currently worth $0.86554 USD. RON has moved 2.35% in the last 24 hours with a trading volume of $1,350,818. Ronin is currently ranked 2756 amongst all cryptocurrencies with a market capitalization of $0 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Ronin (RON) to decide wether it is going to have a bullish or bearish year.
Ronin (RON) Price Prediction
Analyzing historical data reveals that the price of RON is unstable and prone to crash. Although these crashes usually result in price recovery and new highs. So, despite the price’s continued volatility, we think it will eventually hit new highs.
The success of Axie Infinity and other Play-to-Earn games is projected to drive strong growth for Ronin in the coming years. The RON token’s minimum price value, average trade price, and maximum price value are all predicted to grow steeply over the next several years.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Ronin (RON) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Ronin (RON) Price Prediction 2023
Ronin, according to some, is one of the most amazing cryptocurrencies to rise this year (RON). The RON price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $1.30.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $1.21 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. RON is expected to have a minimum value of $1.04.
Ronin (RON) Price Prediction 2024
In 2024, Ronin RON price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of RON will soon surpass $2.16. However, we should wait to see if the RON’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, RON will trade with a minimum trading price of $1.73 and an average trading price of $1.90.
Ronin (RON) Price Prediction 2025
If the upward trend continues until 2025, it could reach $3.03 and RON may profit. If the market experiences a decline, the goal may not be met. RON is expected to trade at an average price of $2.77 and a low of $2.60 in 2025.
Ronin (RON) Price Prediction 2026
If Ronin successfully boosts market sentiment among cryptocurrency enthusiasts, the RON coin price could remain stable for the next five years.
According to our projections, RON will be green in 2026. The RON is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $3.89, with a minimum price of $3.46 and an average price of $3.64.
Ronin (RON) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the RON price is expected to cross an average price level of $4.50 by 2027, with a minimum price of $4.33 expected before the end of the year. Furthermore, RON has a maximum price value of $4.76.
Ronin (RON) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $5.37. If RON manages to break the resistant level in 2028, we could see a maximum price of $5.63, failing to gather the support RON needs by 2028 could result in a low of $5.19.
Ronin (RON) Price Prediction 2029
While RON is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $6.06 and a yearly price close above $6.49 in 2029.
Ronin (RON) Price Prediction 2030
By 2030, Ronin will finally surpass its previous ATH values and record new price levels. The minimum price could be $6.92 and potentially reach a maximum price value of $7.36, averaging out at $7.10.
Ronin (RON) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum RON price in 2031 is projected to be $8.48 in the event of a bull run, with an average price level of $8.14.
Sky Mavis wants Ronin to be the go-to place for releasing NFT games from other creators as well as Axie-related games. By opening up its validator application process in 2022, Ronin intends to further decentralize in order to accomplish this.
This will make it possible for more individuals to take part in the platform’s governance and will aid in ensuring that it continues to be the premier location for NFT gaming.
The Ronin platform offers a huge selection of Play-to-Earn games, proving that this blockchain is here to stay. Future prospects for Ronin and its native cryptocurrency, RON, are promising thanks to a solid base already in place.
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What is the Ronin (RON) price today?
Today, Ronin (RON) is trading at $0.86554 with a total market capitalization of $0.
Is Ronin a good investment?
Ronin proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that RON is a good choice of investment.
How high can Ronin go?
The average price of Ronin (RON) can possibly reach $1.21 this year. Over the next 5 years, it is projected that Ronin may surpass $5.63.
How much will Ronin be worth in 5 years?
Based on the rising popularity of cryptocurrency and Ronin, a long term investment in RON could see the price rise to $5.63 within the next 5 years.
How much will Ronin be worth in 10 years?
If you invest in Ronin today, as with any investment, a long term increase is expected. The price of RON could possibly rise to $10.99 within the next 10 years.
What will the Ronin price be in 2024?
Ronin (RON) price is expected to reach $2.16 by 2024.
What will the Ronin price be in 2025?
Ronin (RON) price is expected to reach $3.03 by 2025.
What will the Ronin price be in 2026?
Ronin (RON) price is expected to reach $3.89 by 2026.
What will the Ronin price be in 2027?
Ronin (RON) price is expected to reach $4.76 by 2027.
What will the Ronin price be in 2028?
Ronin (RON) price is expected to reach $5.63 by 2028.
What will the Ronin price be in 2029?
Ronin (RON) price is expected to reach $6.49 by 2029.
What will the Ronin price be in 2030?
Ronin (RON) price is expected to reach $7.36 by 2030.
What will the Ronin price be in 2031?
Ronin (RON) price is expected to reach $8.48 by 2031.