Ronin is a sidechain of Ethereum, crafted for developers building games with player-owned economies. It was launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity.
Ronin is built with Web3 gaming in mind and is highly scalable with the security offered by Ethereum mainnet. The Ronin community also offers game developers an active community as the audience.
The platform also emphasizes decentralization, allowing community members to participate in governance. The ecosystem token for the Ronin blockchain is known as RON. The token enables users to pay for transactions on Ronin and participate in securing the network via staking.
In this article, I will give a brief explanation of the Ronin blockchain platform and its native token RON. I will list down the major features of the platform, and the market dynamics of the token. I will also discuss the expected future prices of RON and tell you where and how you can buy these.
Let’s go right to it without any delay.
Ronin Key Features
| Scalability | Ronin is optimized for speed and the creators claim near-instant transactions. This is a big improvement from the raw Ethereum experience and hence provides better gameplay. |
| Reduced Fees | Ronin significantly reduces transaction fees for Axie players, making it more accessible. |
| Focus of Web3 | Ronin is rigorously tested and optimized for gaming. This eliminates unnecessary elements found in other general utility blockchains. |
| Environmental Friendly | Ronin transactions are infinitely more resource-efficient compared to major blockchains. It takes only about a billionth of the energy expended in one Bitcoin transaction. |
| Axie Infinity Assets | Ronin also acts as the home for all Axie Infinity assets, including Land. |
| DEX Katana | Ronin has a decentralized exchange (DEX) called Katana, built into it. This allows users to trade their tokens within the Axie Infinity ecosystem. |
Ronin (RON) Tokenomics
The max and total supply of RON is 1,000,000,000 and only 300,000,564 of those are in circulation.
RON tokens were first unlocked on January 27, 2022. The initial token distribution was as follows:
Rewards: 25%
Community incentives: 30%
Sky Mavis: 30%
Ecosystem fund: 15%
Ronin (RON) Past Performance
Back when it was first listed in January 2022, RON opened trading at around $3.5. Within the next 6 months, the token’s price crashed to less than $0.3. Though RON displayed signs of recovery during the crypto bull market cycle in 2021, the momentum has worn out with the cycle.
However, toward the end of 2023, this gaming token has strongly rebounded from its lows, hitting a one-year last week.
Currently, RON is traded at $2.88, making up a market capitalization of $862 million, down by 4.5% from yesterday. At $69 million, the 24-hour trading volume is 113.3% up.
Ronin (RON) Price Prediction 2024
As per the forecasts of our quantitative analysts, the price of Ronin, in 2024, would not go below $1.15. The price roof is set at $2.09.
The expected average trading price is around $3.03. The upper price target offers a potential return on investment of 31% compared to today’s price.
Ronin (RON) Price Prediction 2025
Analyzing the crypto market trends in the previous years, our experts think that in 2025, the price of RON will fall between $5.98 and $7.17, averaging $6.19.
Ronin (RON) Price Prediction 2030
The technical analysis by our experts suggests that by the year 2030, RON will be traded between $39.39 and $45.92, averaging around $40.49 during the year.
Where to Buy Ronin (RON)?
You can buy RON from Binance, OKX, Gate.io, Katana, BingX, MEXC, etc.
How to Buy Ronin (RON)?
To make things as straightforward as possible, I will lay down the steps to buy RON from Binance.
- Start by creating a free account on Binance. You can either use the Binance website or through the smartphone app. Also, verify your identity to start trading.
- Click the ‘buy crypto’ link at the top and get USDT tokens. You can use your credit card or debit card for the same.
- On the search box, type RON/USDT and enter the number of tokens you want to buy.
- HIt ‘buy’ followed by ‘confirm’.
- Once the transaction is complete your RON tokens will reflect on your Binance wallet.
Conclusion
Ronin is a web3 gaming-specific blockchain ecosystem. The developers, Sky Mavis, are backed by top investors like Accel, a16z, Binance Labs, and Mark Cuban. Since its inception, the platform has attracted a loyal community of developers and gamers.
The platform’s gas token RON has been doing poorly in the market for a while but since the end of last year, it has started to unlock its potential. Our analysts are bullish on the token for the foreseeable future.
Setting aside the speculations, we still think that one should approach the crypto market with a steady dose of prudence. Owing to its novel nature, the market for crypto assets is yet to achieve price stability.
Small changes in market conditions can make gargantuan impacts on virtually unrelated assets. Hence the reader is advised to exercise caution while setting foot in this territory.
Related Articles: Tez (XTZ): Price Prediction 2024, 2025, 2030, Where To Buy, Is It A Good Investment?
