Ronin (RON) rally explained: Coinbase listing, L2 upgrade and supply shock

Share

Ronin (RON) has surged sharply over the past 24 hours, climbing 35.8% to $0.1233 and outperforming a largely flat crypto market. The rally pushed the token to an intraday high of $0.1365 from a low of $0.08542. Ronin price chart | Source: Coingecko The move came alongside a massive increase in trading activity, with 24-hour volume rising by over 2300% to above $82 million. This spike follows a combination of major developments tied to the Ronin ecosystem, including a Coinbase listing, a major tokenomics overhaul, and the network’s completed migration to an Ethereum Layer-2 rollup. Coinbase listing boosts access to RON One of the main catalysts behind the rally was the listing of wrapped RON (wRON) on Coinbase.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles