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Ronin Network Increases its Value on Binance: RON Cryptocurrency Exceeds $3 USD

The price of RON, the native currency of the network supported by Axie Infinity, experiences a rise after its listing on Binance, the main cryptocurrency exchange.

The Ronin (RON) cryptocurrency, developed by the Axie Infinity team, has seen a notable increase in its price, surpassing the $3 USD mark for the first time since its launch. This boost is attributed to its recent listing on Binance, one of the most prominent exchanges in the market, as of February 5.

Positive Aesthetic Change: The recent aesthetic modification to Ronin Network addresses, adopting the 0x format similar to Ethereum, received a positive response from the market.

Price Impact: Following the implementation of this change, the RON price initially experienced a 25% drop, dropping to $2.7 USD.

Revitalization with Binance: The announcement of the listing of RON on Binance has revitalized the cryptocurrency, keeping its price in a range between $2.9 and $3 USD.

New Trading Pairs: Binance has introduced new trading pairs for RON, including RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY.

Market Validation: Visibility on Binance not only facilitates the acquisition of RON for a broader audience, but also validates the cryptocurrency's position in the market.

Ronin Network stands out not only as an Ethereum sidechain, but as an entity with its own accounting.

Additionally, it seeks to provide an efficient infrastructure for transactions related to Axie Infinity and other play-to-earn style games. The community is looking forward to how this push will impact Ronin's future in the crypto ecosystem.