Ronin (RON), an EVM-based blockchain for play-to-earn games, noted a nearly 70% decline in its overall price analysis. The well-known game built on Ronin is Axie Infinity, a digital collectibles game. Axie Infinity has AXS token that noted massive price gain in its all-time of price performance. However, in the last 24-hours AXS noted nearly 6% of decline in its trading price, and was trading at $6.20.
Ronin Price Analysis
At press time, the price of Ronin (RON) is trading at $1.04 with a 24-hour trading volume of $3.64 Million. RON is down 2.07% in the last 24 hours, with a current market cap of $230.26 Million. In the last 24-hours, RON noted low at $1.03 and high at $1.06. Meanwhile, in one day, the coin noted nearly 1.80% of decrease, which further shows just 0.13% of decline in recent 7-days.
As per the data sourced from CoinMarketCap (CMC), in its all-time of price performance, RON traded below the price range of $0.50 from mid-May 2020 till the beginning of this year.
Furthermore, Gate(dot)io has just shared a tweet in which it added that “it will support the upcoming RON upgrade.” As per the official article by Gate(dot)io, it added that “according to the Ronin (RON) team, “the mainnet upgrade Hatsuneis scheduled on block height 24935500, approx June 13th, 2023 at 05:00 UTC.” Meanwhile, Gate(dot)io will support this upgrade and will also suspend Ronin (RON) deposits and withdrawals during the upgradation process.
📣 https://t.co/8kWqgEeplL Supports Upcoming $RON Upgrade. @Ronin_Network
👉 Details: https://t.co/Z5BLTUvCHi #Gateio #gateiosupport #RON pic.twitter.com/3hreUmiQDX
— Gate.io (@gate_io) June 8, 2023
However, deposits and withdrawals will be resumed as soon as possible after the upgrade. Additionally, the trading for RON will not be affected, as mentioned in the article.
The Global Crypto Market Analysis
According to CMC, the global crypto market cap is $1.1 Trillion, showing a 1.30% decrease over the last day. The total crypto market volume over the last 24 hours is $36.1 Billion, which makes a 25.03% decrease. At the time of writing, the total volume in decentralized finance (DeFi) is $2.56 Billion, 7.10% of the total crypto market 24-hour volume. The volume of all stable coins is $33.81 Billion, which is 93.65% of the total crypto market 24-hour volume.
The dominance of the most traded cryptocurrency by market cap, Bitcoin (BTC) is currently 46.53%, an increase of 0.23% over the day.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/06/08/ronin-ron-coin-price-analysis-showing-little-price-decline/