With the addition of RONIN to the Binance listing, the native token of the Ronin network made substantial strides forward.
Binance, the preeminent cryptocurrency exchange globally, recently disclosed its intentions to incorporate the native token of the Ronin network into its platform, garnering significant interest within the international crypto community.
Ronin, a gaming-oriented Ethereum sidechain network, makes further strides in its cryptographic endeavor with this listing, igniting speculation among crypto market devotees worldwide.
The Ronin Listing Surfaces as DAU Rises
As per the statement issued by Binance, spot trading pairs for RONIN are scheduled to commence on the CEX on February 5 at 15:30 UTC. On the cryptocurrency trading platform, RONIN/TRY, RONIN/USDT, and RONIN/FDUSD will be listed as pairs.
In addition, users are now able to initiate token deposits in anticipation of trading, and token withdrawals will be extended until February 6 at 13:30 UTC. Significantly, the listing fee is specified at 0 BNB, as confirmed by Binance. The seed identifier is also appended adjacent to the token to signify the considerable volatility and peril that encircles the gaming token.
In recent days, the token’s DAU (Daily Active Users) chart has also exhibited an extraordinary surge, indicating a heightened level of activity on the network.
The token’s listing on Binance, which followed the surge in DAU, corresponds with its burgeoning prominence. Nonetheless, market charts for the token indicate that its value plummeted shortly after Binance’s listing.
RONIN Price Drops
As of the time of writing, Ronin’s price had decreased by 18.50 percent since Binance’s listing announcement broke on the cryptocurrency horizon. According to TradingView data, Ronin’s current price is $2.84, with a market capitalization of $831.99 million and a 24-hour trading volume of 96.98 million.
In the interim, market sentiments are becoming adverse as the token’s price rapidly declined following Binance’s listing announcement. Nonetheless, the cryptocurrency community anticipates a significant price movement in response to the announcement, as Binance’s token publication jacks it up.
