What is the historical highest price and historical lowest price of RON coin?

The earn-while-playing model has given rise to many multiverse projects, and the Ronin project is one of them. Ronin is an Ethereum-based sidechain designed to be a gaming platform. As the native token of Ronin network, RON coin has also attracted the attention of investors in the currency circle. Especially in 2024, the project has developed significantly, and the continuous price rise has exceeded the historical high price. Some investors want to know the highest and lowest price in history of RON coins? According to official data, the historical highest price of RON coin is 4.4551 US dollars, and the historical lowest price is 0.1977 US dollars. The editor will tell you in detail below.

#What is the highest and lowest price in history of RON coins?

According to official data, the historical highest price of RON coin is 4.4551 US dollars, which appeared on March 26, 2024, and the historical lowest price is 0.1977 US dollars, which appeared on November 21, 2022.

RON is the native token of the Ronin blockchain and a key component of the ecosystem developed by SkyMavis for AxieInfinity. The launch of RON significantly enhances the functionality of the Ronin sidechain, specifically facilitating low-cost, efficient token exchange through the decentralized exchange Katana. This innovation solves the problem of high gas fees associated with Ethereum.

As Ronin evolved into a Delegated Proof of Stake (DPOS) network in March 2023, RON’s utility expanded to staking. Users can now stake RON with network validators to earn rewards, increasing its versatility within the Ronin ecosystem. Although liquidity providers and other network supporters receive some free transactions every day, most users require RON to pay transaction fees on the network.

RoninNetwork is an innovative Ethereum Virtual Machine (EVM) compatible blockchain conceptualized by SkyMavis, the creator of AxieInfinity. Ronin aims to revolutionize the blockchain gaming experience and solve key issues such as Ethereum’s high gas fees and slow transaction speeds. This focus not only enhances AxieInfinity's playability, but also makes Ronin a key player in the Web3 gaming space.

How long will it take for RON coins to be issued?

According to existing data records, the issuance time of RON coin is January 27, 2022, and the issuance price is still unknown. Ronin is designed specifically for blockchain gaming, acting as a sidechain connected to Ethereum. Games within its ecosystem use RON tokens for in-game purchases, such as NFTs. With RoninBridge, users can smoothly transfer in-game assets to the Ethereum mainnet and convert game earnings into cryptocurrency. Ronin has quickly become the center of some of the most engaging and innovative blockchain games, all of which offer unique experiences and take advantage of the network’s efficient transaction capabilities.

Ronin initially ran under Proof-of-Authority (PoA) consensus and later transitioned to Delegated Proof-of-Stake (DPoS) to increase decentralization. This transition allows anyone holding a large amount of RON tokens to become a validator, increasing the network’s accessibility and increasing its decentralization. The platform encourages user participation by allowing users to become validators or delegators, secure the network and earn rewards.

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