Key Takeaways
After operating at under $2 for the better part of four months, Ronin’s RON token shot up in late November 2024. The crypto, which supports a gaming platform, is now attempting to match its all-time high, set in March this year.
Meanwhile, on Dec. 15, Ronin announced it would use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to help secure its cross-chain activity.
On Dec. 16, 2024, RON was worth about $2.15.
Let’s now examine our Ronin price prediction. We’ll also examine Ronin’s price history and explain what it is and does.
Let’s analyze some of the Ronin price predictions CCN made on Dec. 16, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
Minimum RON Price Prediction | Average RON Price Prediction | Maximum RON Price Prediction | |
---|---|---|---|
2025 | $3.20 | $4.10 | $5 |
2026 | $2.15 | $2.70 | $3.35 |
2030 | $4.80 | $6 | $7.20 |
The most likely RON wave count suggests the price has started the fifth and final wave of an upward movement that started in June 2022. The most likely target for the top of this increase is $5.56. The target is created by giving wave five the same length as waves one and three combined. The same target is reached by drawing an ascending parallel channel connecting the lows of waves two and four and projecting them to the top of wave three. Using a Fibonacci time zone tool on the increase suggests the high will be reached in June 2025. Then, RON can begin a lengthy downward movement. During these projected upward and downward movements, the wave count method gives RON price predictions of $4.10 and $2.70 for the end of 2025 and 2026, respectively.
Then, we can use the rate of increase for the last year to make a RON price prediction for the end of 2030. Doing so gives a target of $6.
The wave count method gives a RON prediction range of $3.20 to $5 for the end of 2025.
The wave count method gives a RON prediction range of $2.15 to $3.55 for the end of 2026.
The rate of increase for the last year gives a RON price prediction range of $4.80 to $7.20 for the end of 2030.
The weekly time frame RON chart shows that the price has increased since falling to a low of $1.23 on Aug. 5. In November, the RON price completed a double bottom pattern (white icon), confirming the $1.40 area as support.
The Ronin price has increased since, breaking out from a descending resistance trend line. The trend line has existed since the all-time high, so the breakout could mean the downward trend is over. RON reached a high of $2.45 in December before falling slightly.
The main resistance area is at $2.50. This is both a horizontal resistance and the 0.382 Fibonacci retracement resistance level. The road to an all-time high would be relatively clear if the RON price breaks out above it.
Technical indicators are bullish, indicating the RON price will break out. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have generated bullish divergences (MACD) and are increasing. Also, both are above their bullish thresholds at 50 and 0, respectively.
Therefore, the weekly time frame predicts a bullish RON breakout above $2.50.
The RON price prediction for the next 24 hours is bullish. RON will likely find support and break out from the $2.50 horizontal resistance area.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 16, 2024, Ronin’s ATR was 0.2, suggesting average volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 16, 2024, the Ronin RSI was at 56, indicating bullish conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 16 2024, Ronin scored 41.3 on the CCN Index, suggesting average momentum.
Current Price | One Year Ago | Price Change | |
Ronin | $2.15 | $1.69 | +27.2% |
Render | $9.05 | $4.83 | +87.3% |
Axie Infinity | $7.50 | $7.32 | +2.45% |
NEAR Protocol | $6.65 | $2.44 | +172% |
We looked at Ronin’s price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy RON.
Day of the Week | Saturday |
Week | 3 |
Month | January |
Quarter | Fourth |
Let’s now examine some key dates in the Ronin price history . While past performance should not be taken as an indicator of future results, knowing what the token has done can give us useful context when making or interpreting a RON price prediction.
Time Period | Ronin Price |
---|---|
Last week (Dec. 9, 2024) | $2.33 |
Last month (Nov. 16 2024) | $1.50 |
Three months ago (Sept. 16, 2024) | $1.46 |
One year ago (Dec. 16, 2023) | $1.69 |
Launch price (January 28, 2022) | $3.58 |
All-time high (March 13, 2024) | $4.50 |
All-time low (Nov. 21, 2022) | $0.1976 |
The market capitalization, or market cap, is the sum of the total RON in circulation multiplied by its price.
On Dec. 16, 2024, Ronin’s market cap was $797 million, making it the 126th-largest crypto by that metric.
Supply and distribution | Figures |
---|---|
Maximum Supply | 1,000,000,000 |
Circulating supply (as of Dec. 16, 2024) | 370,317,352 (37.03% of total supply) |
<h2 “>From the Ronin Whitepaper
In its technical documentation or whitepaper , Ronin says that at launch, Ronin used Proof of Authority (PoA) as its consensus protocol. In PoA systems, transactions and blocks are validated by approved accounts known as validators. The PoA protocol, however, is often criticized for being less decentralized than Proof of Stake (PoS) and Proof of Work (PoW).
As the next step toward decentralization, Ronin integrated the Delegated Proof of Stake (DPoS) features, such as delegation and validator selection, while retaining an element of PoA.
RON is the native coin of Ronin , an Ethereum-based sidechain developed by Sky Mavis. It was initially designed to run the Axie Infinity (AXIE) game. Axie Infinity is an NFT-based game.
The $RON Token is the ecosystem token for the Ronin platform. It enables users to pay for transactions on Ronin and participate in securing the network via delegation to validators. Different apps built on Ronin are planned to add further utility.
It is hard to say. The token’s price increased recently, but we don’t know how sustainable the recent upturn is.
On the other hand, there are good reasons for Ronin’s recent movements, with new developments getting investors’ attention.
As always with crypto, you should do your own research before deciding whether or not to invest in RON.
No one can really tell right now. While the Ronin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Ronin, you will have to do your own research on RON and other coins and tokens such as Ordinals (ORDI). Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our Ronin price predictions do not see RON reaching $10 until at least the 2030s, if it ever does.
The RON token supports Ronin, a platform designed specifically for play-to-earn games. People can also buy, sell, and trade it on exchanges.