What's ahead for Ronin?
Key Takeaways
- Ronin’s RON token reached $3 for the first time in two years in early 2024.
- The price has almost halved since then.
- Ronin recently launched an airdrop campaign offering participants $500.
- One price prediction says it may reach $4.31 next year.
Ronin did not respond to a request for comment.
Let’s now take a look at our Ronin price prediction. We’ll also examine Ronin’s price history and explain a little about what Ronin is and what it does.
Ronin Price Prediction
Let’s analyze some of the Ronin price predictions CCN made on Aug. 22, 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 | |
|---|---|---|---|
| 2024 | $1.51 | $2.80 | $3.68 |
| 2025 | $3.61 | $4.20 | $4.31 |
| 2030 | $11.34 | $12.25 | $12.53 |
Ronin Price Prediction for 2024
If the positive momentum continues and RON breaks above its moving averages, it could reach targets between $1.51 and $3.68 by the end of 2024, with the average price set at $2.80.
Ronin Price Prediction for 2025
Technical analysis suggests a potential increase for Ronin in 2025. The minimum RON price expected for 2025 is $3.61, while the maximum is $4.31. On the other hand, the average forecast suggests it may reach $4.20.
Ronin Price Prediction for 2030
Based on technical analysis, the RON token may reach a maximum level of $12.53 at the beginning of the next decade, while, in the worst scenario, it may go to $11.34. Meanwhile, the average expected price is $12.25.
Ronin Price Analysis
Ronin’s technical indicators present a mixed picture of the token’s short-term prospects. While some indicators suggest a sell recommendation, others remain neutral, highlighting the complexity of assessing the token’s current market position.
The RSI and Stochastic Oscillator, both below 50, generally indicate oversold conditions. However, the Stochastic RSI’s reading above 84 suggests that the market may be overreacting to recent price declines. The MACD’s negative value further reinforces the bearish sentiment.
On the other hand, the ADX’s neutral reading suggests that the current trend, whether bullish or bearish, may not be particularly strong. Additionally, the Williams %R and CCI values remain within neutral zones, indicating no clear directional bias.
The high ATR value highlights the token’s volatility, suggesting that significant price swings are possible soon. Investors should exercise caution and carefully consider these mixed signals before making any investment decisions.
Short-Term Ronin Price Prediction
Based on our latest Ronin price prediction, the token’s value is expected to remain flat and decline by 12% in the next 24 hours, reaching $1.479541 by Sept. 21, 2024.
The overall market sentiment is Neutral, and the Fear & Greed Index stands at 39, indicating Fear. Over the past 30 days, Ronin has seen positive movement on 12 out of 30 days (40%), with a price volatility of 14%.
Given this outlook, now may be an opportune time to consider purchasing Ronin.
Ronin Relative Strength Index (RSI): Is RON Oversold or Undersold?
Ronin Price Performance Comparisons
| Current Price | One Year Ago | Price Change | |
| Ronin | $1.68 | $0.5879 | +189% |
| Render | $4.93 | $1.4542 | +250% |
| Beam | $0.01514 | $0.004792 | +208% |
| NEAR Protocol | $4.24 | $1.2091 | +274% |
How Do We Make A Ronin Price Prediction?
Our price prediction for Ronin combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases. Applied to the Ronin-specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
Best Days and Months to Buy Ronin
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 |
RON Price History
| Time Period | Ronin Price |
|---|---|
| Last week (Aug. 15, 2024) | $1.5308 |
| Last month (July 22, 2024) | $2.2748 |
| Three months ago (May 22, 2024) | $3.1311 |
| One year ago (Aug. 22, 2023) | $0.5879 |
| Launch price (January 28, 2022) | $3.5806 |
| All-time high (March 14, 2024) | $4.4140 |
| All-time low (Nov. 23, 2022) | $0.2095 |
Ronin Market Cap
The market capitalization, or market cap, is the sum of the total RON in circulation multiplied by its price. On Aug. 22, 2024, Ronin’s market cap was $580.9 million, making it the 102nd largest crypto by that metric.
Ronin Supply and Distribution Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 1,000,000,000 |
| Circulating supply (as of Aug. 22, 2024) | 345,069,723 (34.5% of total supply) |
From the 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.
Ronin (RON) Explained
How Ronin Works
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. Further utility is planned to be added via different Apps built on Ronin.
Is Ronin a Good Investment?
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.
Will Ronin go up or down?
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, too, that prices can and do go down as well as up.
Should I invest in Ronin?
Before you decide whether or not to invest in Ronin, you will have to do your own research, not only on RON but on other coins and tokens such as Ordinals (ORDI). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
FAQs
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
