$RONIN Current price: RON is trading around $0.18–$0.19 per token.
Market cap & supply: Circulating supply is roughly 720–734 million RON (out of a max 1 billion), giving RON a market cap in the low hundreds of millions of USD.
Price history context: RON remains far below its all-time high (~ $4.45 in 2024) — meaning it sits roughly 95% below peak value.
Recent Developments & Why Some Are Watching RON Again
The Ronin Network recently announced a buyback program: converting treasury assets (ETH + USDC) worth about $4.5–4.6 million into RON, targeting approximately 1.3–2% of RON’s circulating supply.
That buyback led to a short-term price uptick (some sources say ~15%), though that rally faded quickly — a reminder of RON’s volatility.
On the utility front: Ronin recently integrated a fiat-to-crypto gateway via Transak, letting users buy RON and related assets directly with credit/debit cards — potentially lowering friction for new users and boosting on-chain activity.
Risks & What Remains to Be Proven
Despite buybacks and improved accessibility, RON’s long-term value depends heavily on adoption — i.e. more games/apps building on Ronin, more users, more demand. Without that, buybacks alone likely won’t sustain growth.
The token is still very far from its former highs. Recovery to previous levels (or even modest growth) would require sustained ecosystem growth, not just speculative spikes.
Crypto in general — and altcoins like RON in particular — remain highly volatile and risky. Price swings can be dramatic, and external factors (market sentiment, crypto-wide trends) will heavily influence RON.
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