{"id":37623,"date":"2024-02-05T12:18:45","date_gmt":"2024-02-05T12:18:45","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/02\/05\/ronin-networks-ronin-token-tumbles-20-after-binance-listing\/"},"modified":"2024-02-05T12:18:46","modified_gmt":"2024-02-05T12:18:46","slug":"ronin-networks-ronin-token-tumbles-20-after-binance-listing","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/02\/05\/ronin-networks-ronin-token-tumbles-20-after-binance-listing\/","title":{"rendered":"Ronin Network’s RONIN Token Tumbles 20% After Binance Listing"},"content":{"rendered":"

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Binance, the world\u2019s main cryptocurrency change, not too long ago revealed plans to checklist the Ronin community\u2019s native token on its platform, nabbing noteworthy consideration throughout the worldwide crypto realm. With this itemizing, Ronin, an Ethereum sidechain community designed for gaming, advances additional with its cryptographic<\/a> enterprise, fueling speculations amongst crypto market lovers globally.<\/p>\n

Ronin Listing Emerges Amid DAU Rise<\/h2>\n

According to the assertion launched by Binance, the CEX<\/a> plans to start buying and selling for RONIN spot buying and selling pairs beginning February 5 at 15:30 UTC. The pairs RONIN\/BTC, RONIN\/USDT, RONIN\/FDUSD, and RONIN\/TRY will probably be listed on the crypto buying and selling platform.<\/p>\n

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Furthermore, customers can now begin depositing tokens in preparation for buying and selling, whereas withdrawals for a similar will probably be prolonged on February 6 at 13:30 UTC. Notably, the itemizing payment can also be set at 0 BNB, as per Binance\u2019s assertion. Moreover, the seed tag is added subsequent to the token, illustrating excessive volatility and riskiness orbiting the gaming token.<\/p>\n

Meanwhile, the token\u2019s DAU (Daily Active Users) chart additionally showcased an outstanding surge in latest days, portraying elevated exercise on the community. Binance itemizing, coming subsequent to the surge in DAU, seems to align with the token\u2019s burgeoning recognition.<\/p>\n

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However, market charts for the token painting a drop in value quickly after Binance\u2019s itemizing.<\/p>\n

Also Read: Giant Whale Dumps 33K Ethereum To Binance, ETH Crash Ahead?<\/a><\/strong><\/p>\n

RONIN Price Drops<\/h2>\n

As of writing, Ronin\u2019s value famous an 18.50% fall quickly after Binance\u2019s itemizing announcement surfaced over the crypto horizon. The Ronin value is at present buying and selling at $2.84, whereas its market cap totaled 831.99 million, and its 24-hour buying and selling quantity equaled 96.98 million, as per information by Buying and sellingView.<\/p>\n

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Meanwhile, with the token\u2019s value witnessing a plunge quickly after Binance\u2019s itemizing announcement, market sentiments seem like turning bearish. However, the crypto group awaits to see a considerable value motion shift following the announcement as Binance jacks up the token with its itemizing.<\/p>\n

Also Read: CoinDCX CEO Expects A Cut In India\u2019s Crypto Tax Rate After 2024 Elections<\/a><\/strong><\/p>\n

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CoinGape contains an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a reality reasonably than an opinion. CoinGape writers and reporters contributed to this text. <\/p>\n<\/p><\/div>\n

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