Ronin is likely to be the next BNB
As the founding holder of Ronin on the first day in early 2022, I decided to continue buying and holding Ronin for a long time after studying it for a long time. This article will analyze why I am optimistic about Ronin.
1. The initial traffic brought by Axie Infinity.
The most difficult part of any project is the initial marketing. Ronin easily got through the most difficult initial stage with the popularity of AXS and SLP. Now there are more than 400,000 daily active Ronin wallet users. It is very difficult to reach this level from scratch.
I was also an early player who joined Axie before it became popular. Currently, I still have more than 2,000 Axie and multiple lots of land in my wallet. I have watched the ups and downs of the entire project over the past four years.
2. The platform ecosystem is extremely complete, and you can see what they want to do next and why Binance invested. If you download the Ronin wallet, you can find that Ronin and the Binance team are laying out all the needs related to the game Gamefi on the Ronin wallet, including transactions, third-party cash inflows, independent chain game online platforms (all using Ronin coins), and new coins Lunchpad has recently partnered with a real-world payment company in the Philippines to make real-time payments using cryptocurrencies in the Ronin wallet. This game is really comprehensive.
3. After Binance joined, the stupid security theft incident that happened before has been repaired, the internal control has been improved, and the external marketing and public relations have been better. It is rare that the Sky Mavis team kept having parties on social platforms in the early days. The stupid image of the whole team has been improved.
For long-term investment in a project, Ronin Coin has achieved the following success conditions:
1. Rich dad’s financial support
2. Large number of users
3. Internal control and information security are better than most currencies (paid hundreds of millions in tuition fees)
4. Usage scenarios (a few cryptocurrencies that can be connected to reality)
5. Sufficient Gamefi developers and projects
6. Fast and cheap sidechains
Many projects have only achieved one of the above, or even achieved a super high valuation without even one of them. Even a bunch of Meme coins, I don’t know why I bought them, have a super high valuation.
Ronin has been holding back for so long before listing on Binance. I think they are ready. In the past two years, I have continued to observe their new services and teams. This is the Gamefi platform I am most optimistic about. The prototype of first-level movie players can be found on Ronin See.
My Ronin holding cost is 3.2. It has been HODL for two years. Based on the conservative and reasonable valuation after the ecosystem deployment is completed, it is about 40-50 billion US dollars. Therefore, my estimated target price of Ronin is 200. If it is integrated and used in virtual and real If the scenario is confirmed to be feasible, the valuation of more than 100 billion U is considered reasonable. The current valuation of Ronin coin is less than 800 million U, which is basically a treasure-like project. If you read this article and think it’s ridiculous, you can leave a message below to laugh at me now, and remember to come back and give me likes when it reaches 200.
