Binance announces RONIN token trading as Ronin Networkâs DAU surges, but token price drops after listing news.
Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On CryptosHeadlinesToken.com
Binance, the top cryptocurrency exchange, announced the listing of the Ronin networkâs token, attracting significant attention in the global crypto community. This move marks progress for Ronin, an Ethereum sidechain network focused on gaming, sparking speculation among crypto enthusiasts worldwide.
Binance Announces RONIN Token Listing
Binance, a leading cryptocurrency exchange, has announced the listing of the Ronin networkâs native token. Starting from February 5 at 15:30 UTC, Binance will commence trading for RONIN spot trading pairs, including RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY.
Users can now deposit tokens in preparation for trading, with withdrawals set to commence on February 6 at 13:30 UTC. Notably, Binance has waived the listing fee for RONIN, setting it at 0 BNB.
Binance has added a seed tag next to the crypto, indicating high volatility and risk associated with the gaming token.
The tokenâs DAU chart has shown a remarkable surge in recent days, reflecting increased activity on the network. Binanceâs listing, following this surge in DAU, appears to align with the tokenâs growing popularity.
However, market charts for the token depict a drop in price shortly after Binanceâs listing announcement.
Ronin Price Declines After Binance Listing Announcement
Price Fall and Current Trading: As of the latest update, Roninâs price experienced an 18.50% decline immediately after the announcement of its listing on Binance. Currently, the Ronin price stands at $2.84, with a market cap of $831.99 million and a 24-hour trading volume of $96.98 million, according to TradingView data.
Bearish Market Sentiments: Following the plunge in the tokenâs price following Binanceâs listing announcement, market sentiments appear to be turning bearish. However, the crypto community anticipates a significant shift in price action following Binanceâs listing, as the exchange boosts the tokenâs visibility.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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