Coinbase continues its series of listings at full speed. Last night, it announced the listing of Akash (AKT), followed by a delisting announcement, and today it disclosed that it will list a new altcoin that is among the top 100 on Binance.
Ronin (RON) to be Listed
Coinbase, known for creating significant volumes in cryptocurrencies and often triggering price increases with its listings, announced that it will list Ronin, which is ranked 93rd in the crypto market cap rankings. The announcement was as follows:
Coinbase will add support for Ronin (RON) on the Ronin network. Do not send this asset over other networks, or you may lose your funds. Transfers for this asset are available at @Coinbase & @CoinbaseExch in regions where trading is supported. Trading is expected to begin around 12:00 PM ET on March 21, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established, we will start trading RONIN-USD pairs in phases. RON support may be limited in some supported regions.
The announcement indicated that Ronin would be listed at 19:00 Turkey time on March 21, 2024, if the necessary conditions are met. The announcement once again triggered a price increase.
What is the Price of Ronin (RON)?
Before the Bitcoin bull run, investors closely monitored the price of Ronin, which had lagged behind the market during the bull run. RON, which experienced a 17% drop in the last 7 days, saw smiles return following the news.
As of the time of writing, the RON price visited the $3.65 level after a 10% increase. The price then pulled back slightly to $3.52.
Following the increase, RON’s market cap also left the 1 billion dollar level behind. There was a noticeable increase in the 24-hour trading volume following the news. After a 4% increase, RON’s trading volume rose above 74.5 million dollars.
This increase in volume could also be interpreted as a noticeable rise in the number of investors executing buy-sell transactions before the listing. Meanwhile, RON was seen gradually approaching its all-time high (ATH) level of March 13, 2024.
RON appears to be only 27% away from its ATH. A potential upward movement in Bitcoin (BTC) could pave the way for RON to reach new heights.
