Ronin (RON), an Ethereum-based gaming altcoin, has seen a significant surge in value following its listing on Coinbase, a major cryptocurrency exchange.
Coinbase Announcement
Coinbase announced on March 21st that it would support Ronin, a protocol developed by Sky Mavis, the team behind the popular NFT game Axie Infinity.
Ronin’s Price Surge
The announcement sparked a rally in Ronin’s price, which has risen by nearly 8.5% in the past 24 hours. At the time of writing, RON is trading at $3.78.
Ronin’s History
Ronin was previously hacked in March 2022, resulting in the theft of hundreds of millions of dollars by the North Korean hacking group Lazarus. However, the US Treasury Department has since sanctioned the group’s Ethereum address.
Disclaimer
It’s important to note that cryptocurrency investments carry high risk and investors should do their own research before making any decisions. FastPayCrypto does not provide investment advice.
