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The Ronin price surged 13% in the last 24 hours to trade at $4.116 as of 02:13 a.m. EST on trading volume that climbed 10% to $92 million.
This comes after the gaming-focused blockchain secured its second major listing in under two months. Roughly one month after Ronin’s listing on Binance, Coinbase announced on Wednesday that users could trade RON on its platform.
Coinbase will add support for Ronin (RONIN) on the Ronin network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) March 20, 2024
Can the listings continue to propel RON’s price, which has soared to a market value above $1 billion?
Ronin Price Set To Sustain Bullish Momentum Over The Rising Channel
The Ronin price has been rising steadily since the start of 2024, which saw it claim an all-time high of $4.45 in March. The steady rise has resulted in the price rising within the confines of the rising channel pattern, as the bulls aim to sustain the surge over the upper boundary of the pattern.
RON is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the bullish rally ahead.
Additionally, the Relative Strength Index (RSI) is northbound at 67, which shows increasing buying pressure. If the bulls can sustain the current bullish stance, the RSI could soar past the 70-overbought region, showing increased investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. RON bulls may use the bullish crossover as an encouragement to buy more, which could propel the price even higher.
Moreover, the green bars on the histogram form above the neutral line, which shows that RON is currently on a positive momentum. The Average Directional Index (ADX) is trading above the 20 level at 22, which could signify a growing trend.
Ronin Price Prediction
The Ronin price long-term analysis shows that RON is on bullish momentum, as the bulls aim to sustain the price movement over the rising channel. Additionally, the RSI and MACD offer some bullish outlook for optimistic investors.
The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $2.89, which shows the upward potential of the price. RON bulls aim to capitalize on these factors, as they target $5.5.
However, the RSI is on the verge of crossing the overbought region, which could indicate a likely price correction. In such a scenario, $3.3, coinciding with the 200-day SMA, could act as a cushion against downward pressure.
As the RON price soars, you may also want to consider adding $5SCAPE to your portfolio.
5SCAPE: A Promising Alternative To Buy Now
5thScape (5SCAPE) is the first-ever AR/VR mixed-reality crypto platform that is benefiting from the excitement surrounding the Apple Vision Pro launch.
visionOS frees apps from the boundaries of a display on Apple Vision Pro, providing an expansive canvas for multitasking and collaborating. pic.twitter.com/v7hOkgPSW5
— Apple Vision Pro News (@AppleVisionPro) March 5, 2024
The platform aims at connecting “the smartest minds together” while developing a comprehensive VR/AR ecosystem that brings in game development, animation, and specialized hardware manufacturing.
Such features are aimed at ensuring that 5thScape acquires maximum market penetration.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
The project is already receiving early traction, securing over $1.8 million in funding.
🚀 Exciting news from 5th Scape! The VR-focused cryptocurrency has raised $1.7 million in its presale phase, and has showcased the potential for innovation in the digital space.
Get ready to explore hyper-realistic experiences and next-gen gaming with 5th Scape's groundbreaking… pic.twitter.com/5DrCHwVm77
— 5th Scape (@5th_scape) March 21, 2024
Buy $5SCAPE, Earn Through Staking And P2E Gaming
The project also offers an opportunity to earn rewards by staking $5SCAPE, and investors also can earn passively through the platform’s play-to-earn feature while exploring the future of gaming.
The team has already set plans to develop games like MMA Cage Contest, Thrust Hunter, and Archery Master.
We are excited to reveal the first look of the characters of our upcoming VR game, Cage Conquest! Meet the fighters who will challenge you in the ultimate UFC experience. Which one is your favorite? #CageConquest #5scape #Crypto #Bybit $NVDA #Ethereum $SYS pic.twitter.com/PUUdsbWWIi
— 5th Scape (@5th_scape) February 21, 2024
Prominent YouTube channel 99Bitcoins says 5SCAPE is a project with the potential to soar 100X after launch.
You can buy $5SCAPE tokens now for just $0.00125. With the team setting a launch price of $0.01, this means investors can lock in gains of 365% by the time 5SCAPE lists.
Interested investors should act quickly though because the price will increase by 15% in less than two days.
If you think $5SCAPE is too good an opportunity to pass up, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official site, or buy directly with a bank card.
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