the past month, we've had a consistent bid on $ron. that has helped boon price. we don't have that any more. now we really see where we are. cheap RON is great for a lot of things imo. it frees it up to be used similar to cash. falling RON price has people looking for safer places to put it, and we've already seen some of that effect already on NFTs leading to rocketing floor prices coveted NFTs of strong games on Ronin... if prices keeps falling, i anticipate this continues and leads to a sort of criss cross applesauce marketplace revitalization. i anticipate with time, it leads to a 'reset' in our expectations in RON and we build our way out from there. i would still like to see more utility added to ron to help, which i strongly believe the team is hard at work on now. tldr: we have to bottom out to go up, and cheap ron will be good for the blockchain overall as we bottom out and its true market price is discovered. @Ronin_Network
MOTZ will be a huge beneficiary here as they have been the first aggressive whale to gobble up huge amounts of supply from a lot of the A titles on the blockchain. excited to see how this all develops moving forward with many games reaching sustainable maturity with dedicated communities and followings.
3.82K
40
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.