Many Gaming Tokens Fall, Why Is RON Steady?

<p>&nbsp;"The price of RON is going up like crazy, eh, those who didn't buy must regret it."</p><p><br /></p><p>Gaming-related cryptocurrencies were hit when the digital asset market was in the red as Bitcoin (BTC) tumbled close to $39,000, but that unfortunate situation did not happen to the RON token based on the Ronin network which still maintained its position.</p><p><br /></p><p>This is because RON managed to climb significantly to $2.53 from $0.33 on October 18, 2023, thus being listed in the top 100 cryptocurrencies.</p><p><br /></p><p>It was originally launched for Axie Infinity in 2021, but the Ethereum sidechain network that was also designed for gaming has fueled the rise of games against giants following the generation of billions of dollars in trading volume of non-fungible tokens (NFT).</p><p><br /></p><p><br /></p><p>While Sky developer Mavis has joined additional developers then joined hands with Pixels, which is a game that migrated to Ronin from Polygon Ethereum sidechain late last year.</p><p><br /></p><p>Amid the interest in the game and the excitement surrounding the play-to-airdrop campaign, RON has seen a rise in daily active wallets.</p><p><br /></p><p>Although Pixels ended its last campaign on Friday ahead of the upcoming PIXEL token launch, another Ronin-Apeiron game just launched their own airdrop last week.</p><p><br /></p><p>Currently, RON price trading at $2.26 has recorded a slight decrease of 4.39% in the last 24 hours with a market capitalization of $648 million but still gained 27.58% in the last seven days.</p><p><br /></p><p>However, most gaming tokens experienced a more significant decline following Immutable (IMX) now slipping 2.80%, BEAM 0.96%, Gala Games (GALA) 3.60% while Axie Infinity (AXS) and Smooth Love Potion (SLP) each fell 3.56% and 4.46%.</p>