Ronin (RON), the digital asset that’s been making waves in the cryptocurrency market, has seen an impressive 15% increase in value within a mere 24-hour trading period. Currently trading at $3.51, Ronin’s market capitalization has touched the $1 billion mark, accompanied by a robust daily trading volume of approximately $80 million.

Surge in Active Addresses

Recent reports indicate a significant uptick in the number of active Ronin addresses. Over the past two months, these figures have multiplied by fivefold, signaling a growing interest and engagement within the Ronin ecosystem.

Social and Investor Sentiment on the Rise

A closer look at the social metrics provided by Santiment reveals a 9% increase in social activity related to Ronin, coinciding with the asset’s price surge. Furthermore, investor sentiment has experienced a noteworthy jump from 6.08 to 8.12, showcasing a collective optimism towards future RON price movements.

Volatility and Price Movements

The Relative Strength Index (RSI) for RON has also seen a surge, moving from 74 to 76 in the past day. This indicates a high volatility in price, which might lead to a potential cooldown in the near future. For Ronin to maintain its bullish traction, it’s imperative for the RSI to remain below 50 to mitigate the risks of whale manipulation.

Binance Listing Sparks Excitement

In a recent announcement that has stirred the Ronin community, Binance, one of the world’s leading cryptocurrency exchanges, has slated the listing of Ronin for February 6 at 13:30 UTC. Interestingly, Binance has chosen to list the asset as “Ronin (RONIN)” rather than using the RON ticker, adding to the anticipation of how this listing will impact the asset’s market performance.