American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Raydium price forecast: flips Uniswap, boosts token buybacks

by admin January 21, 2025
January 21, 2025
Raydium price forecast: flips Uniswap, boosts token buybacks

Raydium price has surged to a record high of $7.8520, making it one of the best-performing crypto token in the industry. It has soared by over 3,200% as its network continued to flip popular decentralized exchange networks like Uniswap and PancakeSwap. So, is it safe to invest in the RAY token?

Raydium overtook Uniswap and PancakeSwap

Raydum has become one of the top beneficiaries of the growing Solana ecosystem. Launched in 2021, it has become the most popular DEX network in the crypto industry, flipping multi-chain behemoths like Uniswap and PancakeSwap. 

Its growth was driven by the performance of Solana’s meme coin ecosystem, which has continued growing this year. The most notable entrants to the ecosystem were the Official Trump (TRUMP) and Melania meme coins. 

Data shows that these Solana meme coins have accumulated over $22 billion in market cap. Official Trump leads with over $6.7 billion in market cap, followed by other tokens like Bonk, Fartcoin, Pudgy Penguins, and Dogwifhat. 

Data shows that the Raydium network has overtaken Uniswap and PancakeSwap, a notable development since it exists only on Solana. The other two are multi-chain DEX networks that are in top chains like Base, Ethereum, BNB Chain, and Sui. 

According to DeFi Llama, Raydium’s weekly volume jumped by 238% to $58 billion, a record high. PancakeSwap’s volume across all chains rose by 187% to $8.4 billion, while Uniswap handled $29.7 billion.

Other Solana DEX networks, such as Meteora, Lifinity, and Orca, have handled billions of dollars in the past few days. As the Solana ecosystem grows, this trend may continue in the coming months. 

Raydium is hoping to continue growing by venturing in the perpetual futures industry that handled over $25 billion in the last 24 hours. It announced that it would soon launch a perpetual futures product. 

This is a big industry that Hyperliquid dominates. Data shows that Hyperliquid’s volume jumped by 268% in the last seven days to over $76 billion. That makes it much higher than the volume Raydium handled in the DEX industry. 

Jupiter, the biggest perpetual DEX on Solana handled over $11.65 billion in the last seven days. Therefore, Raydium will be supercharged since its perpetual DEX network will likely succeed.

All this has led to a surge in network revenue and more RAY token incineration. Raydium has generated over $363 million in the last 12 months. At the same time, the network launched the biggest buyback on record as it repurchased 55 million RAY tokens. This means that about 10% of the total supply has been accumulated from these buybacks.

Sharples 🟪

@0xSharples

·Follow

. @RaydiumProtocol just recorded its highest buyback day ever. Over 1.6M RAY was bought and transferred, totalling over 55M RAY accumulated from buybacks.

That’s over 10% of the total supply of RAY accumulated just from buybacks.

4:58 AM · Jan 21, 2025

43

Reply

Read 4 replies

Raydium price forecast

RAY price chart | Source: TradingView

The daily chart shows that the RAY token price surged to a record high of $7.85, a big increase from the all-time low of $0.1740. RAY has flipped the crucial resistance point at $6.50, the highest swing on November 21. Moving above that level invalidated the double-top chart pattern. 

Raydium has remains above the 50-day moving average, while oscillators like the Relative Strength Index (RSI) and the MACD have all pointed upwards. Therefore, the coin has more room to run, with the next point to watch being at $9.16. A move above that price will point to more gains, potentially to $10.

The post Raydium price forecast: flips Uniswap, boosts token buybacks appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Pi Network mainnet to happen in Q1: Is Pi coin a good buy?
next post
Polygon price prediction as POL forma a risky chart pattern

Related Posts

Here’s why United Airlines stock is beating American,...

November 26, 2024

Lloyds share price forms a bearish flag as...

January 15, 2025

5 Top Weekly TSXV Stocks: Wolfden Resources Leads...

February 13, 2024

Crypto price predictions: Terra Luna Classic, Monero, Litecoin

February 6, 2025

Notice of Annual General Meeting/Proxy Form

May 3, 2024

ARway.ai Introducing AR Navigation with Generative AI ChatGPT...

April 5, 2024

ASX 200 outlook after RBA decision; ANZ, NAB,...

November 5, 2024

BofA downgrades HP over printing margins: should investors...

September 29, 2024

DXY: US dollar index risky pattern points to...

April 16, 2025

Bitcoin Halving: Expert Analysis and Price Predictions

April 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (2,982)
    • Investing (2,444)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved