Raydium is an AMM (Automated Market Maker) protocol and a market order book on the Solana blockchain. It provides DeFi services through liquidity pools, farming, staking, and swaps. It offers users a unique combination of speed and low costs thanks to Solana’s infrastructure, and its native token, RAY, is used for governance and rewards
.
Table of Contents:
When will it reach 1 dollar?
Raydium has already crossed the 1 dollar mark and is currently between 1.74 and 1.80 dollars.
The price finds support at 1.7486 dollars, with subsequent resistances at 1.8007 and 1.8528
dollars.
Key factors to support this level:
- Growing adoption: Raydium attracts an increasing number of users thanks to its integration with Solana.
- Strategic partnerships: Collaborations with other DeFi platforms support the value of the token.
When will it reach 10 dollars?
Reaching 10 dollars will require significant growth, as current industry challenges are overcome.
Challenges and opportunities:
- Ecosystem expansion: The increase in demand for DeFi and Solana will be essential.
- Competition: The increasing competition between AMMs on various blockchains represents an obstacle.
When will it reach 100 dollars?
Reaching $100 for RAY would require significant growth in value and usage. It should be recognized as a benchmark for the entire DeFi ecosystem on Solana and beyond
.
Key Factors:
- Continuous innovation: A constant introduction of functionality will be necessary to remain competitive.
- Institutional adoption: Interest from institutional investors could play a decisive role.
When will it reach 1000 dollars?
Reaching 1000 dollars seems unlikely at this stage, given the structure of the market and the growing competition.
Is Raydium a good investment?
Advantages:
- Integration with Solana: Provides fast and low-cost transactions.
- Comprehensive services: It offers a wide range of DeFi services, making it a complete ecosystem.
Risks:
- Volatility: The crypto market in general is very volatile.
- Competition: Many AMM platforms are growing rapidly.
Price forecasts (2024-2030)
| Anno | Expected price |
|---|---|
| 2024 | $2.06 |
| 2025 | $2.62 |
| 2026 | $3.37 |
| 2027 | $4.05 |
| 2028 | $4.65 |
| 2029 | $6.13 |
| 2030 | $8.21 |
