Ray rises by 12%because Raydium Pump.fun takes over
Ray rises by 12%because Raydium Pump.fun takes over
- The native token of Raydium, Ray, jumped by 12 % within 24 hours on Thursday and exceeded the $ 2.10 mark.
- Despite a slight decline, Ray remains resistant above a critical level.
- The winnings of the market reaction to Raydium's introduction of his Memecoin launchpad.
The native token of Raydium, Ray, expanded its profits on Thursday and increased by 12 %, while buyers held over $ 2.00.
The increase in Ray on April 16 saw a outbreak of deep stalls of $ 1.55, with the bulls achieving maximum $ 2.45.
Although the token of the decentralized stock market platform remains under the recent highest levels, it hovers over an important level and rose by more than 40 % last week.
These winnings come, since raydium finally be with excitement expected meme-launchpad Starts and thus the fight against his greatest rival pump.fun.
raydium brings the meme launchpad war to pump.fun
raydium is the leading decentralized stock exchange (Dex) on Solana.
After his dominance was threatened by the start of pump waps at Pump.fun, the Dex reacted and the rivalry with the introduction of Launchlab, a Memecoin launchpad that is designed to compete with the platform from Pump.fun.
⚡️AlaTchlab by raydium is live⚡️
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- bonkbot (@Bonkbot_io) April 16, 2025
Launchlab enables users to create tokens seamlessly, while the creators offer up to 10 % of the trading fees as soon as their tokens have completed the bonding curve and switch on automatic market maker (amm) pool in Raydiums.
The platform integrates directly into raydium liquidity pools and automatically migrates liquidity to the AMM as soon as a token 85 Solana (about $ 11,000) thrives on.
In addition, Raydium plans to invest 25 % of the Launchlab fees in a buyback program for Ray, which could potentially increase the value of the token.
As already mentioned, Raydium's step, since Pump.fun, an important player when introducing Memecoins, recently introduced his own dex, pumpswap.
The start of Launchlab positions Raydium to record this market share directly and intensifies the competition for the dominance of the memoins.
What's next for Ray?
Despite his latest climb, Ray remains under his all -time high.
The start of Launchlab could, however, catalyze further profits.
If the bulls push beyond $ 3, a broader market trend Ray could drive towards $ 4, which represents a potential increase of 90 % compared to its price at the time of announcing Launchlab.
While Raydium redefines its role in the Memecoin ecosystem, Ray's trajectory seems to be ready for essential growth.
Depending on persistent market optimism and the introduction of Launchlab, the upward trend for Ray could possibly have another phase.
The daily Ray diagram above shows strong technical support for a further upward movement.
The relative strength index (RSI) hovers in the overbought area and shows strong purchase pressure, but warns of a possible short -term consolidation.
The Moving Average Convergence Divergence (MacD) shows a bullish crossing, with the signal line over the MACD line tends, which reinforces upward pressure.
A breakthrough over $ 2.80 would enable the bulls to strive for $ 4.20.
The article Ray jumps by 12 %, while Raydium competes against pump.fun, first appeared on Coinjournal.
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