Raydium (RAY) Price Reaches $1.19

Raydium (RAY) traded 0.5% higher against the US dollar during the 24 hour period ending at 11:00 AM Eastern on January 12th. One Raydium token can now be purchased for approximately $1.19 or 0.00001296 BTC on major cryptocurrency exchanges. Over the last seven days, Raydium has traded 2.5% higher against the US dollar. Raydium has a total market cap of $319.41 million and $29.44 million worth of Raydium was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% higher against the dollar and now trades at $91,645.57 or 0.99809866 BTC.
• SolvBTC (SOLVBTC) traded 0.9% higher against the dollar and now trades at $91,519.75 or 0.99745325 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Raydium Profile

Raydium launched on February 21st, 2021. Raydium’s total supply is 554,997,844 tokens and its circulating supply is 268,599,299 tokens. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here. The official website for Raydium is raydium.io/#.

According to CryptoCompare, “Raydium (RAY) is a distinctive automated market maker (AMM) built on the Solana blockchain. Unlike traditional AMMs, Raydium integrates with a central limit order book, ensuring faster, cost-efficient trades and shared liquidity. This unique architecture allows it to tap into the broader OpenBook ecosystem, enhancing liquidity and user experience. The platform was conceived by a pseudonymous team including figures like AlphaRay and XRay, who, motivated by the challenges in DeFi in 2020, launched Raydium in partnership with Serum in February 2021. The native token, $RAY, plays a central role in the ecosystem, facilitating trades, incentivizing user engagement, and supporting the AcceleRaytor initiative for new project launches.”

Raydium Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Raydium directly using U.S. dollars. Investors seeking to acquire Raydium should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Raydium using one of the exchanges listed above.

RAY/USD price chart by TradingView