coingape.com
- RAY is up over 30% the last week
- Price has formed an ascending channel
- RAY is being held up by the 40 MA
SOL Gang is On Rise
Raydium (RAY) is a new token that was launched in early 2021. Raydium (RAY) just underwent a Binance listing in mid August which has caused a healthy price spike since. The use case for RAY is very appealing to many investors as it is natively hosted on the Solana blockchain. Raydium describes itself as an automated market maker & liquidity provider for the Serum decentralized exchange (DEX). This coin seems to have much potential as the interest in the SOL blockchain as well as decentralized exchanges have skyrocketed recently.