Raydium Price Down 17.4% This Week (RAY)

Raydium (RAY) traded down 5.6% against the U.S. dollar during the 24 hour period ending at 7:00 AM E.T. on February 22nd. During the last seven days, Raydium has traded 17.4% lower against the U.S. dollar. One Raydium token can now be bought for about $4.48 or 0.00004638 BTC on major cryptocurrency exchanges. Raydium has a total market cap of $1.30 billion and $111.37 million worth of Raydium was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 3.5% lower against the dollar and now trades at $1.04 or 0.00001072 BTC.
• 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 (SOLVBTC) traded down 2.1% against the dollar and now trades at $96,335.61 or 0.99678512 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.2% against the dollar and now trades at $95,821.50 or 0.99146562 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Raydium Token Profile

Raydium launched on February 21st, 2021. Raydium’s total supply is 554,999,142 tokens and its circulating supply is 290,847,966 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 purchase alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to acquire Raydium should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView