{"id":41663,"date":"2024-11-19T13:29:09","date_gmt":"2024-11-19T13:29:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/raydium-ray-reaches-one-year-high-following-bithumb-listing\/"},"modified":"2024-11-19T13:29:09","modified_gmt":"2024-11-19T13:29:09","slug":"raydium-ray-reaches-one-year-high-following-bithumb-listing","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/raydium-ray-reaches-one-year-high-following-bithumb-listing\/","title":{"rendered":"Raydium (RAY) reaches one-year high following Bithumb listing"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Raydium (RAY), the native token of the decentralized exchange (DEX) Raydium built on the Solana blockchain, has achieved a significant milestone, hitting a one-year high following its listing on South Korea\u2019s leading cryptocurrency exchange, Bithumb.<\/p>\n

This listing has been widely anticipated by investors and traders, as it marks a significant step in the platform’s growth, particularly in the South Korean market.<\/p>\n

Bithumb introduces a Korean Won trading pair for Raydium<\/h2>\n

On November 19, Bithumb introduced<\/a> a Korean Won (KRW) trading pair for Raydium, alongside the listing of Ponke (PONKE), another meme token.<\/p>\n

Following the listing, Raydium\u2019s price surged to $5.90, a level not seen in over a year, reflecting investor enthusiasm sparked by the new trading pair. <\/p>\n

This price surge represents a significant milestone, though it is still far from Raydium’s all-time high of $16.48, reached in 2021.<\/p>\n

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Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n

The rally demonstrates sustained growth, with the token experiencing notable price movement and increased trading volumes, especially driven by the meme token trend within the Solana ecosystem.<\/p>\n

Bithumb’s introduction of KRW pairs for Raydium and Ponke provides these tokens with exposure to a broader base of retail and institutional investors. <\/p>\n

The pairing also facilitates easier access for South Korean traders, who make up a large portion of the global crypto trading community.<\/p>\n

Raydium has become a darling for meme coins<\/h2>\n

Raydium has been particularly busy with meme token trading, a category that has seen increased activity on the Solana blockchain.<\/p>\n

The exchange\u2019s decentralized nature, combined with low transaction fees, has helped it become a preferred platform for trading meme coins. <\/p>\n

The addition of Raydium and Ponke to Bithumb highlights the increasing demand for such tokens, with both coins benefiting from the attention of traders flocking to the exchange.<\/p>\n

Beyond the price surge, Raydium\u2019s total value locked (TVL) has surpassed $2.2 billion, and the token\u2019s market capitalization currently stands at $1.7 billion. <\/p>\n

This growth is further underscored by a surge in platform fees, which rose from $300,000 in September to over $10.7 million by mid-November, driven by the increased trading volumes from meme coin activity.<\/p>\n

However, despite Raydium’s growth, it remains undervalued compared to its potential. <\/p>\n

The token\u2019s fully diluted value is above $3 billion, and its performance as a liquidity provider on the Solana blockchain sets expectations for further price gains in the future.<\/p>\n

With a strong community of supporters and a platform that continues to generate impressive revenue from trading fees, Raydium is poised to continue its upward trajectory.<\/p>\n

As it continues to gain traction, especially in the Korean market, Raydium\u2019s recent listing on Bithumb solidifies its position as a key player in the world of decentralized exchanges and Solana-based projects.<\/p>\n

Traders and investors alike are watching closely for further developments as Raydium rides the wave of the meme coin trend and the growing adoption of Solana-based assets.<\/p>\n

The post Raydium (RAY) reaches one-year high following Bithumb listing<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) Raydium (RAY), the native token of the decentralized exchange (DEX) Raydium built on the Solana blockchain, has achieved a significant milestone, hitting a one-year high following its listing on South Korea\u2019s leading cryptocurrency exchange, Bithumb. This listing has been widely anticipated by investors and traders, as it marks a […]<\/p>\n","protected":false},"author":7,"featured_media":41664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41663"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41663"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41664"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}