CandleFocus

Raydium weekly gains over 65%, analysts expect double-digit rally

Author: Content Editor
Raydium, the largest decentralized exchange on the Solana Blockchain, has experienced a significant surge in price, rising 65% over the past week and reaching a 34-month high of $5.97 on November 9. The altcoin has been the top-performing asset in the past month, with gains exceeding 262% and a market cap above $1.51 billion. The rally comes as crypto exchange Coinbase announced it will add RAY perpetual futures, which has ignited interest among traders and led to price appreciation for the token. Raydium's growing presence within the Solana ecosystem has also contributed to its success. Technical indicators suggest the altcoin's upward trend is likely to continue, with analysts optimistic about its potential to reach double-digit prices. At the time of writing, Raydium was priced at $5.8, down 66.1% from its all-time high.

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