Raydium Price Reaches $1.67 on Exchanges (RAY)

Raydium (RAY) traded 5.4% lower against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on March 18th. One Raydium token can currently be purchased for about $1.67 or 0.00002018 BTC on exchanges. Raydium has a market capitalization of $485.35 million and $62.56 million worth of Raydium was traded on exchanges in the last day. Over the last week, Raydium has traded up 7.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 2.8% lower against the dollar and now trades at $0.63 or 0.00000761 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 down 2.2% 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 1.2% higher 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 down 0.2% against the dollar and now trades at $82,731.97 or 1.00049745 BTC.
• SolvBTC (SOLVBTC) traded down 0.7% against the dollar and now trades at $82,704.66 or 1.00009199 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Raydium Profile

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,999,069 tokens and its circulating supply is 290,847,971 tokens. The official website for Raydium is raydium.io/#. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here.

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.”

Buying and Selling Raydium

It is usually not presently possible to buy alternative cryptocurrencies such as Raydium directly using U.S. dollars. Investors seeking to trade Raydium should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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