Raydium/TetherLong
Raydium: A better investment than SOLANA and UNISWAP
Raydium: The DEX Giant
RAYDIUM is the biggest DEX (decentralized exchange) on the planet! It should normally have a higher price than Uniswap, which currently boasts a $6.5 billion market cap.
Raydium is deeply undervalued, currently ranked #149 on CoinMarketCap.
Fair Valuation for Raydium
If Raydium had the same valuation as Uniswap (which is reasonable considering Raydium's daily volume is 200 million higher), its fair price would be $45.48 USD! This number could even be higher because Raydium is the number 1 DEX on CoinMarketCap. (Formula: current Market Cap (Uniswap) / Market Cap (Raydium) * 1.87)
Raydium's Growth Potential
This year, Raydium has grown by 1500%, compared to Solana's 700% increase. Additionally, there are only 262 million RAYDIUM in circulation, which paves the way for significant price gains.
Fibonacci Targets for Raydium
Fibonacci 1.6 Target: $34 USD (17x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $55 USD (27x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $88 USD (44x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.6 Target: $286 USD (150x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Solana's Potential
Currently, Solana is trading at $173 USD.
Fibonacci 1.6 Target: $490 USD (2x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $540 USD (3x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $1150 USD (5.5x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.7 Target: $4200 USD (24x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Raydium and Solana Correlation
Raydium's price often moves in correlation with Solana's price action, but with a typically higher percentage increase.
Conclusion: Raydium - A Promising Investment
Considering all these factors, a fair price for Raydium seems to be around $50 USD, suggesting it's significantly undervalued. The potential returns for Raydium appear to be even greater than those for Solana.
Do Your Own Research (DYOR)
Remember, this is just an analysis. It's crucial to conduct your own research before making any investment decisions. However, investing in RAYDIUM could be a wise choice, as a $100 investment could potentially yield a return of at least $1700 USD!
RAYDIUM is the biggest DEX (decentralized exchange) on the planet! It should normally have a higher price than Uniswap, which currently boasts a $6.5 billion market cap.
Raydium is deeply undervalued, currently ranked #149 on CoinMarketCap.
Fair Valuation for Raydium
If Raydium had the same valuation as Uniswap (which is reasonable considering Raydium's daily volume is 200 million higher), its fair price would be $45.48 USD! This number could even be higher because Raydium is the number 1 DEX on CoinMarketCap. (Formula: current Market Cap (Uniswap) / Market Cap (Raydium) * 1.87)
Raydium's Growth Potential
This year, Raydium has grown by 1500%, compared to Solana's 700% increase. Additionally, there are only 262 million RAYDIUM in circulation, which paves the way for significant price gains.
Fibonacci Targets for Raydium
Fibonacci 1.6 Target: $34 USD (17x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $55 USD (27x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $88 USD (44x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.6 Target: $286 USD (150x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Solana's Potential
Currently, Solana is trading at $173 USD.
Fibonacci 1.6 Target: $490 USD (2x current price) - I am confident we will reach this level.
Fibonacci 2.6 Target: $540 USD (3x current price) - I am confident we will reach this level, as this is common for cryptocurrencies.
Fibonacci 4.2 Target: $1150 USD (5.5x current price) - Reaching this target is not unusual in the crypto space.
Fibonacci 1.7 Target: $4200 USD (24x current price) - While ambitious, this kind of growth is also seen in the crypto market.
Raydium and Solana Correlation
Raydium's price often moves in correlation with Solana's price action, but with a typically higher percentage increase.
Conclusion: Raydium - A Promising Investment
Considering all these factors, a fair price for Raydium seems to be around $50 USD, suggesting it's significantly undervalued. The potential returns for Raydium appear to be even greater than those for Solana.
Do Your Own Research (DYOR)
Remember, this is just an analysis. It's crucial to conduct your own research before making any investment decisions. However, investing in RAYDIUM could be a wise choice, as a $100 investment could potentially yield a return of at least $1700 USD!
Disclaimer
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