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news-imageNovember 7, 2024

Raydium (RAY) Price Targets $16.78: Is a 250% Rally Ahead?

With a rising trend and the broader market recovery, the RAY price bull run creates a new all-time high. As the Solana-based DeFi protocol becomes one of the top performers in the crypto market, bulls target higher price levels. As the RAY prices approach the $6 breakout, will the bull run reach $16.
Publisher: CoinPedia
Sentiment: Positive
RAY

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Negative
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Meme Coin Rally Pushes Raydium on Solana Above Arbitrum, Maker and Others

Raydium on Solana has surged to become one of the top seven protocols by 24-hour fees, overtaking networks and projects such as Arbitrum, Maker and even Aave. This rise is attributed to a significant meme coin rally within the Solana ecosystem, capitalizing on Ethereum's recent lackluster performance and the market's search for high-risk, high-reward assets.

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