Raydium (RAY) Market Cap Hits $191.62 Million

Raydium (RAY) traded down 3.1% against the US dollar during the one day period ending at 10:00 AM ET on May 16th. One Raydium token can now be bought for $0.71 or 0.00000915 BTC on major exchanges. During the last seven days, Raydium has traded 16% lower against the US dollar. Raydium has a market cap of $191.62 million and $1.25 million worth of Raydium was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.7% against the dollar and now trades at $77,937.07 or 1.00064985 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Raydium

Raydium was first traded on February 21st, 2021. Raydium’s total supply is 554,997,739 tokens and its circulating supply is 268,967,970 tokens. Raydium’s official website is raydium.io/#. Raydium’s official Twitter account is @raydiumprotocol and its Facebook page is accessible here.

According to CryptoCompare, “Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity and new features for earning yield. Telegram, Discord, Weibo, GitBook”

Buying and Selling Raydium

It is usually not presently possible to buy alternative cryptocurrencies such as Raydium directly using US dollars. Investors seeking to trade Raydium should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Raydium using one of the aforementioned exchanges.

RAY/USD price chart by TradingView