Is holding $RAY as SOL in a decentralized exchange still worthwhile??
RAY is the native token of the Raydium platform, which is the largest AMM (Automated Market Maker) + DEX in the Solana ecosystem, positioned as a combination of Uniswap + Sushi + 1inch on Solana, and has received early support from FTX and Alameda.
What advantages does RAY currently have?
1. SOL has high activity recently, with rapid growth in daily on-chain trading volume and users, and RAY, as a leading DEX, naturally benefits from the influx of traffic.
2. The new version of Raydium introduces stronger aggregated trading, limit orders, LP incentives, and Launchpad features, and is currently "remaking" the user experience.
【Should we continue to hold RAY?】From the current market conditions, although there has been a short-term surge after the listing on the exchange in the pickled vegetable country, it does not change the current trend.
FTX/Alameda are gradually liquidating related assets, and RAY may still face selling pressure, with trading volume being average and capital interest not very high.
Now is not the best time to build a position or buy; we are currently in a typical bottom chip turnover zone, waiting for this surge from the pickled vegetable country to come back down before re-entering.
Brother Jie also lightly shorted a position with fans, still targeting 2.1. For fans who want to hold spot, it is currently not the best time to enter; Brother Jie will notify fans when to build positions. Interested friends can follow Brother Jie!!!
