$RAY
1. What is it for?
Similar to a "supermarket membership card": used on the Raydium trading platform on the Solana blockchain, it allows participation in platform governance, earning rewards by staking coins, and sharing in transaction fees.
2. How to play in the short term?
Observe hot trends: If the Solana ecosystem is booming (for example, when a new coin is launched) or if the platform has activities (such as a new mining pool), RAY may rise. In this case, you can take a small position but don’t chase the highs (for instance, if it suddenly spikes by 50%, be cautious). Monitor technical aspects: If the price breaks below recent support levels (like the lowest price in the past week), or if it drops harder than the market, reduce your position; if it rises too sharply (RSI indicator over 70), sell a bit.
3. Should I hold in the long term?
Look at these 2 data points: Platform Total Value Locked (TVL): If more and more people are putting money in, it indicates that the platform is good to use, and RAY may be valuable; conversely, if everyone withdraws, it’s dangerous. Trading volume: Are many people trading on Raydium daily? If users are being drawn away by other platforms (like Serum), RAY may fall. Riding the coattails thought: Is the Solana blockchain itself thriving? If Solana's coin (SOL) rises or if there are major projects coming in, RAY might rise as well; be cautious otherwise.
4. Risks and regulatory pitfalls to remember:
It may be regulated like stocks in other countries (for example, the U.S. SEC investigation), and a policy change could prohibit trading. Intense competition: There are many trading platforms on Solana, and if RAY doesn’t have new features (like cross-chain trading while others do), users will leave. A common issue in the crypto space: If the overall market crashes (for instance, due to a Federal Reserve interest rate hike or a major coin plummeting), RAY might also be halved; don’t go all in! In simple terms, treat it as "the membership coin of the Solana supermarket": if the platform is doing well (high TVL, high trading volume), hold on; if business is poor or there are policy risks, withdraw. In the short term, don’t chase hot trends, and in the long term, don’t put all your eggs in one coin.
Strong recovery, assets doubling! Stay tuned for rainy days, plan ahead, and easily reap big profits.
Continue to pay attention: ALT ZKJ BID
