💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
The buying force is increasing and it could move towards 12$, 15$ and 20$ zones in this October. But if it loses 10$ zone, it will fall down to 8$ zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 10$ zone
🔴Buy : 10$
🔴Sell : 12$ - 15$ - 20$
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 10$ zone
🔵Sell : 10$
🔵Buy : 8$
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Raydium is an automated market maker (AMM) and decentralized exchange (DEX) built on the Solana blockchain. While liquidity on most AMM DEXs is siloed off from other platforms, Raydium leverages its pool liquidity to place orders on the central limit order book of the Serum DEX.
Raydium's Liqudity Providers (LPs) have access to the order flow and liquidity of the Serum ecosystem, and vice versa. Through the Raydium platform, users can trade using an order book or AMM, participate in liquidity mining, or stake RAY to participate in token sales and earn staking rewards.
RAY is Raydium’s native utility token and is used in the following functions:
Staking: Users can stake RAY to earn staking rewards (in RAY) and a portion of the trading fees from the Raydium platform.
Liquidity Mining: Users can contribute to the liquidity pools to earn liquidity mining rewards and a share of the DEX transaction fees. Users can deposit tokens into liquidity pools and earn a share of the DEX transaction fees. Users can further stake the LP tokens in the Raydium farms or Fusion farms to earn liquidity incentives, which may be paid in RAY or other project tokens.
Launchpad: Users can stake RAY for additional allocation in Initial DEX Offerings (IDOs) of new Solana projects on the AcceleRaytor launchpad. In previous IDO rounds, users that do not stake RAY may also participate in smaller amounts.
Governance: RAY stakers will have the opportunity to participate in the future governance of the platform.
Raydium consists of the following major components working in conjunction:
Raydium AMM: Raydium leverages liquidity from pools to create a market on the Serum central limit order book, without the need for additional market makers. This means users can either swap within a pool on Raydium, or access liquidity on the Serum DEX graphical user interface on Raydium.
Yield Farms: Raydium offers liquidity mining rewards to incentivize LPs. Users can earn either RAY or other project tokens depending on which pool(s) they provide liquidity for. Other projects can also bootstrap liquidity for their token by collaborating with Raydium on farming incentives.
AcceleRaytor: An IDO launchpad for the latest Solana projects and drives initial liquidity, while enabling users to participate in carefully curated and vetted token offerings.
As of August 10th 2021, the total supply of RAY is 555,000,000 and the current circulating supply is 58,143,673 (~10.58% of the total token supply).
Learn more about the token distribution of RAY here.