2022-12-30 03:35 |
In this guide, we will voice our own and market’s opinion on RAY future while discussing Raydium price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Raydium.
Now, let’s head into it. Before we delve deep into the Raydium price prediction and answer questions if RAY is a good investment or not, why will RAY succeed or fail or why will Raydium price rise or drop, let’s quickly throw a glance at what is RAY and its to date history.
What is Raydium?Raydium is an automated market maker (AMM) based on the Solana blockchain with features such as yield farming, staking, token swapping and trading. RAY is the native token of the Raydium protocol and one of the Solana-based coins.
Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook, meaning that Raydium LPs get access to the entire orderflow and liquidity of Serum.
Long term, Raydium aims to capture and maintain a leadership position among AMMs and liquidity providers on Serum, while leveraging the power of Solana to drive the evolution of decentralized finance (DeFi) and emerge as a leading protocol in the space alongside our partners and the community.
RAY Token use casesThe RAY token has the following utilities:
Staking: RAY Holders will be able to stake RAY tokens to generate additional yield.Limited Governance: RAY Holders are allowed to participate and vote on community proposals and amendments. RAY Price Prediction For The Next 90 DaysThe whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will RAY develop in the short-term (for the next 90 days), according to our prediction model:
Raydium Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
Our prediction model sees RAY reaching $ 0.3410 in 2025.
What will RAY be worth in 5 years?The price of RAY in 5 years could lie around $ 0.3424, according to CaptainAltcoin’s prediction model.
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