Raydium's native token, RAY, has surged an impressive 665.45% in 2024, cementing its status as one of the year's top-performing cryptocurrencies. The platform recently overtook Uniswap in monthly DEX volumes, fueled by a $23 billion spike within a single week.
As bullish US CPI data fuels Bitcoin price back above $100,000, the biggest Solana DEX Raydium is again in the spotlight after crushing Uniswap's monthly trading volumes
Raydium's success is tied to Solana's dominance in DEX volumes, with Solana capturing nearly 50% of the market in November.
Raydium, the largest automated market maker (AMM) on Solana, managed to overtake Uniswap as the top platform by monthly trading volume.
As it turned out by December, the trick to making it big in the 2024 cryptocurrency market was no tougher than buying all but the shadiest of meme coins and tokens as the year featured a massive bull run.
One of the better-performing cryptocurrencies in 2024 has, perhaps unexpectedly, been Raydium (RAY). Apart from two notable instances where sharp moves to the upside were seen in March and July, the asset has been subject to range-bound price movements for most of 2024.
In November 2024, Raydium, a decentralized exchange (DEX) native to Solana, surpassed Uniswap in terms of monthly volumes for the second consecutive month, according to a crypto report. Discover the impressive figures behind this success!
Hedera Hashgraph (HBAR) has been struggling to maintain upward momentum, with its price recently dipping by 23% over the past week.
While digital assets see a sigh of relief with Bitcoin jumping above $98,000, altcoins are swiftly rebounding. Raydium's RAY led the gainers within the past day, following a 29.24% price surge. Besides the ongoing broad market recovery, bullish ecosystem developments contributed to the alt's outperformance in the past 24 hours.
Hoskinson discussed the potential role of Cardano and other leading blockchain projects like Multiverse, Algorand, and Hedera in shaping the crypto policy landscape under the new U.S. administration.
Meme coin trading was a key driver of Raydium's volume with meme coins accounting for 65% of Raydium's monthly volume. Raydium Is King of DEXs Raydium (RAY), a decentralized exchange (DEX) on Solana has exceeded Uniswap‘s monthly DEX volume for two months in a row.
XLM stalls after a strong rally, testing 50% Fibonacci retracement at $0.3685.
TL;DR Raydium has emerged as a dominant force, consistently outperforming Uniswap in monthly trading volume and capturing a significant share of the market. In November 2024, Raydium processed approximately $124.6 billion in trading volume, surpassing Uniswap's $90.5 billion, largely due to its strong presence within the Solana ecosystem.
Peter Brandt, an almost legendary figure in trading, recently shared his thoughts on the role of different types of cryptocurrencies. He drew attention to utility tokens like XRP, XLM and Cardano (ADA), highlighting their focus on functionality rather than speculation.
Matt Kreiser, a research analyst at Messari, reported that Raydium had eclipsed Uniswap to become the top DEX by trading volume across all chains for two consecutive months. Solana's Raydium(~$125B) outperformed Uniswap (~$91B) in monthly DEX volume by almost 30%.
Solana DEX Raydium surpassed Uniswap in trading volume for two months straight, hitting $124.6 billion in November—a 30% lead!
Billionaire Ray Dalio expressed concerns about rising debt levels in major economies, warning that a looming debt crisis could undermine the stability of various currencies.
Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari.
The cryptocurrency market is abuzz with a new trend: the resurgence of "dino coins"—legacy cryptocurrencies that have weathered the storms of multiple market cycles.
Stellar price suffered a harsh reversal as recent momentum faded, and a sea of red clouded the crypto industry. Stellar Lumens (XLM) crashed to a low of $0.3570, its lowest level since Nov.
Not every cryptocurrency has pumped like Hedera in the past few weeks. The HBAR token has been riding a wave of bullish momentum as Bitcoin breaks the much-anticipated $100k mark.
The CEO of Memeland turned memes into cultural currency with 9GAG. Now, he's using crypto to transform them into tools for engagement and community.
Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.
CRV, the native cryptocurrency of decentralized lending and borrowing protocol Curve Finance, has become the top-performing altcoin out of the top 100. In the last 24 hours, CRV's price has increased by approximately 10%.
With the price of Bitcoin dropping below its $98k mark, the Ethereum price has plunged ~5% in 24 hours with a trading volume of $64.92 billion. However, top ETH-based tokens have defied all odds and have maintained bullish price action this week.
Hedera's native cryptocurrency, HBAR, has garnered the interest of investors and cryptocurrency aficionados due to its remarkable recent performance and increasing prominence in the blockchain sector. Related Reading: Ethereum Surge Coming?
Unlike previous weeks, the price of Hedera (HBAR) has decreased by nearly 17% in the last seven days. While many holders hope that this HBAR price decline is temporary, several indicators suggest that the altcoin may still drop lower.
Cardano, Stellar, and Neiro show potential bullish setups amid Bitcoin's decline. Learn about their key technical levels and breakout targets.
Hedera (HBAR) price has surged more than 506% in the last 30 days, reaching a market capitalization of almost $12 billion. However, despite this impressive rally, the uptrend appears to be losing steam.
Stellar price has lost momentum this month, erasing some of the gains it made in November. The XLM coin trades at $0.4570, down by almost thirty percent from the year-to-date high.
HBAR bulls pull off robust weekly gains but the demand wave could be fizzling out. Here's a recap of its performance and Hedera network activity.
The Curve DAO token saw significant growth as December started, emerging as one of the top gainers over the past month. Curve DAO (CRV) rallied 500% in 30 days, reaching $1.33 with a market cap of $1.
RAY drops to $5 amid increased sell pressure on centralized exchanges.
Two bullish patterns appeared on Stellar's price chart, hinting at a rally to $0.90.
Hedera rose to a three-year high of $0.369 on Dec. 7 gaining over 120% in the last seven days while bringing its market cap to over $12.78 billion.
Bitcoin's price soared to a new all-time high this week, surpassing the eagerly awaited $100,000 mark, which led to a significant surge in the altcoin market. This surge followed a slight dip in Bitcoin's value, creating a rush among investors to switch to altcoins.
Hedera (HBAR) open interest has hit a new all-time high following its 600% price increase in the last 30 days. This rise signifies the highest trader interaction with the token since its inception.
HBAR is the top gainer from the larger-cap alts today.
TL;DR Curve DAO (CRV) is a decentralized exchange for stablecoins, using automated market makers and non-custodial smart contracts to manage liquidity and stabilize pool prices. Price predictions for CRV from 2025 to 2030 vary widely, reflecting market volatility and uncertainty, with forecasts ranging from conservative to highly optimistic.
Hedera (HBAR) has had a turbulent ride in the market recently, with its price dropping by 8.29% to $0.3163. However, despite this downturn, strong positive sentiment remains, especially fueled by Hedera's partnership with SpaceX.
Curve DAO (CRV), a decentralized finance (DeFi) platform, has become one of the most discussed tokens in the crypto market. With its focus on efficient stablecoin trading and liquidity pools, CRV has garnered attention from both retail and institutional investors.
The cryptocurrency market is witnessing a significant rally, but it's not the usual suspects like XRP or ADA that are dominating the headlines. In the wake of Bitcoin's approach to $100,000 and broader market optimism, a few lesser-known coins have been quietly making impressive gains.
The price of XLM, the native token of the Stellar network, has been experiencing notable volatility, but recent on-chain data and technical analysis suggest a potentially bullish outlook. While the token has recently undergone a correction, there are signs that XLM may be preparing for another upward move.
The crypto market has exploded in recent weeks, riding on the coattails of Bitcoin's resilience and institutional moves toward broader adoption. The Altcoin Season Index recently hit 86/100, signaling that smaller assets are outshining Bitcoin in performance.
Hedera Hashgraph's native cryptocurrency, HBAR, has recently captured the market's attention with a remarkable surge in price. Over the past month, HBAR has seen a striking increase, soaring by nearly 9x from $0.04 to $0.35.
Story Highlights The HBAR price rally comes to a halt with a strong bearish reversal this week. Positively, the technical indicators SMA & MACD continue recording bullish sentiment, hinting at a potential reversal. The HBAR altcoin is currently trading at a discount of 46.71% from its ATH of $0.5701.
The altcoin market is experiencing an exceptional growth phase, which excites investors and raises caution among analysts. In recent weeks, several cryptos, including Hedera, Cardano, and XRP, have seen their value skyrocket by over 250% in just one month.