Polygon Matic Migrated to Pol: What's Next for Pol?
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By cryptostar · Posted
Raydium (RAY) has been making headlines, outperforming Uniswap in trading volume and solidifying its position in the DeFi space. Currently priced at $5.20, RAY has surged by 13.17% in the past 24 hours. As Solana’s decentralized exchange (DEX) dominates the market, Raydium’s unique features, low transaction fees, and growing adoption are driving its upward momentum. If RAY maintains its upward trajectory and capitalizes on the growing demand for decentralized exchanges, hitting $11 is possible. What is Raydium ? Raydium (RAY), an automated market maker (AMM) built on the Solana blockchain, is making waves in the decentralized finance (DeFi) world. With its unique features, such as yield generation and liquidity pools, Raydium offers users the ability to trade digital assets efficiently. What makes Raydium stand out is its integration with the Serum decentralized exchange (DEX), which allows users to convert their deposits into limit orders on Serum’s order books. As the Solana blockchain continues to grow in popularity, Raydium is positioned to benefit from its speed and low fees. In a recent report by Messari, Raydium crypto outperformed Uniswap in monthly trading volumes for October and November 2023. In November, Raydium’s trading volumes were 30% higher than Uniswap’s, reaching $30 billion in transactions. Raydium benefits from Solana’s fast, low-cost transactions, making it an attractive choice over Ethereum-based Uniswap, especially during times of high network congestion. Raydium crypto success can be attributed to its growing role in the Solana ecosystem, where it captures over 60% of daily DEX volume. This dominance is helping Raydium become a go-to platform for DeFi applications and emerging projects within the Solana network. Raydium price has seen increased market interest after outperforming Uniswap in monthly trading volumes. Currently priced at $5.20, it boasts a market cap of $1.6 billion and 24-hour trading volume of $115 million. This growth reflects confidence in Raydium's dominance within Solana's decentralized finance ecosystem. Source - Coinpedia market For an in-depth analysis of Raydium price potential future movements, check out our detailed Raydium price prediction and see what experts are saying about its upcoming market trends. With its strong performance and innovative technology, Coinpedia data analyze that Raydium crypto is set to reach $11, positioning itself as a major player in the DeFi sector. As the competition between Raydium and Uniswap intensifies, both platforms will likely push for greater interoperability and improvements to better serve the DeFi community. Raydium coin rapid growth signals a promising future in the decentralized trading space. -
By tradinglounge · Posted
FTSE 100 Elliott Wave Analysis Trading Lounge Day Chart Index: FTSE 100 (UK) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray Wave 1 Position: Orange Wave 5 Direction for Next Lower Degrees: Gray Wave 2 Details Current Status: Orange wave 4 appears completed. Gray wave 1 of orange wave 5 is actively in progress. Invalidation Level: 7,990.76 (A drop below this level invalidates the current Elliott Wave structure). Analysis Overview The FTSE 100 daily chart reflects a bullish trend, analyzed using Elliott Wave principles. The impulsive mode signals robust upward momentum in the ongoing wave structure. Key Highlights: Wave Progression: Orange wave 4 is complete, giving way to gray wave 1 of orange wave 5. Gray wave 1 represents the start of a new impulsive sequence, building on prior momentum. Upward Momentum: Gray wave 1 continues to guide prices higher, supported by bullish sentiment. Upcoming Correction: Following gray wave 1, gray wave 2 is expected to introduce a corrective phase. Key Considerations Bullish Sentiment: The completion of orange wave 4 and the progression of gray wave 1 within orange wave 5 signify strong upward movement. Potential Reassessment: If prices fall below 7,990.76, the current Elliott Wave count becomes invalid, necessitating a new analysis. Strategic Implications for Traders Capitalizing on the Trend: Traders and analysts should align their strategies with the bullish momentum of gray wave 1 within orange wave 5. Preparing for Gray Wave 2: Anticipating the potential corrective phase will help in managing positions effectively. Monitoring Progression: Close observation of price movements and wave development is critical for informed decision-making. This analysis underscores a strong bullish outlook for the FTSE 100 on the daily chart. The current phase, driven by gray wave 1, offers opportunities for traders to capitalize on the prevailing upward momentum. FTSE 100 Elliott Wave Analysis Trading Lounge Weekly Chart Index: FTSE 100 (UK) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Direction for Next Lower Degrees: Navy Blue Wave 4 Details Current Status: Orange wave 4 is complete. Orange wave 5 is actively progressing within navy blue wave 3. Invalidation Level: 7,990.76 (A drop below this level invalidates the current Elliott Wave structure). Analysis Overview The FTSE 100 weekly chart reflects a bullish trend, supported by Elliott Wave analysis. The impulsive mode signals strong and sustained upward movement in the current wave structure. Key Highlights: Wave Progression: Orange wave 4 has transitioned into orange wave 5, marking the final phase of the ongoing impulsive sequence. The market is currently positioned within navy blue wave 3, reinforcing the bullish momentum. Final Impulsive Phase: Orange wave 5 often represents the peak of the upward trend, indicating a culmination of the bullish sequence. Upcoming Correction: Following orange wave 5 and navy blue wave 3, a corrective phase in navy blue wave 4 is anticipated. Key Considerations Bullish Sentiment: The progression of orange wave 5 within navy blue wave 3 signifies sustained upward momentum. Potential Reassessment: If prices drop below 7,990.76, the current wave count becomes invalid, requiring a reevaluation. Strategic Implications for Traders Trend-Following Opportunities: Orange wave 5 offers opportunities to align with the bullish momentum in this phase of the market. Preparing for Navy Blue Wave 4: Anticipating the corrective phase following the peak of navy blue wave 3 is key to managing risk effectively. Monitoring Progression: Close observation of price action and wave development is essential for informed decision-making. This analysis highlights a strong bullish outlook for the FTSE 100 weekly chart. The current phase, driven by orange wave 5, supports strategies that capitalize on the ongoing upward momentum while preparing for eventual corrective moves. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By CryptoChamp · Posted
Ethereum price today remains stable, extending gains above $3,750 and outperforming Bitcoin. ETH price surged above key resistance levels at $3,800 and $3,880, climbing to $3,988 before consolidating. While Ethereum's price dipped slightly below $3,920, it maintains strong support at $3,840, underpinned by a bullish trend line and the 100-hourly Simple Moving Average. Ethereum Price Prediction indicates a potential rise beyond $4,000 if the bulls clear resistances at $3,950 and $3,980. A breakout could see Ether price rally to $4,150 or even $4,320. However, failure to breach $3,980 might lead to a pullback, with supports at $3,750 and $3,665 acting as critical levels. The Ethereum ecosystem's growth supports bullish ETH price predictions. Key metrics reveal a 31% surge in Total Value Locked (TVL) to $78 billion, with Layer-2 solutions adding $11 billion. The Ethereum network’s dominant 47% DApp volume share underscores its expanding utility. Despite some skepticism from critics, Ethereum price prediction 2024 and Ethereum price prediction 2025 remain optimistic due to rising DeFi adoption, staking innovations, and Federal Reserve rate expectations. With growing institutional interest, Ethereum news today highlights the network's resilience. As ETH coin solidifies its position, many wonder: Is a new ETH all-time high imminent? Also Read: SafeMoon V2 Price Prediction 2024, 2025
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