Raydium (Ray), the automated market creator (AMM) and liquidity supplier based in Solana, has seen the price of his native token collapse more than 30 % in 24 hours.
While Ray’s price can fall even more in the midst of Pump.fun events, analysts have an upward perspective about Bitcoin Pepe (BPEP)a memecoin project that seeks to build “Solana in Bitcoin”.
Pump.Fun is testing your own AMM?
In the last 24 hours, Ray has been under remarkable pressure. The Dex protocol token collapsed when the traders reacted to the news related to the network. In particular, it is about information that the Pump.fun Memecoins launch platform is ready to present its own automated market creator system (AMM).
An automatic market creator refers to a decentralized trading system that allows the purchase and sale of cryptocurrencies without depending on traditional orders books. AMM eliminate this need for intermediaries through liquidity funds.
It is said that Pump.Fun, the largest memecoins factory in Solana, is considering its own AMM. This has the potential to see the new system replace Raydium as the main liquidity provider of the memecoins launch platform. The Pump.fun maneuver, along with more rewards for the community, has affected Ray’s perspectives.
Ray price prediction
It is likely that the reaction of the traders to this, taking into account the possible impact on the performance of Raydium, has made the price of Ray fall. Currently, the reports indicate that Pump.Fun has a test version of the AMM.
The value of Token Ray fell sharply from maximum $ 4.25 to prove the support about $ 2.85 in the first operations on Monday, February 24. Raydium also saw a massive volume in the midst of the fall, which suggests that mass sale could be strengthened. If it happens, Ray’s price could look for primary support about 2.70 and $ 2.00.
Ray’s price dropped almost 60 % in the last month.
Bitcoin Pepe: The presale gains rhythm as 3.1 million dollars approach
A few days after launching the first sale ICO Memecoin de Bitcoin, the project has raised more than 3.1 million dollars. This important milestone occurs after the first four presale stages flying, since investors rushed to position themselves early.
Bitcoin Pepe is a memecoin project that wants to take Memecoins to the world’s most popular blockchain network, Bitcoin.
This ambition to dominate an ecosystem of 2 billion dollars is based on a Token PEP-20 standard. It is designed to take advantage of the Solana network speed and the solid BTC security. More than that, Bitcoin Pepe is building the new layer 2 of Memecoins for Bitcoin.
Bitcoin Pepe price prediction (BPEP)
Although the cryptocurrency market has had a difficult week after 1400 million hacking to the BYBIT cryptocurrency purchase-sale platform, most cryptocurrencies experienced minimal falls in their prices.
The United States Stock Exchange and Securities Commission (SEC) also sought to put an end to its lawsuit against Coinbase and closed an investigation against the NFT Opensa platform. Optimism has helped bullies stay resilient. In the midst of this general resistance, the Bitcoin Pepe cryptocurrency project has thrown out.
If the presale continues to gain impulse, the price will increase rapidly. Currently, BPEP is available with a great discount of 0.0255 dollars in stage five. In the next stage, the price will increase to $ 0.0268 and increase 5 % at each level to the final stage 30.
Bitcoin Pepe prediction begins with what it means to the first investors.
Buyers of stage 1 can see a 300 % increase in presale gains, while the performance after presale could be explosive as tokens are included in the exchanges in the second quarter. Cola winds could also include Bitcoin’s price performance, since BTC is expected to reach $ 200,000.
Discover what Bitcoin Pepe or Buy BPEP is in the Official website.
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