- Raydium’s native token, Ray, rose on Thursday, climbing 12% in 24 hours to extend the profits above the $ 2.10 mark.
- Despite a slight setback, Ray remains resistant above a critical level.
- The earnings follow the market reaction to the launch of the Raydium Memecoin launch platform.
Raydium’s native token, Ray, extended his profits on Thursday, rising 12%, since buyers remained above $ 2.00.
Ray peak of April 16 was a break from minimums of $ 1.55, with the bulls reaching maximum $ 2.45. While the token of the decentralized exchange platform is maintained below its maximums recent, it remains above a key level and has risen more than 40% last week.
These profits occur when Raydium finally lance His long -awaited memes launch platform, which allows him to compete with his greatest rival, Pump.fun.
Raydium brings the memes war to Pump.fun
Raydium is the Decentralized Exchange (Dex) Leader in Solana. After the threat of his domain with the launch of Pumpwap of Pump.fun, the DEX has responded, intensifying the rivalry with the presentation of Launchlab, a meme coin launch platform designed to compete with the Pump.fun platform.
⚡️Launchlab by Raydium is Live⚡️
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– Bonkbot (@Bonkbot_io) April 16, 2025
Launchlab allows users to create tokens without problems and offer creators up to 10% of trading commissions once their tokens complete the linking curve and pass the Pool of automated market creators (AMM) of Raydium.
The platform is integrated directly with Raydium’s liquidity pools, automatically migrating the AMM liquidity once a Token collect 85 Solana (approximately $ 11,000).
In addition, Raydium plans to assign 25% of Launchlab’s commissions to a Ray repurchase program, which could boost the value of the Token.
As mentioned, Raydium’s decision coincides with the recent launch of Pump.fun, a key actor in the launch of Meme Coins, of his own DEX, Pumpwap.
Launchlab debut positions Raydium to capture this market share directly, intensifying the battle for the domain of meme coins.
What’s still for Ray?
Despite his recent rebound, Ray remains below his historical maximum. However, Launchlab launch could boost new profits.
If the bulls exceed $ 3, a broader bullish trend of the market could boost Ray towards $ 4, which represents a potential increase of 90 % compared to its price at the time of the announcement of Launchlab.
As Raydium redefines his role in the ecosystem of meme coins, Ray’s path seems to be ready for significant growth.
Depending on the sustained optimism of the market and the adoption of Launchlab, Ray’s upward impulse could have a new stage.
Ray’s daily graphic (above) reveals a solid technical support for a continuous bullish potential. The relative force index (RSI) remains in overcompra territory, indicating a strong purchase pressure, but warns of a possible short -term consolidation.
The mobile convergence/divergence (MACD) shows a bullish crossing, with the signal line tending above the MACD line, which reinforces the bullish impulse. A rupture above $ 2.80 will allow bullies to reach $ 4.20.
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