Raydium (RAY) Price Prediction 2023-2025: Will RAY Price Hit $15 Soon?

Raydium Protocol's token (RAY) has taken a hit, dropping 22.9% and currently trading at $3.30, according to Coingecko data. This significant drop comes

Raydium Protocol’s native token (RAY) has taken a hit, dropping 22.9% and currently trading at $3.30, according to data from Coingecko.

This significant drop comes as multiple reports have surfaced, suggesting that Pump.fun is developing its own Automated Market Maker (AMM), potentially cutting out Raydium as the third-party liquidity provider for its platform.

As Pump.fun gears up to launch its testnet AMM liquidity pool, the market is reacting strongly to the growing possibility of a shift in how liquidity is handled across the network.

According to these reports, Pump.fun is aiming to create its own AMM to enhance the liquidity experience for meme tokens that currently rely on Raydium for third-party liquidity.

The new in-house liquidity pool will facilitate smoother transitions for these tokens, making it easier for meme coins to move away from Raydium’s platform. If Pump.fun successfully pulls this off, this development could make the system run more efficiently, allowing Pump.fun to collect a larger portion of transaction fees and perhaps even introduce a reward mechanism for token holders.

Meanwhile, Raydium has faced a price drop in the wake of these events. At the time of writing, RAY had fallen by 31.7%, trading at $2.93 within a range of $2.89 to $4.30. Despite this downturn, Raydium still maintains a market presence, with a market cap of $851.4 million and a fully diluted valuation of around $1.62 billion.

Raydium’s current market trends indicate some instability, with a total value locked (TVL) in the platform of roughly $1.4 billion and a circulating supply of 290.85 million RAY tokens out of a total supply of 555 million.

Bearish technical signals hint at further price weakness for Raydium. The MACD is currently indicating a bearish trend with a negative value of -0.1411, showing the MACD line below the signal line, suggesting selling pressure.

On the other hand, the RSI is currently very low at 18.99, indicating an oversold condition. Usually, an RSI below 30 can indicate that the asset might be due for a price rebound, but there are no guarantees.

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