Hey again third post, enjoying positing trading ideas and opportunities, would love to hear insight from anyone reading cause I want to improve myself in this field
RAY just confirmed AcceleRaytor, a launchpad for upcoming Solana projects, and we have seen the great performance in countless launchpad projects (PAID, POLS, DUCK to name the few).
I believe smart money will start to move over to different blockchains such as Solana, Polkadot, Cardano, due to network congestion on ETH but this is not to say the KING will be dethroned just because of congestion and gas fees, its always great to have alternatives anyways.
Its always good to try be one step ahead of the rest if possible to get in on these opportunities, and thats why I believe RAY can be a smart play in the future, It is practically the UNI of SOL. Fees on SOL blockchain are crazy cheap and TPS is ridiculous, but like with every other blockchain, they will always end up being congested in the long run as more people jump in.
What Im hoping for RAY to do to really confirm my entry, is a retest of the trendline which has been tapped twice previously. But the more I think of RAYs launchpad, more RAY will be locked up since you need to stake for 7 days from the opening of the pool. This means a decrease in available RAYs for sale on the market, which means price goes up! Supply and demand imbalance.
Thanks for reading!
RAY just confirmed AcceleRaytor, a launchpad for upcoming Solana projects, and we have seen the great performance in countless launchpad projects (PAID, POLS, DUCK to name the few).
I believe smart money will start to move over to different blockchains such as Solana, Polkadot, Cardano, due to network congestion on ETH but this is not to say the KING will be dethroned just because of congestion and gas fees, its always great to have alternatives anyways.
Its always good to try be one step ahead of the rest if possible to get in on these opportunities, and thats why I believe RAY can be a smart play in the future, It is practically the UNI of SOL. Fees on SOL blockchain are crazy cheap and TPS is ridiculous, but like with every other blockchain, they will always end up being congested in the long run as more people jump in.
What Im hoping for RAY to do to really confirm my entry, is a retest of the trendline which has been tapped twice previously. But the more I think of RAYs launchpad, more RAY will be locked up since you need to stake for 7 days from the opening of the pool. This means a decrease in available RAYs for sale on the market, which means price goes up! Supply and demand imbalance.
Thanks for reading!