Raydium $RAY is a perfect example of focusing on shovels in a gold rush.

Pumpfun came to life in January,2024. Since then, there have been millions of new token launches and thousands are launched daily. Very few make it to raydium but it has kept the crypto X busy in finding the next moonshot. While the probability to find the next 1000x remains pretty skewed, what everyone missed is the meteoric rise of $RAY from low one dollar ranges to now high of 3 dollar ranges giving a return of almost 175%

While many savvy investors might have missed this rally completely, whats important to note is the the age old saying of "focus on shovels in a gold rush" still remains valid.

The probability of making outlandish returns on coins popping left-right and center on pump.fun remain extremely low, the quiet rise of $RAY would have come to light early if you treated Crypto as business and not a casino.

Simply focusing on charts might not help here. The key is to assess if the momentum on the chart is supported by genuine interest in the platform - whether its gaining traction, generating more revenue than others, and establishing itself as a leader in its sector.

Pump.fun uses Raydium’s Automated Market Maker (AMM) to provide liquidity for newly launched tokens. Raydium’s AMM pools allow tokens on Pump.fun to have instant liquidity, enabling users to buy and sell tokens smoothly.

You can check the raydium's financial performance on DeFiLlama. On strong days, fees generated have risen significantly, from a baseline of $50-70k to as much as $2.5-3 million.

$RAY did all the right things. It checked all the boxes.

1. A clear winner in its sector
2. A high momentum chart with massive back to back breakouts on low time frames and high timeframes

Well, you must already feel a lot like a missed opportunity on this one, but if the bull market is ahead of us, $RAY could go a heck of a lot higher from here. The marketcap of $RAY is just shy of a billion.

A crazy bull market could make it go to 10-20B. It's happened with a lot of tokens in previous bull markets. It can happen again. All you need to do is be patient and wait for prices to cool a bit before making an entry. A staggering entry in multiple trenches could actually still workout.

DISCLAIMER: This content is for educational purposes only and does not constitute financial advice. It is not a recommendation or invitation to buy, sell, or make any financial decisions regarding any assets. Please proceed with caution and conduct your own research.