Top 3 Solana blockchain tokens to buy on December 1, 2021: GRT, LINK, and RAY

By: Milko Trajcevski
Milko Trajcevski
Milko leverages his passion for cryptocurrencies and teaches investors something new each day. During his spare time, he loves… read more.
on Dec 1, 2021
  • GRT has seen an increase in its 24-hour trading volume, which indicates heightened interest.
  • LINK saw an increase in trading volume by 12% throughout the span of 24 hours.
  • In the last 24 hours, RAY saw an increase in trading volume by 20%.

The Graph GRT/USD is an indexing protocol for querying networks, one that is directly integrated with Solana.

Chainlink LINK/USD is a decentralized oracle network that provides decentralization at both the oracle and data source level and is also integrated with Solana.

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Raydium RAY/USD is an automated market maker (AMM) and liquidity provider, which is built on the Solana blockchain for the Serum Decentralized Exchange (DEX).

Should you buy The Graph (GRT)?

On December 1, The Graph (GRT) had a value of $0.94.

With the goal of getting a better perspective as to what kind of value point this is for the token, we will go over its ATH value point as well as its performance last month.

It’s all-time high value was on February 12, when the token reached a value of $2.84. Here, we can see that the token was $1.9 or 202% higher in value at its ATH value point.

On November 9, GRT had its highest value point at $1.26. 

That said, its value fell on November 27 to its lowest point at $0.85. Here, we can see that the token decreased in value by $0.41 or by 32%.

However, from November 27 to December 1, the token increased by 10% or by $0.09.

With this in mind, by the end of December, we can expect GRT to reach $1.5, making it a solid buy.

Should you buy Chainlink (LINK)?

On December 1, Chainlink (LINK) had a value of $26.41.

To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high value as well as its performance in November.

The LINK token’s all-time high-value point was on May 10, when it reached a value of $52.70. Here we can see that the token was $26.29 higher in value or by 99% at its ATH value point.

On November 10, LINK had its highest value point of the month, with a value of $38.12.

Its lowest point, however, occurred on November 28, when the token fell to $23.23.

Here we can see that the token decreased in value by $14.89 or by 39%.

However, from November 28 to December 1, the token increased in value by 5% or by 1.18.

With this in mind, we can expect LINK to reach $28 by the end of December, making it a solid buy.

Should you buy Raydium (RAY)?

On December 1, Raydium (RAY) had a value of $11.35.

With the goal of getting an estimation as to what kind of value point this is for the RAY token, we will be comparing it to it’s all-time high value as well as its performance in November.

In terms of its all-time high value, RAY was worth $16.83 on September 12. At its all-time high-value point, the token was $5.48 higher in value or by 48%.

In terms of the token’s performance in November, on November 3, the token had its highest point of value at $13.2. 

Its lowest point of value was on November 26, when the token fell to a value of $9.23. Here, we can see that the token fell in value by $3.97 or by 30%.

However, from November 26 to December 1, the RAY token increased in value by $2.12 or by 23%.

With this in mind, we can expect RAY to reach $15 by the end of December, making it a worthwhile purchase.

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