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| PancakeSwap 
| #CAKE
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| CAKE Price: | $1.56 | | Volume: | $26.2 M | | All Time High: | $44.14 | | Market Cap: | $0.3 B |
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| Circulating Supply: | 201,772,494 |
| Exchanges: | 52
| | Total Supply: | 385,984,357 |
| Markets: | 96
| | Max Supply: | — |
| Pairs: | 60
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The price of #CAKE today is $1.56 USD.
The lowest CAKE price for this period was $0, the highest was $1.56, and the exact current price of one CAKE crypto coin is $1.56235.
The all-time high CAKE coin price was $44.14.
Use our custom price calculator to see the hypothetical price of CAKE with market cap of BTC or other crypto coins. |
The code for PancakeSwap is #CAKE.
PancakeSwap is 2.6 years old. |
The current market capitalization for PancakeSwap is $315,239,627.
PancakeSwap is ranked #111 out of all coins, by market cap (and other factors). |
There is a large daily trading volume on #CAKE.
Today's 24-hour trading volume across all exchanges for PancakeSwap is $26,244,503. |
| The circulating supply of CAKE is 201,772,494 coins, which is 52% of the total coin supply. |
CAKE is well integrated with many pairings with other cryptocurrencies and is listed on at least 52 crypto exchanges.
View #CAKE trading pairs and crypto exchanges that currently support #CAKE purchase. |
| Note that there are multiple coins that share the code #CAKE, and you can view them on our CAKE disambiguation page. |
PancakeSwap December Recap — Ready For 2022
PancakeSwap December Recap — Ready For 2022 IFO 3.0, the second round of trading battle, #PancakeChristmas event and NFT drops. The kitchen is cooking up something BIG!Data Recap — Overall. — Total Volume: $35.4BAverage Daily Volume: $1.1BUnique traders: 4.4MUnique onsite users: 15M8 CAKE staker reward pools (syrup + boost)BNB won in prediction: 232,164 BNB / $107MTotal volume of positions placed: 239,738 BNB / $132MNFT Market trading volume: 4,031 BNB / $1.8M, of which 81 BNB was used to buy back and burn CAKE — $CAKE. — Total burned: 27M CAKE ($322M)Bought back from the market to burn: $22MTotal CAKE Emission Rate: 14.25/block# of holders: 1,078,556 (+7%)🍽✅ Served Last Month — The New IFO CAKE Pool. — In December, we added staking requirements to our IFO by launching a new IFO CAKE Pool. IFO participants will need to stake CAKE in the IFO CAKE Pool in order to secure their IFO credits in the next IFO event. The new IFO CAKE Pool attracted more than 50M CAKE on the first day of launch! Who doesn’t like a pool that allows you to stake CAKE and secure your entry for the next IFO? And most importantly — earn more CAKE with the same APR as the manual CAKE pool with auto compounding. Learn more about IFO 3.0 and the new IFO CAKE Pool here. — IFO: Diviner Protocol (DPT). — After the launch of the IFO CAKE Pool, we held our first ever IFO in the 3.0 f... 
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PancakeSwap November Recap — The Kitchen is Growing Fast
PancakeSwap November Recap — The Kitchen is Growing Fast The kitchen’s growing bigger and bigger! More chefs, more IFOs, TradingView charts, and… more stuff on the horizon SOON(TM)!Data RecapOverallTotal Volume: $48.4BAverage Daily Volume: $1.6BUnique traders: 5.5M (+24% MoM)Unique onsite users: 19M (+58% MoM)12 CAKE staker reward pools (syrup + boost)BNB won in prediction: 210,342 BNB / $128MTotal volume of positions placed: 217,548 BNB / $132MNFT Market trading volume: 5,750 BNB / $3M, of which 115 BNB was used to buy back and burn CAKE$CAKETotal burned: 26M CAKE ($449M)Bought back from the market to burn: $24MTotal CAKE Emission Rate: 14.25/block# of holders: 1,012,091 (+23%)🍽✅ Served Last MonthCharts In case you haven’t noticed, we added charts to our swap page! Now swapping while checking the trend of your favorite pairs has never been easier. In our basic charts, you can choose its time frame between 24 hours, 1 week, 1 month, and 1 year. You can also click the dual arrow button on top of the chart to flip the direction of the pair you’re currently viewing. And, needless to say — it looks fabulous both in light and dark mode.Charts Powered By TradingView On top of basic charts, for power users, we’ve been rolling out a limited release of a more advanced chart powered by TradingView. It comes with the beloved candle chart, detailed statistics, high fidelity data points, a wide rang...
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PancakeSwap Welcomes BENQI ($QI) to Syrup Pool!
Dear CAKE holders, we’re proud to announce a new Syrup Pool with BENQI — a decentralized non-custodial liquidity market protocol on Avalanche. The Syrup Pool: Stake CAKE tokens to earn $QI tokens!Total Tokens: 3,000,000 QIDistribution duration: 60 daysStart time: Approx. 11am UTC on November 18th 2021Finish time: Approx. 11am UTC on January 17th 2022Token rewards per block: 1.736 QI Max Stake per Wallet: 100 CAKE for the first 48 hours, then unlimited CAKE staking after that. The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm. The Farm: In order to host the BENQI Syrup Pool, we’ll need to provide a QI-BNB farm. The farm will have 1x CAKE rewards for the first 48 hours, then 0.5x rewards after that. The Vote:As we’re experiencing issues with the query API for voting power on our voting platform, there will be no voting for this Syrup Pool launch.Rest assured we are working to get the fix deployed ASAP. What is BENQI? BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi with a suite of yield-generating products. The platform offers a Lending and Borrowing Market, with Liquid Staking in development. Users are able to lend tokens to the protocol to earn interest and borrow tokens in an over-collateralized manner. The QI token governs the protocol to influence parameters and improvements for the BENQI suite of prod...
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PancakeSwap October Recap — Bounding into Year 2!
New IFOs, Pancake Squad, NFT Market Phase 2… year two is just getting started!Spooktober ReportData Recap — Overall. — Total Volume: $25.6BAverage Daily Volume: $825MUnique traders: 4.47M (+39.1% MoM)Unique onsite users: 12M (+18% MoM)7 CAKE staker reward pools (syrup + boost)BNB won in prediction: 686,572 / $275,136,129Total volume of positions placed: 196,653 BNB / $78,806,513NFT Market trading volume: 102,208 BNB / $56.6M, of which 2,044 BNB was used to buy back and burn CAKE — $CAKE. — Total burned: 26,384,423 CAKE ($514M)Bought back from the market to burn: $14.9MTotal CAKE Emission Rate: 14.5/block# of holders: 824,834 (+15%)🍽✅ Served Last Month — PancakeSwap NFT Market Phase 2. — The NFT Market went live on September 30th. Can you believe it’s only been one month?! Already, the Market reached a trading volume of over: 102,208 BNB in October (about $56.6M), of which 2,044 BNB was used to buy back and burn CAKE. Remember, we burn 100% of the trading fees (2% of each trade).It’s just getting started. We’ve been rolling out developments and new collections over the month, starting with Pancake Squad, followed by an ahead-of-schedule release of Phase 2. You might have noticed that the addition of new collections to the Market has been a little slow following the first few — this is actually because the release was ahead of schedule, and we’re still impr...
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AMA with DuelistKing, the next IFO project on PancakeSwap
Hi CAKE holders! It’s almost time for the next IFO with DuelistKing on 27th Oct. In order to get to know them deeper, we held an AMA (Ask Me Anything) with the team. Here’s how it played out!What is an IFO?An IFO (Initial Farm Offering) is a token launch event where you can buy brand new tokens using CAKE-BNB LP tokens.> Read more about the DKT IFO > Learn how to take partQuestions and Answers Q: Please briefly introduce yourself and the project, DuelistKing. A: My name is Nicole and I have been in the blockchain space since 2016 and my most recent job is Head of International Marketing at Tokocrypto — the largest exchange of Indonesia and the company behind TKO token — the 19th project launched on Binance launchpad. A bit intro about us: Powered by in-house Decentralized Autonomous Organization (DAO), Oracle and Random Number Generator, Duelist King is the first generational NFT card game that aims to transform the way people play, participate and earn in card games through top-notch game play, asset designs and advocacy for the sustainable future of Win2Earn. Q: Why did you choose PancakeSwap to land on the network? A: PancakeSwap is definitely one of the biggest names in the space that we wish to partner with and introduce our awesome game to the crypto space! As the first Gamify project to launch on PancakeSwap after 6 months, Duelist King has achieved a number of milestones to get here:comple...
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PancakeSwap September Recap — 1 YEAR!
PancakeSwap September Recap — 1 YEAR! On September 22, we turned 1 year old. And what a year! Join us in reviewing our 12th month, and looking forward to what’s coming next.Data Recap: September 2021OverallTotal Volume: $23.1BAverage Daily Volume: $770MUnique traders: 3.23M (+25.7% MoM)Unique onsite users: 10.14M (+2% MoM)7 CAKE staker reward pools (syrup + boost)BNB won in prediction: 686,572 / $275,136,129Total volume of positions placed: 196,653 BNB / $78,806,513$CAKETotal burned: 24,952,399 CAKE ($532M)Bought back from the market to burn: $12.64MTotal CAKE Emission Rate: 15/block# of holders: 720,405 (+11%)🍽✅ Served in September 2021PancakeSwap NFT Market Our first year came to a close with the launch of the fourth main pillar of our ecosystem! Trade, Earn, Win, and now… NFTs. Yesterday, we released Phase 1 of the PancakeSwap NFT Market. This is only the very first step in what’s going to become a core part of the PancakeSwap world. At time of writing, in just over 24 hours since launch, we already achieved some huge volume on only one collection: Trading volume: 9,214 BNB = 3,624,050 USD Fees taken to buyback & burn CAKE (2%): 184 BNB = 72,370 USD That’s a lot of CAKE to burn for just one day since launch! Coming soon:Oct 7: PancakeSquad NFT CollectionSoon: Phase 2 — buy & sell other collections More info below Visit the NFT MarketNew Site Navigation This month we rolled ...
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The Kitchen’s Getting Bigger (and We’re Still Hiring!)
As we get ready for the launch of the NFT Market and Pancake Squad, we’re also expanding our kitchen for a lot more chefs to join!That’s a lot of bunnies! …And dogs? Today we’re taking a break from our regular schedule to welcome not one, but SEVEN(!) new chefs to the PancakeSwap kitchen today.Head Chef First things first… it’s been one year now since Chef Hops first brought the bunnies together in the kitchen and set us off on this magical journey. As the kitchen has grown over the last year, and PancakeSwap has flourished into the huge community it has become today, it’s time to welcome another experienced leader to help take us on the next leg of our journey. Hops will be taking a step back and moving to an advisory role, working together with Snowball as we get started on the next steps in our fluffy journey. More from Hops on this soon 👀 So without further ado, let us introduce… Chef Snowball — Head Chef Chef Snowball has been working with us behind the scenes for a while now with the aim of bringing PancakeSwap to new heights as new Head Chef. Snowball’s been working in the crypto industry for a few years now and is bringing a lot of experience in managing big teams to the table.Starting with speeding up our hiring together with Hops, Snowball’s going to be leading the charge in the next phase of our development, and we’re flipping excited to work on what’s coming next.Engineers...
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Update on NFT Market Launch & Pancake Squad Details Revealed
Introducing more details about the #PancakeSquad NFT collection and the NFT Market launch date 🎂🎉🥳 We’re now only TWO DAYS away from our first birthday, and the bunnies in the kitchen are cooking at full speed to get ready for the celebrations. Development on the NFT Market is now in the final stretch, and should be ready to launch very soon. Unfortunately, we’re not quite going to make it by our initial target date of September 22. Here’s the updated schedule:🏪 NFT Market Target: September 30🐰 Pancake Squad Collection Target: October 7 Yes, it’s a few days later than hoped, but don’t worry — we’ve still got some exciting celebrations coming on our birthday! Read on for details.NFT Market — Why the Marketplace delay?. — While we haven’t hit any significant roadblocks in the development, our early Sep. 22 launch target was a little too optimistic, and announced a little too early before development was in full swing. Despite all our best efforts we haven’t been able to to get us there quite on time. We appreciate that everyone is super excited, and we apologize for this short delay. — Recap: NFT Market. — There are two initial phases currently planned:Phase 1: Buy & Sell approved PancakeSwap collectibles (PancakeBunnies and Pancake Squad)Phase 2: Buy & Sell other collections. Coming soon after Phase 1. Trading fees for Phase 1 will be set at 2%.🔥...
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Kitchen Interviews: Chef Cheems, the Lottery-obsessed Doggie.
Chef Nina interviews PancakeSwap front-end developer and dog, Chef Cheems 🦆Chef Nina: Have you ever wanted to know more about the chefs in the PancakeSwap kitchen? I used to be an admin of the community and had the same question for a long time. Well, since this duckie has now become a chef as well, I’m very pleased to announce that I’ll be starting a series of interviews with the chefs and introduce them to you! Our first guest is Chef Cheems, not a bunny but a doggy. This doggo was most excited about this interview, so selected at the top of the list. Hello Cheems! Please tell us about yourself. What is your role in the kitchen, and what have you done? 🐕 Chef Cheems: I am a front end developer at PancakeSwap, which means I make the UI part of it. I don’t develop smart contracts, although I do like peeking at our Solidity code and see what’s going on there.. I’ve made UI for PancakeSwap Info analytics, Farm Auctions, helped a bit with the Lottery, new APY calculator and did various UI improvements and bug fixes in other parts of the site. Lots of stuff I probably don’t even remember anymore :) 🦆 That sounds amazing! You’re involved in so many different products of PancakeSwap. What’s the biggest challenge you’ve faced so far when developing PancakeSwap? 🐕 I think the biggest challenge is time. We’re quite a small team and quite often one feature is developed mostly by 1 developer on UI and ...
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PancakeSwap August Recap
We’re almost one year old! That means it’s September, and time for our monthly update!Data Recap: August 2021 — Overall. — Total Volume: $23.744BAverage Daily Volume: $766MUnique traders: 2.57M (+29.8% MoM)Unique onsite users: 9.94M (+13.9% MoM)10 CAKE staker reward pools (syrup + boost)$6M in Syrup Pool rewardsBNB won in prediction: 661,875 / $264,544,324Total volume of positions placed: 25,458 BNB / $10,175,289 — $CAKE. — Total burned: 29,051,048 CAKE ($620M)Bought back from the market to burn: $15.3MTotal CAKE Emission Rate: 15/block# of holders: 651,430 (+22%)🍽✅ Served in August 2021Largest CAKE Emissions Reduction Ever On August 12th, the community voted to reduce CAKE block emissions from 19 per block to just 15 per block: a massive 44% reduction. This emissions reduction is the largest ever, and it’s so big we did it in stages to prevent a sudden drop in farm APR. The distribution of CAKE rewards is now:New total emissions = 15 CAKE per block5 CAKE per block go to yield farms and the lottery injections10 CAKE per block to Syrup Pools Just a reminder: at the start of PancakeSwap almost one year ago, CAKE emissions were 40 per block!Prediction V0.2 & Leaderboard PancakeSwap Prediction V0.2 is now live! Major updates in this release include:Price now updates approximately every 20 secondsFixed major bug where if you bet at the end there was a chance your bet would b...
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 | we2net Prepares for its Debut on PancakeSwap on April 15th
[PRESS RELEASE - Please Read Disclaimer]
Are you ready to revolutionize your investment opportunities? Look no further than we2net, the future of decentralized finance on Binance Smart Chain.
One of the most unique features of we2net is its permission-sharing mechanism, which ensures true decentralization and reduces developer control. Unlike other defi projects that are controlled by a single team, we2net offers a community-driven approach that allows investors to add initial liquidity and have a say in the project's development. This innovative approach is a game-changer in the world of defi.
But that's not all – we2net's security audit from Certik adds an extra layer of security to the project, ensuring that your investment is safe and secure. With we2net, you can invest with peace of mind and enjoy a wide range of financial products and services.
In addition to its unique design, we2net also offers an innovative Farm ecosystem and referral reward mechanism. By staking LP tokens, you can earn additional we2net tokens through the Farm ecosystem, providing an opportunity to earn even more from your investment. The referral reward mechanism incentivizes you to invite others to join the we2net community, promoting network expansion.
And with the offline team securing over $760,000 of initial liquidity and 230+ LP holders, we2net is poised for success. As the project's ecosystem expands and its community grows, the potential for investment opportunities only increases.
Do...
|  | Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchai...
On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees.New Features and Improved Capital Efficiency Offered in Pancakeswap Version 3
On Monday, Pancakeswap launched version three of its protocol on the Ethereum and Binance Coin (BNB) blockchains, following an announcement in the first week of March. 'It's Pancakeswap v3 Day. Tell us how excited you are,' the dex platform's official Twitter account posted. According to Pancakeswap developers, the latest iteration features improved capital efficiency, allowing liquidity providers to concentrate capital more efficiently.
While Pancakeswap v2 features a standard fee of 0.25%, users of Pancakeswap v3 can choose from four different fee tiers, which include 0.01%, 0.05%, 0.25%, and 1%. Pancakeswap developers explained that soon a VIP rewards program for v3 will be introduced, and dex traders will be able to obtain VIP trading fee rebates. So far, both v3 platforms on Ethereum and Binance Coin (BNB) have seen small volumes emerge.
At the time of writing, Pancakeswap v3 on Ethereum has very little volume, with only $3,672 recorded since its launch. Currently, the Ethereum-based Pancakeswap v3 pairs wrapped ethereum (WETH) with the stablecoins USDC and USDT. In contrast, Pancakeswap v3 on Binance ...
|  | Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in Apri...
On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform's yield farming experience.Pancakeswap Announces Version 3 Launch Date
Pancakeswap, the multichain dex platform, announced the launch of the program's third iteration, called Pancakeswap v3. The application is set to go live during the first week of April on the Binance Smart Chain (BSC). The new application will include new features, such as improved liquidity provisioning, competitive trading fees, trading incentives, and an enhanced yield farming experience, all accessible from a user-friendly interface.
The decentralized finance (defi) protocol Pancakeswap v2 supports other blockchains like Aptos and Ethereum in addition to BSC. Over the last 24 hours, dex platforms recorded $1.47 billion in dex trade volume, and Pancakeswap v2 is the second-largest dex by trade volume. In the last day, the dex platform Pancakeswap v2 recorded $97,179,718 settled. The exchange offers a much larger quantity of coins compared to Uniswap's 955 coins listed, as Pancakeswap provides trades with 3,223 tokens.
To celebrate the version three launch, Pancakeswap is offering an early supporter program with $135,000 worth of CAKE and a Pancakeswap v3 non-fungible token ...
|  | PancakeSwap (CAKE) Slides Below Range, Is This An Entry Point For Buyers...
PancakeSwap (CAKE) has been trading against the broad market, especially when major market movers have rallied. The coin has lost 0.8% over the last 24 hours and still depicts no decisive price action on the chart. Despite the CPI data release, the coin has remained unaffected by that development. CAKE traders are still wary of the asset's next price movement.
The technical outlook for the coin has painted a bearish picture on the chart. Although that seems to be the case, there could be a scenario in which CAKE makes a comeback. After rangebound trading for weeks, the coin has finally broken below its lower band, indicating a chance of a price appreciation. This could prove beneficial for traders who are planning to log gains from the crypto.
Risk-averse traders, however, should be careful about investing as the coin still continues to signify a further potential loss over the immediate trading sessions. The asset is still hovering around pockets of high liquidity, which could prove to be a negative point for traders. For CAKE to register further gains, the coin has to breach some vital trading levels.
PancakeSwap Price Analysis: One-Day Chart
At press time, CAKE was exchanging hands for $3.80. The coin just fell below the lower band of the restricted price zone. CAKE was sandwiched between the $4.20 and $3.90 price bands, which represented increased selling. The coin's immediate price ceiling was $4.08; a move above that could cause the coin to revisit $4.30.
Breaching th...
|  | CAKE Not Looking Delectable For Investors Despite PancakeSwap's Progress
As of late, PancakeSwap has been working with Hashflow to offer HFT payouts on its staking platform. The Tweet implies that this will make it possible for someone to utilize PancakeSwap to 'farm' HFT tokens for profit.
For a decision to be voted on by PancakeSwap users, it must be supported by the votes of 60% of HFT token holders, as is customary in the DeFi community.
Let's take a quick glance of how CAKE has been performing of late:
Overall, the DEX is making great strides
When compared to its risk, CAKE's volatile price and low return make it unappealing
If a bearish breach occurs, the price might fall below $3.575
The positive developments for PancakeSwap don't end here. The DEX made headlines in October when it offered to its community that it switch from the BNB chain to the Aptos mainnet. The overwhelming majority of locals responded favorably to this plan.
In contrast, CAKE, PancakeSwap's native coin, is struggling. From what we can tell, CAKE is on the upward, but a monthly pessimistic comment casts a shadow over the positive picture.
Not Appealing Enough To Potential Financiers? CAKE may be a sweet-sounding asset, but it is currently performing poorly. After dropping precipitously due to FTX's demise, the price is now only fluctuating sideways.
The token has recovered since then, with recent support being located at $3.943. Its price fluctuates between $4.433 and $3.575 per share.
Chart - TradingView
As a token, Messari metrics likewise do not look particularly...
|  | PancakeSwap Watch: CAKE Trading Volume Spikes Over 50% In 24 Hours
PancakeSwap (CAKE), just like any other cryptocurrency, has had its share of ups and downs.
PancakeSwap registers over 53% increase in 24-hour trading volume
PancakeSwap among trending BNB projects today
CAKE’s next resistance level could be at $5
Just two months after it was launched on September 2020, the token hit its all-time low to date. Back then, it was trading at just merely $0.19.
Today, a quick glance of data provided by CoinGecko shows the 68th ranked crypto by market capitalization trading at $4.80. It is way below its $43.96-all-time high that was attained on April 30, 2021.
CAKE might have lost 89% of that impressive trading value, but that does not necessarily mean the token is not commanding strong interest among traders.
If anything, current data shows Christmas came early for the digital asset.
PancakeSwap Outperforms Many Cryptocurrencies
The crypto market is continuing to deal with bearish conditions, but CAKE was able to pull off an impressive feat – close the day and the week in green and outperform many of its competition.
Over the last seven days, the governance token of PancakeSwap was able to increase its value by 9.4% and is one of the few digital assets to be “on the green” in today’s market.
Source: CoinGecko
Its price recovery is not the only thing that is impressive about CAKE right now. Its 24-hour trading volume is also standing mighty strong.
In fact, there was a 52% increase in the token’s trading vol...
|  | Cake DeFi Launches Blockchain Hub Birthday Research With $50 Million Inv...
Decentralized finance (DeFi) platform Cake DeFi will set up a global R&D hub called Birthday Research to develop best-in-class technologies for the blockchain and digital asset sectors.
The project said its initial budget will be set at $50 million.
Cake DeFi's Research Hub
Based in Singapore, Birthday Research will have a budget of $50 million to be spent over the next four years. The headcount at Cake DeFi's current R&D department will grow to over 100 members from around 50 now, Cake Defi said in a PR shared with CryptoPotato on Tuesday.
“The launch of our global R&D hub, Birthday Research, in Singapore supports the Singapore Government’s direction on digital asset innovation. We are committed to building the B2B digital asset infrastructure and uplifting Singapore’s blockchain ecosystem to drive innovations in fintech,” said Dr. Julian Hosp, Co-Founder, and CEO of Cake DeFi.
New R&D Focus Areas
Birthday Research will aim to support institutions with blockchain infrastructures such as node, custody, and keys management through open-source blockchain R&D. Besides, it will try to develop a 'SWIFT' system for decentralized finance.
An important task that the upcoming R&D hub will perform is bringing all product innovations and developments of Cake DeFi into a technology stack of B2B solutions. Another field in which Birthday Research will try to contribute is traditional finance. It will attempt to find solutions to existing pro...
|  | CAKE Sets Sights For $5 After More Than 7 Million Tokens Are Sent To A F...
The Pancakeswap token (CAKE) has been one of those cryptocurrencies that have been steadily growing in the background. The popularity of the decentralized exchange (DEX) contributed tremendously to its rise until it took a hit in the bear market like other digital assets. However, a new development has opened up new promises as millions of CAKE tokens have been removed from circulation.
7 Million Burned CAKE
A scheduled burn had seen millions of CAKE tokens taken out of circulation. Pancakeswap announced the burn on Twitter with figures showing that a total of 7,123,715 CAKE had actually been sent to a burn address. The total dollar value came out to around $29 million.
The team also reported growth across various spheres. The first was a 17% increase in trading fees, accounting for 334,000 CAKE and a dollar value of $1.38 million. Lottery and pottery saw a 28% increase with 40,000 CAKE with a dollar value of $166,000. The largest increase was in the NFT Market, Profile, and Factory, with a 215% increase of 16,000 CAKE and a dollar value of $65,000.
CAKE finds support above $4 | Source: CAKEUSD on TradingView.com
Others, such as the Prediction and Auction, were listed with declines. The auction had seen a decline of 1%, translating to 15,000 CAKE with a dollar value of $62,000, while Prediction dropped 18% with 75,000 CAKE, a dollar equivalent of $308,000.
Ready For Another Bounce? The burn announcement had sent CAKE’s price on an initial impressive rally that s...
|  | PancakeSwap Adds Some Sweetness, Expands 6% In Last 7 Days
PancakeSwap (CAKE) most recent recovery sped up its bullish momentum as shown in the daily 20 and 50 EMA.
PancakeSwap looking bullish
CAKE price plunges 3.25%
DMI shows neutral
With the current economy of cryptocurrencies, traders need to know when it’s time to dip their toes and carve their potential to become millionaires.
The ensuing growth of PancakeSwap has brought the alternative coin dangerously close to its short-term EMAs. But in the upcoming sessions, the $4.4-$4.2 area might continue to present obstacles to recovery.
CAKE Shows Rising Wedge Recovery
The rising wedge recovery that CAKE experienced set the stage for its bullish revival. But by re-igniting the relatively brief selling pressure, the $4.2-$4.4 range changed from support to resistance.
According to figures by Coingecko, PancakeSwap is up 6% in the last seven days, and trading at $3.95 as of press time.
Before hitting roadblocks in the immediate resistance range, a potential rebound from trendline support might help buyers advance near-term gains.
Near the EMAs, a slow-moving phase has been caused by these motions. A strong reversal from the trendline support might give the bulls the upper hand and spark a choppy break.
The 20 EMA was able to go above the 50 EMA despite a patterned breakdown, and the currency found support close to the trendline resistance.
.com
In the $4.2-$4.4 level, the current bounce from trendline support may reverse. A bounce back from this range would set up the coin for...
|  | Thinking to Buy Bitcoin? New Cryptocurrency Battle Infinity Lists on Pan...
Bitcoin may be the biggest cryptocurrency by popularity and market cap, but are there better alternatives that can produce even bigger gains?
Some of the best ICOs have provided massive returns for investors, and IBAT is getting ready for its listing on PancakeSwap (its IDO).
Is it a Good Time to Invest in Bitcoin? The global lockdowns led to financial market turmoil, but that period proved to be the best time for investing. Bitcoin (BTC) dropped to just over $4,000. That shook the market, but investors who bought BTC at the time went on an epic rally in the next 18 months.
Bitcoin reached its all-time high (ATH) of $69,000 in November 2021. A massive market crash followed, with BTC losing 73% of its value. The worst part is that many investors expect further downside. The market is very bearish at the moment, and Bitcoin seems to be out of steam to make a new ATH.
Bitcoin has slightly recovered since its crash, but it seems that its latest price action is a bounce from the ATH set in 2018. So the market expects a short-term rally before Bitcoin turns on itself and continues a multi-year bear market.
If Bitcoin isn’t due for a massive rally, then which coin could be?
Battle Infinity Lists on PancakeSwap
The crypto market has revealed that a token’s biggest volatility usually happens during major listings and catalyst events. Battle Infinity will have both of those soon. The first big news is that Battle Infinity’s token, IBAT, will be listed on PancakeSwap o...
|  | PancakeSwap (CAKE) Soars 9% as Binance Labs Makes a Strategic Investment
The price of PancakeSwap's native cryptocurrency - CAKE - skyrocketed by as much as 9 percent today as Binance Labs revealed a strategic investment into the decentralized exchange.
PancakeSwap is the veteran and leading decentralized exchange (DEX) on the BNB Chain, and it has been the predominant one in terms of overall trading volume since its launch.
Today, the investment arm of the world's largest cryptocurrency exchange, Binance Labs, revealed that it has made a strategic investment into the utility and governance token of PancakeSwap - CAKE.
PancakeSwap has been leading the development and mass adoption of BNB Chain. Given that PancakeSwap is the most widely used dApp and the DeFi project with the highest TVL (read: total value locked) on BNB Chain, we have and will continue to provide strong support for the project.
The announcement doesn't reveal the sum of the investment, but it had an immediate impact on CAKE's price.
Source: Binance, powered by TradingView
At the time of this writing, the cryptocurrency is trading at around $4.68, which is an increase of roughly 6%, but it had peaked at slightly below $5 a few hours ago.
This also comes on the back of a broader market rally where Bitcoin's price is approaching $31,500, ending the streak of nine consecutive red weekly candle closes.
|  | SpartaCats Meme Coin PURR Lists on Two DEXs: PancakeSwap and FlatQube
On June 4, 2022, the meme coin project SpartaCats, whose purpose is to unite meme coins and NFT enthusiasts into a one-for-all smart ecosystem, added its native token PURR to the listings of two decentralized exchanges: PancakeSwap and FlatQube. On the same day, SpartaCats launched liquidity pools, followed by a farming program on BNB Chain and Everscale.
On the first day of trading, the coin showed an X8 price increase, and this is definitely a good start, since the project by all indications promises to become a new Dogecoin, which showed an increase of 15,000%. So buying a PURR token early is definitely an event not to be missed.
Who Are SpartaCats? SpartaCats is the first meme coin project in history that has real utility value. It is also an independent autonomous decentralized organization (DAO) of the same name based on self-government, with the PURR token at the heart of its economy.
An important part of the SpartaCats philosophy is understanding the role of cats in our lives. Cats are objectively more popular than dogs in most countries, and there is probably no need to talk about how many memes with cats exist. Yes, there are a lot more cat memes than dog ones. At the same time, today, the place of cats in the meme coin market is free, and this is the place that SpartaCats will occupy! This furry army is ready to go into battle,
because in addition to their charm, they have something very significant that they can oppose to dog meme coins.
How Does PURR Differ from ...
|  | MemeBank to List On Pancakeswap on June 7th
PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) will soon be listed at Pancakeswap on June 7th, 2022.
The development team defines the project as a centralized exchange that solely focuses on the listing and trading of memecoins, tokens with high growth potential and strong appeals among young adults. The famous resemblance is Dogecoin, which was a lazy copy of Bitcoin originally designed to be used for paying restaurant tips. The price of the token skyrocketed by 500x in only two years. However, behind the success of Dogecoin are many memecoins that got left behind. On average, there are 20-30 new blockchain project launches per day and most of them will die out because of the lack of follower-base and early marketing. To help increase projects' survivabilities, MemeBank introduces a vote-to-list solution that effectively facilitates public acceptance of projects. MemeBank is a CEX that charges no listing fees, instead, projects only need to raise a sufficient amount of upvotes in order to be listed.
As Alec Rubal, one of the MemeBank co-founders pointed out, 'An exchange can't make money when its users can't profit from it.' MemeBank is not only startup-friendly but starter-friend...
| | PancakeSwap's New Proposal Aims to Cap CAKE Supply at 750 Million
Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that details several goals of its native token, CAKE. It garnered a 98.8% majority across 11 million votes in a voting window of a 24-hour period, while opposition accounted for a mere 131K participants.
The second iteration of PancakeSwap's tokenomics roadmap imposes a maximum supply cap of 750 million for the CAKE token.
The proposal, which received overwhelming support from the participants, stated that 'a max supply cap, and also incentives for an even smaller effective circulating supply better reflect the value, community, and sustainability' of the application.
'We propose a maximum supply cap of 750 Million (750M) for CAKE, and will introduce revised tokenomics for locked CAKE, such as bringing boosted IFO benefits and farm yields to our users'
The current circulating supply of CAKE stood at a little over 294 million. Assuming there are no changes in terms of its ongoing rate of emission, the circulating supply would take nearly three years to reach the cap.
Besides reducing the total supply of the token, the proposal also outlines introducing additional utility and incentives to users to lock their CAKE.
This includes adding value to the Pancake staking system via vCake, bCake, and iCake, which are being developed to ramp up farming rewards, foster IFO benefits as well as increase governance voting capabilities.
The main idea is to effectively reduce the circulating supply of C...
|  | Cake DeFi Introduces New Product – Borrow – Enabling Users t...
[PRESS RELEASE - Singapore, Singapore, 28th April 2022]
Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralized finance) services and applications accessible to everyone, is thrilled to introduce a new product called “Borrow” to give its users novel opportunities to strengthen their crypto portfolios and potentially boost their returns.
The new product enables users to borrow Decentralized USD (DUSD) by pledging Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC) and DFI as collateral. Users can use a combination of these cryptocurrencies as collateral, as long as at least 50% of the collateral is DFI.
The borrowed DUSD can be used to purchase items or invest in products that generate passive income such as Cake DeFi’s Lending, Staking and Liquidity Mining, where returns north of 70% APR are rather the norm than the exception. Borrow gives users a better option than just HODLing by providing them with liquidity that they can put towards generating predictable passive income.
“We are excited to launch Borrow to provide users with more liquidity to invest in DeFi services while holding on to their assets. DeFi empowers people to generate passive income on their cryptocurrencies without the constant need to trade. It is our goal at Cake DeFi to keep bringing such innovative services to our users,” said Dr. Julian Hosp, Co-founder and CEO of Cake DeFi.
Cake DeFi is a fully transparent, highly innovative and regulated globa...
|  | Biggest Movers: STEPN GMT Remains Close to Record Highs, as GRT and CAKE...
Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today's session. GRT was another big gainer in Thursday's session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses.
The Graph (GRT)
Newly formed GMT was undoubtedly today's top gainer, climbing by over 20%, however due to its infancy in the markets, there is not enough history to support a true technical view of its price movement.
However, another token with similar initials also conjured up double-digit gains on Thursday, and that is in fact GRT.
GRT/USD rose to an intraday high of $0.4084 during today's session, which saw its price up by over 11% earlier in the day.
This peak follows on from a low of $0.3472 on Wednesday, which was close to its long-term support level of $0.3410.
Bulls have since carried prices from support to a now resistance level of $0.4040, which has now held, as earlier gains have eased.
GRT is now trading at $0.3779, whilst the 14-day RSI is also hovering below its own ceiling of 50.13, which could be the main obstacle preventing price from climbing back above $0.4000.
Pancakeswap (CAKE)
CAKE rebounded from a recent multi-week low on Thursday, as bulls seemed to have re-entered, following Tuesday's engulfing bear candle.
As of writing, CAKE/USD hit a peak of $8.37 earlier in the day, as prices moved away from a recent support level.
This floor was at $7.40, and comes after a marginal breakout, which took price ...
|  | Biggest Movers: CAKE Hits $10, as DOGE Rises for a Second Consecuti...
DOGE was once again higher on Monday, as traders bought the token, days after a video about the meme-coin was shared by Elon Musk. This came as CAKE was also a big mover today, climbing beyond the $10 mark, hitting a multi-month high in the process.
Dogecoin (DOGE)
DOGE rose for a second consecutive session, as bulls continued to pile into the meme-coin, following a recent tweet from Elon Musk.
Following a low of $0.1366 on Sunday, DOGE/USD rallied to a peak of $0.1553 in today's session, as prices were nearly 6% higher.
Today's peak is the highest level DOGE has traded since February 14, and comes following a breakout of the $0.1510 resistance level.
However, this ceiling has been relatively firm, with prices falling from earlier highs, as the move gradually turns into a false breakout.
Looking at the chart, DOGE is now trading at $0.1507, and the 14-day RSI indicator also hovers below its own ceiling of 65.70.
As a result of slowing momentum, bears in the market are likely anticipating a reversal, and waiting for the perfect time to re-enter.
Pancakeswap (CAKE)
Despite crypto markets being lower across the board on Monday, there were some notable exceptions, which were able to rise higher.
One of these tokens that climbed higher was CAKE, which gained by as much as 7% to start the week.
CAKE/USD surged to its highest level since January 21 on Monday, as prices hit an intraday high of $10.22
The price of CAKE has surged in the last few weeks, as it bounced from support o...
|  | Mars4 Embraces a Multi-chain Future with PancakeSwap Listing
Investors from all over the world are looking for the freshest projects to increase their returns. They might come across the MARS4 project that has been continuously growing and appearing on more and more platforms. Now listed on PancakeSwap, MARS4 is more accessible than ever as it became a multichain project.
What is MARS4? MARS4 is a blockchain-based Play-to-Earn game project split into three interconnected parts: land plot NFTs, MARS4 dollars and the upcoming game. These elements come together, allowing players to experience virtual Mars and provide the tools to earn from it.
MARS4 NFTs are land plots on virtual Mars that were modeled after NASA’s data to give the most accurate experience of the Red Planet. Their topography will be used for playable zones, so landowners of Mars will be able to interact with their NFT, explore and even terraform it.
MARS4 will be a survival game where players struggle against the harsh realities of the Red Planet, explore the vast land and build their dream constructions. The main goal of the MARS4 game developers is to create a fun and captivating game that allows players to gain financially from it.
The first playable version of the game will be available from 2022, Q3. It will be a single-player sandbox building and survival experience where the developers and community will refine the mechanics together. Later on, a multiplayer version is planned to be released making MARS4 the first virtual Mars metaverse.
Why is it worth buyi...
|  | Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday
AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday's gainers.
Pancakeswap (CAKE)
Pancakeswap (CAKE) rose to its highest level in almost four weeks on Thursday, as it moved away from its recent lows.
Following a bottom of $5.37 on Wednesday, which was close to a one-year low, CAKE/USD climbed by as much as 21% today.
CAKE rallied to an intraday high of $7.19 in Thursday's session, which is its highest level since February 21.
This high came as price strength also gained, blowing past its recent ceiling on the 14-day RSI indicator in the process.
Since passing the resistance of 42, the RSI is now tacking at 50.65, which is marginally above another ceiling at 49.15.
Should this momentum continue, we could see CAKE tracking at $8.35.
Avalanche (AVAX)
Avalanche (AVAX) further cemented its place as the world's tenth-largest cryptocurrency on Thursday, as it rose by as much as 15% on the day.
As of writing this, AVAX/USD rallied for a fourth consecutive session today, rising to a high of $81.48 in the process.
This follows a peak of $73.83 on Wednesday, and brings the seven-day average gain to 10.35%, despite recent bearish market sentiment.
Looking at the chart, the 10-day moving average continues to approach the 25-day, which is setting the scene for a potential upward cross.
One of the only visible hurdl...
|  | Cake DeFi Launches A $100 Million Investment Arm To Foster Web3 And Gami...
Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to $100 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure.
Cake DeFi Goes The Extra Mile
Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake DeFi team makes both verticals more accessible by focusing on a streamlined user experience without unnecessary bells and whistles.
The Cake DeFi platform makes decentralized finance products and services straightforward to use. Moreover, users can achieve high returns regardless of their expertise or technical knowledge. Users can start their crypto journey as a novice or build a strong portfolio as an existing crypto enthusiast. Additionally, there are options to earn free crypto by going through educational content and short quizzes.
Numbers-wise, Cake DeFi paid out $230 million in rewards to its users throughout 2021. Moreover, customer assets were grown by 6x on average, ensuring users receive a healthy return on their committed funds. The team intends to pay out $400 million in customer rewards by late 2022, although that number may rise to $1 billion.
The approach by Cake DeFi has ensured the project h...
|  | Fintech Platform Cake DeFi Launches a $100 Million Venture Arm to Invest...
The Singapore-based financial technology company – Cake DeFi – introduced its corporate venture arm, called Cake DeFi Ventures. With $100 million in earmarked capital, the feature will enable the firm to interact with Web3, gaming, and fintech startups.
In addition, Cake DeFi partnered with The Edge of Company to hop on the NFT bandwagon.
The New Development
According to a document seen by CryptoPotato, Cake DeFi Ventures (CDV) will be headquartered in Singapore (just like its parent company). The venture arm will invest in tech startups across Web3, the Metaverse, the NFT space, esports, gaming, and the fintech universe.
The heads of CDV will be Cake DeFi's Co-Founders - Dr. Julian Hosp and U-Zyn Chua. The former is a blockchain entrepreneur and an experienced participant in the cryptocurrency ecosystem. One of his visions include bringing blockchain awareness and understanding to 1 billion people by 2025. Commenting on the most recent feature, Dr. Hosp said:
'By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake's current status as Singapore's and Southeast Asia's fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.'
U-Zyn Chua is an enthusiast and investor in the digital asset market. His main interest is decentralized systems, specifically their design and development. He believes that CDV will enable Cake DeFi to successfully intera...
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