The value of the native token on PancakeSwap has decreased during the last week. According to CMC, the price of the CAKE token has dropped by around 22.76% over the last week. Since uncertainty surrounds a planned modification to the project’s tokenomics. The BNB Chain is the foundation for PancakeSwap,
PancakeSwap, a decentralized finance (DeFi) protocol, has released version 3 of its automated market maker platform on BNB Chain and Ethereum, which brings with it increased speed and decreased costs. Liquidity providers will now be able to deploy capital at more granular pricing points, which will increase capital efficiency. Given
Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new
PancakeSwap uses an automated market maker (AMM) approach. Despite today’s uptick, the token remains on a long-term downward trend. An investment in PancakeSwap’s $CAKE token, a utility and governance token, has been made by Binance Labs. PancakeSwap is a BNB Chain-based decentralized exchange. It is part of Binance Labs’ objective
IoTex (IOTX), which all started off as an open-sourced project mainly based upon blockchain technology, implementing its own blockchain. Upon creating a complete hot fire last week after surging for more than 100%, yet again IOTX is in the limelight now. After partnering with many Decentralized Finance (DeFi) platforms and
In PancakeSwap (CAKE) Technical Analysis 2021, we use past statistics, price analysis, RSI, RVOL, and much other information about PancakeSwap to analyze the future movement of the cryptocurrency. PancakeSwap is an automated market maker (AMM) which is a decentralized finance (DeFi) app that enables users to exchange tokens, providing liquidity
PancakeSwap price increases after $72.3 million of CAKE burn 530K new tokens are distributed daily through staking pools and liquidity farming. PancakeSwap’s CAKE token price surged after the exchange ends its weekly token burn, however, reducing the token supply by 5.3 million. Moreover, it jumped 11% prior to cooling off
With regards to digital assets, crypto Twitter gets a great deal of power. This is the reason the price elements get influenced by gigantic rallies and sensational decreases. Twitter volume affects the VORTECS™ Score. It’s anything but an AI calculation that thinks about historical and current economic situations around digital
