Search results for: pancakeswap

About 3.75% of CAKE’s circulating supply was burned in the latest round. Buoyed by whales’ accumulation, the token’s prospects looked bullish. PancakeSwap removed more than seven million CAKE tokens out of circulation as part of its burn program, intended to add deflationary pressure on the coin. The tokens burned were worth $30 million in value.Continue reading “Less CAKE on the menu? This is how PancakeSwap intends to make party bigger”

The count of active users on PancakeSwap in the last month totaled 1.37 million. CAKE’s buying pressure is on a decline, hence a price correction might be due.  With 1.37 million users in the last 30 days, PancakeSwap led as the decentralized finance (DeFi) protocol with the most active users in the last month, dataContinue reading “PancakeSwap: Jump in active user count leads to a surge in revenue”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion CAKE formed a bearish rising wedge channel pattern.  PancakeSwap saw an increase in total value locked (TVL). PancakeSwap [CAKE] posted about 9% gains after the FOMC announcement. However, its price action in the sameContinue reading “PancakeSwap’s momentum slowed- Will CAKE form a plateau or go south?”

PancakeSwap daily users increased significantly and broke into the top five. CAKE was overbought and selling pressure could increase. With a Daily Active Users (DAU) of 127,790, PancakeSwap [CAKE] was able to climb to fourth per the metric, Token Terminal revealed. According to blockchain data analytics platforms, it took a 12.1% increase in 24 hoursContinue reading “PancakeSwap active users climb, but will investors miss out on CAKE”

PancakeSwap remained popular among the whales. However, the metrics and market indicators gave an ambiguous picture.  PancakeSwap [CAKE] has remained pretty consistent with its burn process, which reflected the token’s deflationary characteristic. The network recently revealed that it burned CAKE worth over $27 million.  🔥 6,992,717 $CAKE just burned – that’s $27M! 💰 Trading feesContinue reading “PancakeSwap sees whale interest, but the price pump should not fool investors”

80% of UNI token holders voted in favor of a V3 deployment on BNB Chain. Uniswap V3 has seen increased adoption since its launch in 2021. Uniswap’s [UNI] proposal to float its V3 deployment on the BNB Chain passed the “temperature check” on 22 January, with 80% of total votes cast in favor of theContinue reading “Uniswap to give PancakeSwap a run for its money with V3 deployment… Details inside”

CAKE’s price increased by 5% in the last 24 hours. Metrics looked bearish while the market indicators supported the bulls. PancakeSwap [CAKE] recently announced that it will launch a new lottery jackpot to celebrate the lunar new year. This special Lunar New Year lottery campaign offers the chance to win up to 26,530 CAKE. UsersContinue reading “PancakeSwap: Decoding what lies ahead for CAKE holders in long term”

CAKE becomes the most traded token among the top 100 BSC whales. CAKE’s price pump might continue further as the metrics and indicators are positive.  PancakeSwap [CAKE] revealed new information for bCAKE farmers on 13 January. With this new update, farmers can now activate boosters on two farms with an adjusted boost multiplier. To takeContinue reading “PancakeSwap: Assessing what’s in store for CAKE considering these updates “

Uniswap generates record fees and outperforms competitors. The network shows strong financial performance with declining user activity. In the crypto space, Uniswap performed exceptionally well in terms of the fees it generated over the past year. According to data provided by the token terminal, Uniswap ranked 3rd in terms of fees generated, outperforming other protocolsContinue reading “Uniswap dominates crypto fee rankings, surpassing PancakeSwap and LIDO”

PanCakeSwap announced its latest proposal for adjustments to the Farm Rewards. A few of the metrics were supportive of a price surge for CAKE, while the indicators were bearish. On 5 January, PancakeSwap [CAKE] updated the crypto community regarding its latest proposal for adjustments to the Farm Rewards. To clear the air, these adjustments doContinue reading “PancakeSwap records few positive updates, but CAKE may topple soon”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion PancakeSwap reached the highs of a short-term range The longer-term trend remained bearish The market structure of PancakeSwap has remained bearish on the price charts since 11 December. The token found good support at $3.11,Continue reading “PancakeSwap could climb to $3.3 this week but short-term bulls can wait for…”

Primal joined PancakeSwap’s Syrup Pool Farm  Despite updates around the ecosystem, investor concerns still revolve around the future of CAKE PancakeSwap [CAKE] recently announced that Primal, an athlete-fan token project, joined its syrup pool farm starting 28 December. With this new development, users will now be able to stake CAKE in order to earn PRIMAL.Continue reading “Will PancakeSwap’s newfound popularity impact CAKE in the days to come”