{"id":259897,"date":"2022-09-26T13:00:19","date_gmt":"2022-09-26T07:30:19","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=259897"},"modified":"2022-09-26T12:43:02","modified_gmt":"2022-09-26T07:13:02","slug":"cake-is-about-to-be-baked-traders-might-benefit-from-pancakeswap-if","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cake-is-about-to-be-baked-traders-might-benefit-from-pancakeswap-if\/","title":{"rendered":"CAKE is about to be baked, traders might benefit from PancakeSwap if&#8230;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">PancakeSwap has grabbed the attention of traders recently. This, after it registered a promising performance in the last few days. Despite the current bearish market condition, CAKE managed to outperform its competitors to remain in the green territory.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing on 25 September, CAKE\u2019s value had increased by over 4% in the last seven days and was trading at $4.57 with a market capitalization of $652,034,047. Though there can be several reasons for this surge, multiple positive developments in the community might have fueled this episode.\u00a0<\/span><\/p>\n<h3>What\u2019s going on?<\/h3>\n<p><span style=\"font-weight: 400;\">While CAKE\u2019s price grew, several interesting developments happened in the community, which helped CAKE gain attention. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, CAKE ranked just behind the top performer XRP in the list of the top 10 coins by 1-week AltRank. This ranking is a massive bull signal as it suggests that the coin\u2019s price has a higher possibility of going up in the coming days.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">While global <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> activity is down this week, the Top 10 Coins by 1-week AltRank\u2122 are:<\/p>\n<p>\ud83e\udd47 <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a><br \/>\ud83e\udd48 <a href=\"https:\/\/twitter.com\/search?q=%24CAKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CAKE<\/a><br \/>\ud83e\udd49 <a href=\"https:\/\/twitter.com\/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ALGO<\/a><br \/>4\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a><br \/>5\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XLM<\/a><br \/>6\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SAND<\/a><br \/>7\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24BABYDOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BABYDOGE<\/a> <br \/>8\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24CRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CRO<\/a><br \/>9\u20e3 <a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BNB<\/a><br \/>\ud83d\udd1f <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a><\/p>\n<p>Insights: <a href=\"https:\/\/t.co\/LUWCvFrLrD\">https:\/\/t.co\/LUWCvFrLrD<\/a> <a href=\"https:\/\/t.co\/TKP3mGEoSi\">pic.twitter.com\/TKP3mGEoSi<\/a><\/p>\n<p>&mdash; LunarCrush (@LunarCrush) <a href=\"https:\/\/twitter.com\/LunarCrush\/status\/1573443834130079744?ref_src=twsrc%5Etfw\">September 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, CAKE was also trending on CoinMarketCap for being one of the most BNB chain trending projects. This signifies the popularity of the token in recent days, which in itself is another positive signal.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89 Top Trending <a href=\"https:\/\/twitter.com\/BNBCHAIN?ref_src=twsrc%5Etfw\">@BNBCHAIN<\/a> Projects on <a href=\"https:\/\/twitter.com\/CoinMarketCap?ref_src=twsrc%5Etfw\">@CoinMarketCap<\/a> Last 7 Days\ud83d\ude80<\/p>\n<p>\ud83e\udd47 <a href=\"https:\/\/twitter.com\/search?q=%24QUACK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$QUACK<\/a> <a href=\"https:\/\/twitter.com\/RichQuack?ref_src=twsrc%5Etfw\">@RichQuack<\/a><br \/>\ud83e\udd48 <a href=\"https:\/\/twitter.com\/search?q=%24ARV&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ARV<\/a> <a href=\"https:\/\/twitter.com\/ArivaCoin?ref_src=twsrc%5Etfw\">@ArivaCoin<\/a><br \/>\ud83e\udd49 <a href=\"https:\/\/twitter.com\/search?q=%24CAKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CAKE<\/a> <a href=\"https:\/\/twitter.com\/PancakeSwap?ref_src=twsrc%5Etfw\">@PancakeSwap<\/a><a href=\"https:\/\/twitter.com\/search?q=%24LUNAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNAT<\/a> @LunaticsToken\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/CMC?src=hash&amp;ref_src=twsrc%5Etfw\">#CMC<\/a> &#8211; the world&#39;s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space\ud83d\udd25<a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> <a href=\"https:\/\/t.co\/2dao5KUDqE\">pic.twitter.com\/2dao5KUDqE<\/a><\/p>\n<p>&mdash; BSCDaily (@bsc_daily) <a href=\"https:\/\/twitter.com\/bsc_daily\/status\/1573628805998170112?ref_src=twsrc%5Etfw\">September 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, several on-chain metrics also indicate better days for the token ahead. For instance, CAKE\u2019s development activity registered a considerable uptick. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As development activity represents developers\u2019 effort in improving a blockchain, things look good for CAKE. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, CAKE\u2019s social volume also increased in the past month, which proves why it was trending. Not just this but CAKE\u2019s NFT space was also heated after the total NFT trade volume in USD grew during the last week.<\/span><\/p>\n<figure id=\"attachment_259898\" aria-describedby=\"caption-attachment-259898\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022.png\"><img decoding=\"async\" class=\"wp-image-259898 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/PancakeSwap-CAKE-16.12.39-25-Sep-2022-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-259898\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3>Going forward<\/h3>\n<p><span style=\"font-weight: 400;\">CAKE\u2019s daily chart also painted a similar bullish picture as most of the market indicators were in buyers&#8217; favor. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, a bullish ascending triangle pattern was formed in CAKE\u2019s chart, which further increased the chances of a northbound breakout soon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) registered an uptick, which was yet another bullish sign. The Exponential Moving Average (EMA) Ribbon indicated that the buyers had an advantage in the market as the 20-day EMA was above the 55-day EMA. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Chaikin Money Flow (CMF) was in a neutral position, this might cause hindrance in CAKE\u2019s next uptrend.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_259899\" aria-describedby=\"caption-attachment-259899\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18.png\"><img decoding=\"async\" class=\"wp-image-259899 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18.png\" alt=\"\" width=\"1814\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/09\/CAKEUSDT_2022-09-25_16-19-18-1536x659.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-259899\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>PancakeSwap has grabbed the attention of traders recently. This, after it registered a promising performance in the last few days. Despite the current bearish market condition, CAKE managed to outperform its competitors to remain in the green territory.\u00a0 At the time of writing on 25 September, CAKE\u2019s value had increased by over 4% in the<a href=\"https:\/\/ambcrypto.com\/cake-is-about-to-be-baked-traders-might-benefit-from-pancakeswap-if\/\">Continue reading <span class=\"sr-only\">&#8220;CAKE is about to be baked, traders might benefit from PancakeSwap if&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":259901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-259897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CAKE is about to be baked, traders might benefit from PancakeSwap if... - AMBCrypto<\/title>\n<meta name=\"description\" content=\"PancakeSwap has grabbed the attention of traders recently. 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