{"id":285985,"date":"2023-01-21T23:00:09","date_gmt":"2023-01-21T17:30:09","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=285985"},"modified":"2023-01-21T15:44:22","modified_gmt":"2023-01-21T10:14:22","slug":"pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\/","title":{"rendered":"PancakeSwap: Decoding what lies ahead for CAKE holders in long term"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">CAKE\u2019s price increased by 5% in the last 24 hours.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Metrics looked bearish while the market indicators supported the bulls.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">PancakeSwap [CAKE]<\/span><span style=\"font-weight: 400;\"> 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. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users can start purchasing tickets from 27 January. Following the first sale of 3,000 tickets, the jackpot will receive 100 CAKE for every 1,000 tickets sold. Interestingly, PancakeSwap will add 0.1 CAKE to the jackpot for each retweet and like of the campaign tweet.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u23f0 The Lottery Jackpot will be drawn on Round 792, Saturday 28, 12pm UTC, 2023 <\/p>\n<p>\u2705 Users can start purchasing tickets from the 27, Friday, 12am UTC, 2023 <\/p>\n<p>\ud83c\udf9f\ufe0f Buy your ticket at: <a href=\"https:\/\/t.co\/Myhip2k5nZ\">https:\/\/t.co\/Myhip2k5nZ<\/a><\/p>\n<p>\ud83d\udcda Read the article to learn how to take part: <a href=\"https:\/\/t.co\/5hWyu1gPma\">https:\/\/t.co\/5hWyu1gPma<\/a><\/p>\n<p>&mdash; PancakeSwap (@PancakeSwap) <a href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1616405265569697793?ref_src=twsrc%5Etfw\">January 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CAKE\u2019s market cap in BTC&#8217;s<\/span><\/a><span style=\"font-weight: 400;\"> terms<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Soon after this announcement was made, PancakeSwap witnessed an increase in the number of users on the network. Token Terminal\u2019s data revealed that PancakeSwap was among the top five Dapps and blockchains in terms of daily active users. BNB, Ethereum, and Polygon topped the same list.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"ht\" dir=\"ltr\">\ud83d\udc65 Daily active users in crypto \ud83d\udc65 <\/p>\n<p>\ud83e\udd47BNB Chain 777.5k<br \/>\ud83e\udd48Ethereum 325.3k<br \/>\ud83e\udd49Polygon 313.9k<br \/>4\u20e3Solana 222.9k<br \/>5\u20e3PancakeSwap 113.6k<br \/>6\u20e3Near 68.2k<br \/>7\u20e3OpenSea 49.8k<br \/>8\u20e3Fantom 45.0k<br \/>9\u20e3Arbitrum 43.0k<br \/>\ud83d\udd1fUniswap 41.2k<br \/>11. Optimism 31.1k<br \/>12. Avalanche 27.0k<br \/>13. Blur 9.7k<br \/>14. Starknet 7.8k <a href=\"https:\/\/t.co\/9LM1kalScI\">pic.twitter.com\/9LM1kalScI<\/a><\/p>\n<p>&mdash; Token Terminal \ud83d\udcca (@tokenterminal) <a href=\"https:\/\/twitter.com\/tokenterminal\/status\/1616410703190949890?ref_src=twsrc%5Etfw\">January 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Should the investors be happy?<\/h3>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">Following these developments, CAKE&#8217;s price increased by more than 5% in the last 24 hours, resulting in gains on its chart. As per<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/pancakeswap\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, at the time of writing, CAKE was trading at $3.82 with a market capitalization of over $646 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">CAKE\u2019s MVRV Ratio went up in the last few days, which might have played a key role in this recent price increment. Nonetheless, CAKE\u2019s velocity decreased sharply on 20 January. In fact, its popularity also went down over the last week as its social volume decreased.\u00a0<\/span><\/p>\n<figure id=\"attachment_285987\" aria-describedby=\"caption-attachment-285987\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-285987\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PancakeSwap-on-BNB-CAKE-12.46.25-21-Jan-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-285987\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 CAKEs<\/span><span style=\"font-weight: 400;\"> worth today<\/span><\/p>\n<hr \/>\n<h3>But there is hope<\/h3>\n<p><span style=\"font-weight: 400;\">Most of the metrics were unsupportive of a price surge and CAKE\u2019s daily chart provided much-needed hope. The Relative Strength Index (RSI) was resting above the neutral mark, which was bullish.<\/span><\/p>\n<p><a href=\"http:\/\/ambcrypto.com\/cake-enthusiasts-can-look-for-these-signs-to-maximize-gains-on-their-investments\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CAKE<\/span><\/a><span style=\"font-weight: 400;\">\u2019s Chaikin Money Flow (CMF) was also relatively up, further increasing the chances of a price surge. Furthermore, the Exponential Moving Average (EMA) Ribbon revealed that the 20-day EMA was fast approaching the 55-day EMA, suggesting the possibility of a bullish crossover in the coming days. <\/span><\/p>\n<figure id=\"attachment_285988\" aria-describedby=\"caption-attachment-285988\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50.png\"><img decoding=\"async\" class=\"size-full wp-image-285988\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50.png\" alt=\"\" width=\"1814\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKEBUSD_2023-01-21_12-48-50-1536x659.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-285988\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>CAKE\u2019s 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. Users<a href=\"https:\/\/ambcrypto.com\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\/\">Continue reading <span class=\"sr-only\">&#8220;PancakeSwap: Decoding what lies ahead for CAKE holders in long term&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":285990,"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-285985","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 v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PancakeSwap: Decoding what lies ahead for CAKE holders in long term - AMBCrypto<\/title>\n<meta name=\"description\" content=\"PancakeSwap [CAKE] recently announced that it will launch a new lottery jackpot to celebrate the lunar new year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PancakeSwap: Decoding what lies ahead for CAKE holders in long term - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"CAKE\u2019s price increased by 5% in the last 24 hours. Metrics looked bearish while the market indicators supported the bulls. PancakeSwap recently announced\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-21T17:30:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/CAKE-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saman Waris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SamanWaris11\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saman Waris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/\"},\"author\":{\"name\":\"Saman Waris\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\"},\"headline\":\"PancakeSwap: Decoding what lies ahead for CAKE holders in long term\",\"datePublished\":\"2023-01-21T17:30:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/\"},\"wordCount\":383,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/CAKE-2.png\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/pancakeswap-decoding-what-lies-ahead-for-cake-holders-in-long-term\\\/\",\"name\":\"PancakeSwap: Decoding what lies ahead for CAKE holders in long term - 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