PancakeSwap's native token, CAKE, has been on an impressive run, rising 53% in just 24 hours, with its weekly gains pushing past 100%. This surge comes after a brief decline over the last month, sparking speculation about whether the token can maintain its bullish momentum or if it will face a short-term correction.
The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.
CAKE, the native token of decentralized exchange PancakeSwap, the largest protocol on the BNB Chain, saw an unexpected 50% price increase in hours, capturing the market's attention.
CZ hinting he will unveil his pet dog's name and likeness has ignited a wave of speculation over the potential launch of a new memecoin.
TL;DR CAKE has risen by 34.9% in 24 hours and over 100% in the last week, reaching $2.87 after a correction phase that brought it close to $1.33. The total value locked (TVL) in the platform has grown by 15.91%, reaching $1.85 billion, with the potential to surpass $2 billion if the trend continues.
The move comes as bitcoin has stuttered around $96,000.
PancakeSwap has pulled off a 52.7% rally in the last 24 hours, fueled by its growing presence in the DeFi space.
PancakeSwap's native token, CAKE, has emerged as the top-performing asset in the past 24 hours. Its value has soared by 57%, causing the altcoin to trade at an all-time high of $3.04 at press time.
Despite bullish momentum, CAKE could experience a brief cooldown. Can the alt resurge after that and sustain its momentum?
Cryptocurrencies displayed optimism on Thursday following Bitcoin's swift rebound after yesterday's US CPI-driven dip below $95K. While top alts Ethereum (+3.55%), XRP (+2.30%), and Dogecoin (+2.80%) recorded significant gains in the past day, PancakeSwap dominated trends. CAKE jumped from its $1.92 opening price to a daily high of $3.2 – a 66.67% jump.
The Binance season is here! The Binance ecosystem tokens, BinanceCoin (BNB) & Pancakeswap (CAKE), skyrocketed, leaving the major cryptos behind. The BNB price surged above $700 with over a 15% rise and flipped Solana to become the 5th largest crypto after BTC, ETH, XRP, & USDT.
The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.
The Binance Coin price has surged and is nearing its all-time high as demand for the token jumps. BNB jumped to a high of $720 on Thursday morning, about 10% below its all-time high of near $800.
PancakeSwap (CAKE) has experienced a remarkable surge of over 100% in the past week, riding on the broader recovery of the BNB ecosystem.
PancakeSwap reached peak volumes in January, extending the heightened activity into the new month. The chain, which lagged during the bear market, is turning into another active hub for meme tokens.
At the heart of Lido V3 are “stVaults,” a modular tool that connects stakers, node operators, and protocols. They also optimize fees, risks, and rewards.
Amid the rising volatility, Lido DAO token holds a critical support level. Overcoming nine days of constant sell-off, will this recovery in LDO price revisit $2.38?
Lido DAO (LDO) has been demonstrating promising signs of a rebound after recently testing the lower boundary of its established trading channel. Following a price dip to around $1.60, LDO appears to be setting the stage for a potential uptrend, supported by technical indicators.
LDO's price action showed potential recovery signs as the broader market concurred as of press time.
Lido, a decentralized protocol enabling liquid staking on Ethereum, has released Version 3 (V3) of its infrastructure, centered on stVaults. These modular vaults allow users to customize staking parameters, including validator selection, fee structures, and risk profiles while retaining access to STETH, Lido's liquid staking token.
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TL;DR Lido V3 introduces stVaults, a modular feature that allows users to customize staking strategies on Ethereum, adjusting fees, validators, and risk profiles. This update is specifically designed for institutions, node operators, and asset managers, providing greater control and flexibility. Lido strengthens decentralization and competition among validators, while stVaults enable leveraged staking strategies.
In recent hours, the price of Lido jumped following a significant upgrade. Lido, the leading liquid staking protocol, has launched Lido v3, an update to provide increased flexibility and composability for institutional Ethereum stakers. According to analysts, this upgrade is major step toward Ethereum staking as US awaits staked ETH ETF approval.
Lido, the largest Ethereum staking protocol, is set to revamp the Ethereum staking landscape with the introduction of Lido v3.
The upgraded protocol could bring institutions with the need for compliance and provide operational controls into the staking ecosystem.
Institutional interest in staking has grown since November 2024, when Trump's victory ignited hopes for the first staked Ether ETF.
Lido V3 introduces stVaults, a customizable staking system designed for institutions and more complex investment strategies.
LDO has recently tested a crucial level in a parallel price channel, with a potential breakout targeting $2.10 and $2.40.
The Four.meme token platform lost $183K in an exploit, pausing PancakeSwap LP trading while on-chain trades remain active.
PancakeSwap (CAKE) token rose to a high of $2.1600, up by over 75% from its lowest level this month, bringing its market cap to $556 million.
Unlike most smart contract platforms that expose transactional data on-chain, Zano's privacy-preserving approach ensures that contract execution details remain obscured.
PancakeSwap has expanded its advanced trading features to Arbitrum, Linea, and Base. PancakeSwap was able to accomplish these features on Arbitrum (ARB), Linea, and Base by integrating Orbs' dLIMIT and dTWAP protocols, according to a note shared with crypto.news.
The dLIMIT and dTWAP protocols by Orbs are now also supported by the three networks.
Lido DAO's breakout confirmed some bullish momentum with key resistance levels ahead.
The cryptocurrency market continues to recover from its bearish trend of the first half of January. The latter part of the month saw a bullish surge, with many altcoins experiencing notable volatility and heading toward new all-time highs (ATH).
The crypto-verse has displayed a strong bullish recovery during the second half of January after recording a strong bearish action during the first half. Following this, the altcoin market has displayed a significant rise in volatility with multiple tokens heading toward a new ATH.
Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token's price jumped from $1.98 on January 30 to $2.37 at the time of writing.
Lido DAO (LDO), a prominent player in the decentralized finance (DeFi) ecosystem known for its liquid staking solutions, is currently experiencing an exciting phase of price movement. After several weeks of struggling within a tight price range between $1.50 and $2.00, LDO has recently managed to break through this resistance, marking a shift in market sentiment that could lead to significant price gains.
The utility-based altcoins have gained significant traction in the recent past since the inauguration of pro-crypto US President Donald Trump.
The crypto market has shifted from bearish to bullish in the second half of the week, improving overall conditions for altcoins. This shift in sentiment has driven strong gains for select assets fueled by rising demand.
Amid the ongoing crypto market recovery, Lido DAO's (LDO) bullish price action has captured traders' attention. In recent weeks, LDO has been struggling within a tight range between $1.50 and $2.00. However, with the current price recovery, it appears to be breaking out of this zone.
A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts. Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up.
Lido DAO (LDO) has been on a remarkable upward trend recently, seeing a 27% increase in the past week. As of today, the token is trading at $2.14, reflecting a 10.06% gain in the last 24 hours.
Lido Dao has experienced a strong upswing over the past week, hiking by 27%.
Here is how some of your favorite assets concluded the week.
Lido DAO's native token, LDO, has captured the attention of crypto enthusiasts following a strong rally in the past 24 hours. However, the token is now testing a key resistance level at $2.10, a level historically associated with selling pressure and price declines. $7.
Lido DAO (LDO) is experiencing a 12% price surge, trading at $2.08 after weeks of sideways momentum. The altcoin remains stuck under a month-long barrier of $2.20, unable to break out.