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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 hours for CAKE to hit the milestone.
Recently, PancakeSwap [CAKE] joined BNB and AvengerDAO to increase securities within the ecosystem. AvengerDAO is a unique community-run security infrastructure project designed to protect users on the BNB Chain from possible exploits, scams, and malicious actors.
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.
About 28 million $CAKE tokens have been removed
In a best-case scenario, crypto layoffs could spur another round of innovation for the industry.
Decentralized Exchanges (DEXs) are undoubtedly in spotlight in 2023. Especially after what happened with FTX.
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.
Well-established projects and utility tokens should be at the top of your list when looking for bear market cryptos to buy.
This week remains on the bullish trend
PancakeSwap price has started giving back the gains accrued from January 1, when it bottomed out at $3.15. CAKE is down slightly over 3% in 24 hours to trade at $3.72 at the time of writing. With this price analysis, investors will figure out if they should buy the dip or wait for PancakeSwap price to exhaust the pullback.
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.
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 protocols such as PancakeSwap, LIDO, and BNB chain.
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 do not reduce CAKE rewards to farms, so the per-block allocation to Farms and Lottery will remain at ~2.01 CAKE/block.
When choosing the most promising cryptocurrencies to invest in, it helps to look at the practical application of each coin you focus on.
The ever-evolving crypto space is home to a host of promising and competent projects. One such project is Pancake Swap, which boasts its native token “CAKE”. The DeFi token has been one of the exemplary cryptocurrencies in the DeFi space.
The market structure of PancakeSwap has remained bearish on the price charts since 11 December. The token found good support at $3.11, but it still did not show promise of a sizeable upward move.
ApeCoin (APE) suddenly surges as Yuga Labs appoints former Activision Blizzard President as new CEO.
The cryptocurrency market has entered 2023 still impacted by the extended bearish conditions that characterized the sector over the last year. However, despite the depressing conditions, several digital assets are standing out, showing the potential to record gains contrary to the general market movement.
A market overview and a look at the listed cryptocurrencies
Crypto Prices Today: Some of the major cryptos are trading in green today, while others continue to trade in red. PancakeSwap and Shiba Inu see a satisfactory jump.
Cryptocurrency Price Today: The market is trading in red as major coins plummet toward the end of the year. Terra Classic, which was soaring by double-digits, a couple of days back is down by almost the same percentage.
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.
Cryptocurrency Price Today: The morning following Christmas sees a mixed market reaction, as some significant crypto are trading in green whereas other coins plunge. Polygon is up by 0.79% in the last 24 hours.
PancakeSwap was trading within a range earlier in December. The violent selling pressure on 12 December forced prices to lose support at $3.83.
