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Bulls may continue pushing up the price CAKEUSD Price Analysis – August 11 Should the bulls increase their momentum and penetrate the resistance level at
The cryptocurrency space is still growing, with new tokens and projects being launched daily.
Competition is natural. Within the world of crypto, competition is even fiercer than in other asset classes because of the discreet nature of blockchains, with even protocols based on the same chains competing for liquidity from investors.
The crypto markets saw some healthy recovery over the weekend, enjoying a 6.6% rally to US$1.13tn come Monday morning. Bitcoin slightly underperformed with a 3.3% rise US$23,600, while Ethereum took the charge by rallying 7% to open the week at US$1,730.
The U-shaped recovery in PancakeSwap (CAKE) price has knocked out another resistance of $4.165, suggesting the buyers are aiming another leg higher. Moreover, a 50% hike in volume activity indicates that market participants are confident of this breakout, which may propel altcoin to $5 levels.
Regardless of prevailing market conditions, DeFi (decentralised finance) continues to swell with more projects being released every day, and the current projects adding new utility. DeFi currently represents a haven for investors; with the current price of crypt assets, not only are they generating yields, but those yields will soar in value in the coming months.
CAKE has jumped 15% in the last seven days after surging to the $4 price level at the end of last month
Due to its dual-chain architecture, Binance Smart Chain enables users to create decentralized applications and digital assets on one blockchain and then quickly trade them on the other. Despite some early setbacks, this January, crypto enthusiasts think 2022 has the potential to be just as significant as 2021.
Nowadays, cryptocurrencies are moving into DeFi. It's a good option to be the one who manages your digital capital and at the same time handles every decision.
On July 27th, the Pancake (CAKE) price rebounded from the support trendline with a minor star candle pattern. The resulting run-up amid improving market sentiment surged the market price 24% higher and breached the $3.55 and $3.85 resistances.
Decentralized exchange platform PancakeSwap recently completed yet another token burn event. According to a tweet by PancakeSwap, 6,898,491 $CAKE, which is worth about $23 million, were burned during the event.
Uniswap (UNI/USD), THORChain (RUNE/USD), Synthetix Network (SNX/USD), and PancakeSwap (CAKE/USD) are some of the best DEX tokens to get at the end of July. On July 21, 2022, Uniswap welcomed their new VP of Product, Will Ruben, which showcases that their team is expanding rapidly.
It's a brutal bear market for crypto investors as we see prices tumbling down the drains. The negativity can be challenging to escape amid declining portfolio values, and it can be an uncomfortable experience even for the best.
The ever-evolving and high liquidity crypto market is home to a wide range of competent and promising projects.
A weekly report from SentiFi identifies the cryptocurrencies with the most media attention
PancakeSwap today announced the integration of Chainlink Keepers on the BNB Chain mainnet to help secure its CAKE Prediction Market. The new CAKE Prediction Market is similar to the BNB Prediction Market on PancakeSwap, which has turned out to be one of the most popular prediction markets. Using the CAKE Prediction Market, PancakeSwap users will […] The post PancakeSwap integrates Chainlink Keepers for its CAKE Prediction Market appeared first on Invezz.
Decentralised Finance (DeFi) is one of the largest sectors in cryptocurrency and according to DefiLlama, there is currently over $72 billion in DeFi protocols by Total Value of Locked funds (TVL). We look at three cryptocurrencies, DeFi-related protocols, and ecosystems including Mushe (XMU), which includes DeFi features as well as a cryptocurrency adoption via a fiat-to-crypto onramp.
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
The token that fights climate pollution and promotes environmental sustainability
PancakeSwap (CAKE) token has been trading under big selling pressure over the past few weeks. However, the decentralized exchange has come with a new emission reduction proposal which has spiked excitement among the community.
Major BSC-based DEX looks to reduce $CAKE emission
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The last 24 hours have seen significant growth for the PancakeSwap Network. According to data from CoinGecko, the network saw gains of 11% over a 24-hour period.
Mushe Token (XMU), Avalanche (AVAX), and PancakeSwap (CAKE). There is no doubt that the cryptocurrency and DeFi industries are growing rapidly.
