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Cryptocurrency Price Today 9 Dec: Crypto prices are showing recovery with the top coins showing a jump in the last 24 hours. The FTX debacle seems to be settling down, however, the market is still bearish.
PancakeSwap (CAKE): Decentralized finance, or DeFi, aims to make society more financially inclusive by eliminating the need for intermediaries to facilitate transactions. In the world of DeFi, users are increasingly engaging with autonomous markets powered by blockchain technology, i.e.
PancakeSwap (CAKE) turns bullish as $28 million worth of it just burned
Two of the largest dApps on BNB Chain, Venus Protocol and PancakeSwap, have joined forces to deliver seamless token swap functionality on the leading DeFi crypto borrow/lend protocol. The first of our two-part integration has been completed with one-click repay functionality on the way.
As of late, PancakeSwap has been working with Hashflow to offer HFT payouts on its staking platform. The Tweet implies that this will make it possible for someone to utilize PancakeSwap to “farm” HFT tokens for profit.
CAKE planning to bring a new Syrup Pool/Farm on PancakeSwap However, days ahead might get harder as metrics and indicators were not supportive PancakeSwap [CAKE] recently revealed that they have been working with Hashflow to bring a new syrup pool and farm to PancakeSwap.
PancakeSwap's CAKE token is trending, while DEX trading volume increases enormously
Open-source, decentralized blockchain network, Harmony, has officially upgraded its LayerZero bridge. The blockchain network was announced on Friday, 25th November 2022.
There are four decentralized exchanges that caught our attention that deserves more adoption than they already have. One of them have a 88% APY if you stake NMX with the lowest trading/swap fee at 0.1%.
MetaMask and PancakeSwap are two well-known blockchain applications in the overall cryptocurrency sphere. The former out as an efficient, simple, yet versatile crypto wallet. The latter is a decentralized exchange based on the BNB Chain that facilitates liquidity for numerous cryptocurrencies and some interesting features for traders with a high appetite for risk.
There have been some major changes regarding CAKE's farm auction Growth noticed in CAKE's NFT space MVRV Ratio and positive sentiments increased PancakeSwap [CAKE] recently announced its newly adjusted farm auctions, which will take effect from 30 November during CAKE's 34th farm auction.
As of 22 November, 6,928,951 CAKE tokens were burnt PancakeSwap's RSI and stochastic were in oversold positions PancakeSwap [CAKE] investors could have a reason to celebrate. According to CryptoQuant, CAKE's Relative Strength Index (RSI) and stochastic were both at oversold positions, which was a major bullish signal.
Along with choppy market sentient, the pancakeswap token remained sideways for the past two weeks. However, this consolidation shows price sustainability above $3.7 support, offering a recovery opportunity to the coin holders.
Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX's demise. According to analysts, recent events are promoting a narrative that is strongly associated with decentralization.
CAKE's recent bearish pull chalked out a symmetrical triangle over the last few days. The crypto's social dominance marked a spike while the price action kept declining.
CAKE's streak of higher highs and troughs plateaued in its high liquidity region. The crypto's funding rates unveiled an increased bearish edge over the past day.
The well-known cryptocurrency exchange FTX crashing caused a sudden bloodbath on satoshi street. As a result, the Bitcoin and Ethereum price are down 10-15%, and the major altcoin is painted in heavy red.
In a “white hack” attack, Pgala (pegged gala) tokens worth $4.3 million were taken ethically by the creators of pNetwork, an independent cross-chain bridge technology used to transfer assets across various chains. On-chain analysis by security company BlockSec detected a "misconfiguration" in the token's smart contract today, which led to the discovery of the attack.
The developers of a pNetwork carried out a 'white hat' attack and drained $4.3 million in pegged gala tokens from PancakeSwap exchange. The post Developers of pNetwork bridge drain $4.3 million from PancakeSwap in ‘white hat' attack appeared first on The Block.
The deal has finally been finalized by the DAO of the #1 DEX on the Binance blockchain
CAKE's recent bearish pull propelled a rising wedge breakdown. The crypto's open interest unveiled a slight bearish edge over the past 24 hours.
The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two most valued cryptocurrencies in the world, traded lower on Tuesday ahead of the US Federal Reserve meeting. Dogecoin (CRYPTO: DOGE), meanwhile, recorded sharp gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal, according to a filing made with the U.S.
Analysis of the price and the CAKE ecosystem
