Cake is the BEP20 native token of decentralized exchange platform PancakeSwap. Pancake swap was created on Binance Smart Chain and aimed to serve as a platform where different tokens on the Binance Smart Chain can be traded and exchanged. Cake is a utility token and holders can earn rewards by staking them. Pancake swap is one of the leading truly decentralized finance projects.
With a total market cap of over $573 million, PancakeSwap is the No. 63 cryptocurrency by market size. The currency symbol for PancakeSwap is CAKE. PancakeSwap is the token issued by the PancakeSwap platform. There will only ever be 750 million PancakeSwap tokens issued. So far 146 million tokens (19.6% of the total supply) have been issued. We found savings accounts offering up to 50% APY on PancakeSwap deposits and loans as low as 11.7% APY against PancakeSwap used as collateral. Check out our PancakeSwap staking yields table and for further details.
The technical price analysis for PancakeSwap below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of PancakeSwap.
Based on a total of 354 reviews across the web for PancakeSwap we gave the cryptocurrency an overall rating of 65%.
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