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PancakeSwap

CAKE

Rank #120
₫ 65424
+ 4.87%
24H Low61248
24H High65424
24H Volume
111.98M
All-Time High(ATH)
₫1019872
All-Time Low(ATL)
₫4511.03
Market Cap
661.02M
Fully Diluted Valuation
1.09B
Market Cap/FDV
0.6088
Circulating Supply
234.84M CAKE
Total Supply
385.75M CAKE
Max Supply
450M CAKE
Market Sentiment
--
* Data from 3rd parties

PancakeSwap (CAKE) Price Trends

Time period
Change amount
% Change
1H
$ 0.006068
0.22%
24H
$ 0.1373
4.87%
7D
$ 0.09916
3.52%
14D
$ 0.4121
14.61%
30D
$ 0.2997
10.63%
1Y
$ -0.8719
-30.92%

Live PancakeSwap (CAKE) Price Update

PancakeSwap price today is $2.82 with a 24-hour trading volume of 111.98M, and as such PancakeSwap has a market cap of 661.02M, giving it a market dominance of 0.03%. The PancakeSwap price moved 4.87% in the last 24 hours.

PancakeSwap reached its highest price on 2021-04-30 when it was trading at its all-time high of $43.96, while its lowest price was recorded on 2020-11-03 when it was trading at its all-time low of $0.1944. The current lowest price since the last cycle high was $0.1944, and the highest price since the last cycle low was $43.96. The social sentiment of PancakeSwap is currently Positive.

The current circulating supply of PancakeSwap is 234.84M CAKE. In terms of market cap, PancakeSwap is currently ranked 120.

About PancakeSwap (CAKE)

PancakeSwap is the leading decentralized exchange on Binance Smart Chain. Launched in September 2020, it supports the exchange of BEP20 tokens on the chain. PancakeSwap uses an automated market maker model in which investors can invest in liquidity pools. Users can also become liquidity providers to deposit funds into the liquidity pool to obtain (LP) tokens in return.

A few months after its launch, PancakeSwap rose to become one of the top exchange platforms on the BSC network and the entire Layer 1 network, with a total locked value (TVL) peaking at $10.5 billion. In addition to trading and providing liquidity, PancakeSwap also offers products such as farms, syrup pools, lotteries, and initial farm offerings (IFOs).

In addition to earning and winning tokens under AMM (automated market makers), PancakeSwap makes revenue farming accessible to the public by gamifying the user experience. Moreover, all smart contracts of PancakeSwap are publicly visible to ensure maximum transparency, and its vision of "fast speed, cheap price, and anyone can use" comes to realization gradually.


How CAKE works

Market orders and their execution times are sometimes inconsistent, and the resulting change in sell/buy prices is called slippage. This price difference is around 0.5% by DEX standards. The more liquidity providers on the DEX, the lower the slippage tolerance, and PancakeSwap's AMM is mainly composed of liquidity pools and liquidity providers.

To maximize its effectiveness, PancakeSwap provides liquidity providers with CAKE token incentives. After choosing to become a liquidity provider (LP), investors add CAKE to another token to generate LP tokens and, therefore, earn CAKE. After removing impermanent losses, the annualized rate of return of staking CAKE is good, and these can be pledged in the farm at present.

In addition, when PancakeSwap runs products such as the syrup pool (syrup pool), investors can also earn CAKE based on the amount of locked cryptocurrencies to keep PancakeSwap running healthy.


What is CAKE?

The CAKE token is the native governance token of the PancakeSwap ecosystem. It is also the core of the PancakeSwap ecosystem. It can be purchased, won as a reward, and used to mine, spend, stake, and vote.

Governance is also another major use of CAKE, which allows participants to use it to vote, for example, to control the minting and burning rates of CAKE tokens. Because PancakeSwap's token economics are different from Bitcoin, CAKE has no supply cap, so its APY can continue to rise.

In order to reduce or even erase the adverse impact on the price caused by its infinite supply expansion, it is possible to control the CAKE burning through governance. In the previous establishment of the deflation mechanism, the number of CAKE minted in the market was reduced from 40 to 14.5 per block, so as to use it to achieve the overall deflation.

Although the CAKE official does not want to set a hard upper limit for CAKE circulation, it has been marked in the official litepaper, that the current circulation upper limit of CAKE is 750M.

FAQs

1. What determines the price movement of PancakeSwap?

There are two schools of thought in determining the price of PancakeSwap.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of PancakeSwap, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of PancakeSwap from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of PancakeSwap on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for PancakeSwap as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for PancakeSwap and the cryptocurrency market as a whole.

PancakeSwap (CAKE) News

PancakeSwap (CAKE) Announcements

Date
Market Cap
Volume
Open
Close
2024-03-01
$128.01M$729.68M$3.09N/A
2024-02-29
$138.01M$741.62M$3.14$3.09
2024-02-28
$103.29M$746.12M$3.16$3.14
2024-02-27
$129.28M$772.09M$3.27$3.16
2024-02-26
$74.84M$740.16M$3.13$3.27
2024-02-25
$214.27M$762.13M$3.22$3.13