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  1. Cryptocurrencies
  2. PancakeSwap Price
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PancakeSwap

CAKE

Rank #95
R 44.14
-3.08%
24H LowR43.95
24H HighR45.65
24H Volume
87.81M
All-Time High(ATH)
R825.75
All-Time Low(ATL)
R3.65
Market Cap
605.69M
Fully Diluted Valuation
909.35M
Market Cap/FDV
0.6661
Circulating Supply
257.48M CAKE
Total Supply
386.56M CAKE
Max Supply
750M CAKE
Market Sentiment
Positive
* Data from 3rd parties

PancakeSwap (CAKE) Price Trends

Time period
Change amount
% Change
1H
$ -0.005422
-0.23%
24H
$ -0.07237
-3.08%
7D
$ 0.1728
7.36%
14D
$ -0.2164
-9.21%
30D
$ 0.1890
8.04%
1Y
$ -0.9917
-42.2%

Live PancakeSwap (CAKE) Price Update

PancakeSwap price today is $2.35 with a 24-hour trading volume of 87.81M, and as such PancakeSwap has a market cap of 605.69M, giving it a market dominance of 0.04%. The PancakeSwap price moved -3.08% 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 257.48M CAKE. In terms of market cap, PancakeSwap is currently ranked 95.

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

Gate.io Has Added PancakeSwap(CAKE) Perpetual Contract

Gate.io has added CAKE/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage. Trade CAKE/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/CAKE_USDT You can also practice your skills at your demo account, risk free via: https://www.gate.io/testnet/futures_trade/USDT/CAKE_USDT About PancakeSwap(CAKE) PancakeSwap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens. It's fast, cheap, and anyone can use it. Learn more about CAKE/USDT perpetual contract specifications: https://www.gate.io/futures_market_info/usdt/CAKE_USDT/market_info About Gate.io Perpetual Contract Market Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH,EOS,LTC,BCH,BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk. Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity. About Margin Currency Types in Gate.io Perpetual Contract Market Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners. Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team March 11, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up :https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram:https://t.me/gateio Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio
readings: 70833Posted:

Gate.io Has Added PancakeSwap (CAKE) Margin Trading&Lending

Gate.io has added PancakeSwap (CAKE) margin trading (CAKE/USDT), allowing up to 3X leverage. At the same time, margin lendin g and borrowing of the coin are available. You can lend your CAKE to earn passive income (3.65%-365% APR). Margin trading allow long and short positions and can facilitate price discovery as well as forming a more stable market. As a trader, you can borrow CAKE to short it or borrow USDT to long it. For holders, you can lend your CAKE to margin traders to earn interest on your holdings. The Gate.io lending market is a peer to peer market where all the loans and borrowings are made between users. Gate.io does not participate in lending or borrowing. Trade CAKE at https://www.gate.io/margin_trade/CAKE_USDT Borrow CAKE at https://www.gate.io/margin/borrow/CAKE_USDT Lend CAKE at https://www.gate.io/margin/lend/CAKE Deposit CAKE at https://www.gate.io/myaccount/deposit/CAKE About CAKE PancakeSwap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens. It's fast, cheap, and anyone can use it. Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team February 24, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up :https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram:https://t.me/gateio Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio
readings: 74233Posted:

Gate.io will list PancakeSwap (CAKE)

Gate.io is going to commence PancakeSwap (CAKE) trading on Feb.18, 2021 07:00 UTC. About CAKE: PancakeSwap is a decentralized exchange running on Binance Smart Chain, with lots of other features that let you earn and win tokens. It's fast, cheap, and anyone can use it. Token symbol:CAKE Website:https://pancakeswap.finance CAKE/USDT Trading starts: Feb.18, 2021 07:00 UTC Deposit CAKE at https://www.gate.io/myaccount/deposit/CAKE Trade CAKE in USDT market via: https://www.gate.io/trade/CAKE_USDT Trade CAKE in ETH market via:https://www.gate.io/trade/CAKE_ETH Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team February 18, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up :https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram:https://t.me/gateio Instagram:https://www.instagram.com/gateioglobal Medium:https://medium.com/@gateio
readings: 99217Posted:
Date
Market Cap
Volume
Open
Close
2023-12-04
$76.8M$551.41M$2.35N/A
2023-12-03
$49.12M$556.16M$2.37$2.35
2023-12-02
$55.75M$547.32M$2.34$2.37
2023-12-01
$66.89M$534.25M$2.28$2.34
2023-11-30
$57.9M$516.52M$2.21$2.28
2023-11-29
$62.41M$521.31M$2.24$2.21
2023-11-28
$93.16M$510.43M$2.2$2.24
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