CAKE Enters CMC Trending List Following PancakeSwap’s AMA Session -Breaking
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CAKE Enters CMC Trending List Following PancakeSwap’s AMA Session- PancakeSwap has been trending in crypto markets since its recent AMA session.
- The price of PancakeSwap’s token, CAKE, has been on the rise for the last week and month and is up 15.18% and 28.81% respectively at the time of writing.
- CAKE may have found its way onto the Trending List because of the Ask Me Anything session (AMA) that PancakeSwap hosted recently.
Following its recent AMA, PancakeSwap has been trending on the cryptocurrency market as a decentralized exchange (DEX).
The price of PancakeSwap’s token, CAKE, has been on the rise for the last week and month and is up 15.18% and 28.81% respectively at the time of writing. CAKE is not in the Top 10 List of Trending Projects on CoinMarketCap. However, it has begun the week following a departure from the bullish trend that has been evident for the past month.
CAKE is down by 3.43% at press time. See the below image.
The Week begins at a Lower CAKE price (Source: CoinMarketCap).
Currently, CAKE’s market cap stands at $2,684,850,309, making it the 42nd biggest cryptocurrency project in the space in terms of market cap.
CAKE has a 24-hour trading volume at $199.544,687. It is quite low in comparison to other trending projects. STEPN is at number 1, with a 24 hour trading volume of $1829,583,133.
CAKE may have found its way onto the Trending List because of the recent Ask Me Anything session (AMA) hosted by PancakeSwap. One of the most important take-aways was the leak by the PancakeSwap team that revealed they plan to continue adding utility and fixed stakes to their offering.
PancakeSwap’s announcement of launching a fixed-term staking pool, along with the leaked information that the pool will have more utility, is clearly a welcome development in the crypto world.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora advises its users to research cryptocurrency before making any investment.
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