↗ Cryptocurrency Analysts Predict Bright Future for CAKE Coin

The summary of the news of the day starts highlighting the suggestions of Elon Musk, indicating his top choices for 2024-2025, which includes Dogecoin, NEIRO, and ETF Swap. The further major focus has been the PancakeSwap speculation and discussion of its token CAKE's future moves. The recent move of PancakeSwap burning 8.88M tokens worth $18M has resulted in a 3% surge in CAKE price.

Following their expansion plans, the PancakeSwap platform holders are to benefit from the new affiliate scheme. An analysis of whether Bitcoin and Ethereum are still significant when halving the cake has also been presented. Moreover, the article also warns investors to distance themselves from select cryptos such as BONK, CAKE, and AMP and instead discusses potential bullish altcoins predicted to shine beyond Bitcoin in April 2024.

Highlighting CAKE's performance, PancakeSwap suggests reducing its total token supply to 450 million for a more flexible growth framework. Due to unexplained reasons, CAKE's value jumped abruptly by 20%, and the PancakeSwap team's move of burning 10 million tokens led to a 25% increase in the CAKE price. Meanwhile, the speculation around a new crypto casino project pushed CAKE's price up by 92%. Furthermore, PancakeSwap's integration with Chainlink (LINK), Polygon (MATIC) releasing AggLayer and Pullix (PLX) raising $4.5 Million have sparked significant interest among investors.

The global cryptocurrency market is notably influenced by other news such as the continuous plunge of the CAKE price, losing 30% in just a week, and the proposal about cutting the CAKE token inflation target to 3%-5%. The fintech platform Cake DeFi's creation of a $100M venture capital arm and PancakeSwaps's move to become the first billion-dollar project on the Binance Smart Chain also received much attention.

CAKE Coin News Analytics from Sun, 18 Nov 2012 08:00:00 GMT to Tue, 24 Sep 2024 08:43:21 GMT - Rating 2 - Innovation 6 - Information 7 - Rumor 4