PancakeSwap (CAKE) has proposed several strategic maneuvers to positively influence its token's value. This includes a plan to reduce CAKE's token supply to
450M and is seeking feedback from the community. Additionally,
PancakeSwap has burned 8.88M tokens worth over $18M, which increased CAKE's price by 3%.
PancakeSwap is also planning to implement 'Affiliates' for its expansion, directly benefiting CAKE holders. However, there have been contrasting views on CAKE, being labelled among cryptos to steer clear from. Meanwhile, CAKE experienced a sharp increase (20%) due to three undisclosed reasons. The buzz around a new
crypto casino project has led to a significant
92% boost in CAKE price. A revenue sharing pool launch, aiming to benefit CAKE stakers, saw CAKE's price projected for an 18% upswing. However, despite these strategic moves,
CAKE's price trend has been
negative with it falling to a two-year low and down by 50% from YTD highs. Rumors that PancakeSwap has fallen behind in the DeFi space were dispelled with the announcement of a readable usernames feature for its crypto wallets.
CAKE Coin News Analytics from Thu, 31 Oct 2013 07:00:00 GMT to Wed, 23 Oct 2024 10:34:59 GMT -
Rating 3
- Innovation -2
- Information 7
- Rumor -6
