PancakeSwap, also known as
CAKE in the market, has recently been making some significant shifts that should certainly leave an impact. One evident change is their plan for a challenging time as they predict the
CAKE price to face trials in the coming years. An impressive 30% surge in the token was observed soon after
PancakeSwap launched its Springboard. This was followed by the burning of 8.88M tokens, worth over $18M leading to a gain of 3% on the
CAKE price. To diversify their portfolio,
PancakeSwap plans for 'affiliates' as a mode of expansion, which will eventually benefit
CAKE holders. However, we also note an aggressive reduction proposed for
CAKE token inflation through DAO voting. Amidst these events,
PancakeSwap also denied a $3M
CAKE Airdrop. Meanwhile, the
CAKE coin has been suggested as one to steer clear of amongst other cryptos, such as BONK and AMP, by market trends. However, they continue to make their presence known by partnering with StealthEX to improve the crypto swapping experience while burnishing their
CAKE tokens worth $15m.
PancakeSwap is deemed as a potential behemoth in new age asset class by market veterans, despite warnings of a possible 40% drop in
CAKE prices. The question on everyone's mind: Will
CAKE Coin break the consolidation phase and commence on a rally to $10? Only time can tell.
CAKE Coin News Analytics from Fri, 22 Dec 2006 08:00:00 GMT to Wed, 04 Dec 2024 08:00:00 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor -1
