PancakeSwap Price Prediction: Will CAKE Price Rise or Crash?

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PancakeSwap price predictions for 2021 and beyond. In the end, you will have a clear knowledge, how high the CAKE price can reach
The food-themed DeFi protocols are fascinating the users in the crypto sphere. The emerging platforms allow users to post their funds in return for the protocol token. PancakeSwap is a decentralized exchange based on the Binance Smart Chain.

In this article, we will discuss thoroughly the .

Overview

Cryptocurrency PancakeSwap Token CAKE Market Capitalization $2,06,51,67,700 Circulating Supply 118035918 CAKE All Time High $17.80 ( February 19, 2021) All Time Low $0.1980 ( November 03, 2021)

What is PancakeSwap?

PancakeSwap is a decentralized cryptocurrency exchange erected on Binance Smart Chain for swapping BEP-20 tokens. It uses an automated market maker and decentralized applications that users trade against a liquidity pool. The digital currency also allows users to farm additional tokens such as CAKE and SYRUP where users can stake, lend and earn rewards.

PancakeSwap Technical Analysis

2020

PancakeSwap initiated its journey in the crypto space on 29 September with a trading value of $1.37 according to Coinmarketcap. The token surprisingly plunged to $0.47 within a few days and managed to resist at $1.09 by mid October. Following a bearish…
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