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Pancakeswap

PanCake swap (cake)Cake usdt Daily analysis Time frame daily Risk rewards ratio >1.7 👈👌 Target 7.4 PancakeSwap’s “head chef” declared that the BSC-based DEX is retaining the deflationary tokenomics for its native CAKE token. The announcement comes as other DEXs are trying new incentives for staking their native assets. The leading DEX on Binance Smart Chain is making a return amid a general DeFi recovery, and it shared that it will retain CAKE as a deflationary token to retain its value. The DEX decided against using CAKE as an incentive token, instead renewing its tokenomics based on regular burns and deflation. CAKE has a 1-2% annual burn rate and a negative net growth in the past 12 months. PancakeSwap also has regular weekly burns, which give a glimpse into the activity and fees generated on several PancakeSwap markets, including predictions and NFTs.
Long
by Habib-Tafazoli
2
PancakeSwap Unveils its Own Token Creation Tool SpringBoardPancakeSwap, a leading decentralized exchange (DEX) on the BNB Chain, has recently launched a groundbreaking platform called SpringBoard. This initiative aims to democratize token creation by simplifying the process to the point where no coding skills are required, and there are no launch fees. PancakeSwap's SpringBoard is designed to be an all-in-one platform for token issuers, enabling them to: Launch tokens effortlessly: With just a few clicks, users can create tokens, set basic parameters, and integrate them directly into the PancakeSwap ecosystem. Ensure liquidity: SpringBoard features automatic liquidity pool integration once liquidity hits 100%, ensuring tokens are tradable with ease. Boost with CAKE: The SpringBoard Farm Program uses CAKE to enhance community engagement and liquidity provision. Fundamental Impact The launch of SpringBoard has several fundamental implications for both PancakeSwap and the broader DeFi space: Accessibility: By removing the need for coding and launch fees, SpringBoard opens the door for a wider audience to engage in token creation, potentially leading to an explosion in the number of new tokens on the BNB Chain. Decentralization: The platform's fair launch mechanism, which avoids pre-sales or seed rounds, promotes a more decentralized token distribution, aligning with the ethos of DeFi. Technical Analysis of NASDAQ:CAKE As of the latest data: NASDAQ:CAKE Price: Currently trading at $4.14 USD, up by 30.97% in the last 24 hours with a trading volume of $727,884,413 USD. Market Position: NASDAQ:CAKE holds the #105 spot on CoinMarketCap with a market cap of $1,185,333,784 USD and a circulating supply of 286,235,458 coins. Technical Indicators: The Relative Strength Index (RSI) for NASDAQ:CAKE stands at 80, indicating an overbought status. This suggests a potential for a short-term correction or consolidation before any further upward movement. Support Zone: The 38.2% Fibonacci level could act as a significant support zone, providing a potential buying opportunity if NASDAQ:CAKE pulls back to this level. Market Sentiment and Future Prospects The introduction of SpringBoard has not only pushed the price of NASDAQ:CAKE up but also sparked a significant uptick in the value of CRYPTOCAP:BNB , reflecting the market's positive response. Here's what this might mean: Innovation and Growth: PancakeSwap continues to innovate, keeping it at the forefront of DeFi. This could attract more developers and projects to the BNB Chain, increasing its ecosystem's value. Tokenomics: With the shift towards a deflationary model via "Ultrasound CAKE," reducing emissions while increasing burns, NASDAQ:CAKE could see long-term value appreciation, making it an attractive hold for investors. Conclusion PancakeSwap's SpringBoard platform marks a significant step forward in making token creation accessible to all, potentially leading to a surge in token innovation on the BNB Chain. While the current market dynamics suggest a short-term overbought condition for NASDAQ:CAKE , the fundamental changes in token creation and distribution could drive sustained interest and investment. Investors and project creators should keep an eye on the technical indicators and market responses, as SpringBoard could very well set a precedent for how new tokens are launched in the DeFi space. By simplifying token creation, PancakeSwap not only empowers developers but also enriches its own ecosystem, setting the stage for a vibrant future in decentralized finance.
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by DEXWireNews
#CAKE Reaches A Critical Moment—Will the Bulls Save the Day?Yello, Paradisers! Is #CAKE on the verge of a powerful bullish breakout, or will the bears crush any hopes of recovery? Let’s break down the latest analysis of #PancakeSwap: 💎After 5-6 months of a slow and steady downtrend, #CAKEUSDT is now reaching a crucial juncture. The price is testing the upper boundary of the descending channel, setting up for a retest that could ignite a major rally. But the bulls face a tough challenge: to trigger this breakout, #PancakeSwap must overcome the $2.00 resistance. 💎This level, once a solid support, has now flipped into a significant barrier. To confirm bullish momentum, the breakout must be backed by rising trading volume and a favorable interaction with the 20 EMA. If these conditions are met, a surge toward the next major resistance area becomes a real possibility. 💎However, there’s a serious risk if bulls lose steam. A failure to sustain momentum could lead to a pullback into the $1.46-$1.61 support zone, which has to hold to prevent deeper damage. If this area breaks down, we could see a swift move toward $1.20. 💎If $1.20 doesn’t hold, the bears could seize control, leading to a sharp correction and dashing hopes for a short-term bullish recovery. The market can be brutal, and only those who approach it strategically will succeed. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
CAKE ROADMAP (1W)It seems that the CAKE token has likely completed a diatonic structure on higher timeframes and has transitioned into an ABC or potentially a more complex pattern. Wave C of this new structure could initiate within the highlighted green zone. Wave C is anticipated to be bullish. However, if a 3-day candlestick closes below the specified invalidation level, this analysis will no longer hold valid. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTO:CAKEUSD
by behdark
1
SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4
pancake swap ready for 400 % profit (cakeusdt)hello dear trader and investors this price action for cake with usdt pair and now cake in the QM bulish pattern after bitcoin retest supourt zone pancake collected liQ on the supourt zone and fundamentally: A multichain DEX PancakeSwap has recently announced a token burn event. As per the platform, the respective episode takes into account the burning of up to 9,039,859 NASDAQ:CAKE tokens with a value of up to $16 million. The company took to the social media platform X to disclose further details of this development. 9,039,859 NASDAQ:CAKE just burned – that’s $16M! PancakeSwap Commences a Token Burn of up to 9,039,859 NASDAQ:CAKE Tokens In its recent X post, the firm revealed that this burn event works as a part of PancakeSwap’s broader efforts. According to the platform, the current endeavors thereof focus on minimizing the NASDAQ:CAKE token’s supply and increasing its value. Apart from that, the post also offered insights into the trading fees. Additionally, it also discussed the activity across diverse sections of the platform. In terms of trading fees, PancakeSwap noted that trading fees from Automated Market Maker V2 accounted for 89,000 NASDAQ:CAKE tokens. These coins had a value of up to $156,000, denoting a more than 9% change from the previous week. Nonetheless, trading fees from Automated Maker V3 accounted for nearly 71,000 NASDAQ:CAKE coins. This figure equaled the value of up to $124,000, signifying a change of -50% from the previous week.
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by mehdi_kb
14
CAKE: Will it go back to $1.50?Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: An exchange to swap tokens A yield farm to earn rewards Syrup pools to stake CAKE tokens Ethereum liquid staking (wBETH) and simple staking Pancake Protectors game v3 position manager (new feature) A prediction market Initial Farm Offering (IFO) token launches A bridge to bridge CAKE to Ethereum and Aptos A lottery An NFT marketplace
BINANCE:CAKEUSDLong
by M2it2M
Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake PriceYello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days 💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area. 💎#PancakeSwap ( NASDAQ:CAKE ) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement. 💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91. 💎However, if NASDAQ:CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop. Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.
Long
by MyCryptoParadise
3
CAKE: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout. Historical Pattern of Trendline Breaks: January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend. April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals. Current Price Action: CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal? Bullish Reversal Indicators: Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal: Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure. Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation. Conclusion: CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
by Yaroslav_Krasko
CAKE Set For a Breakout As PancakeSwap Announces $25 Mln BurnPancakeSwap, a decentralized exchange platform on the Binance Smart Chain, announced a token burn of over 8.9 million NASDAQ:CAKE tokens, collected from trading fees across Automated Market Makers (AMM) Version 2 and 3. The $25 million token burn likely helped the NASDAQ:CAKE price recover from recent losses. The DeFi token, which was initially valued at $2.808, rose nearly 3% on the day after the announcement. The DEX burned 8,924,466 NASDAQ:CAKE tokens worth nearly $25 million. PancakeSwap had collected 119,000 NASDAQ:CAKE worth $332,000 as trading fees for its AMM Version 2 and 160,000 CAKE worth $448,000 for its AMM Version 3. The DEX is integrated with market makers on Ethereum and Binance Smart Chain to help traders execute their trades at a relatively low cost. The DEX recently announced plans to redirect NASDAQ:CAKE emissions from farming pools to bribe locker protocols and boost the liquidity of the DeFi token for users, which has no impact on NASDAQ:CAKE supply since it simply redirects emissions to liquidity pools.
Long
by DEXWireNews
SasanSeifi 💁‍♂Potential for Significant Growth in the Long TermAs you can see in the chart, the price of CAKE has experienced significant growth after a period of decline and volatility. The price bounced back from the $1 support zone and has since experienced another minor increase after a pullback to the $2.50 demand level. The price is currently trading at $3.20. By examining the behavior of candles in the long-term time frame, we can expect the following for the future of this currency: If the $2.50 price range is maintained, we can expect further growth to the $4.50/5 liquidity zone and a new high above $4 (HIGH). The above image shows the possible long-term trend of CAKE and the desired targets. This trend indicates the significant growth potential of this currency in the long term. The important support zones are $2.50 and $1.70. This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
28
CAKE/USDT > Highly Probable > Strong Bullish Weeks AheadHello everyone, first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in FEB 5th: & March 7th: NOW, I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT) both of which are drawn as paths on the chart. Scenario A: RED PATH / lower probability (30%) Scenario B: GREEN PATH / higher probability (50%) * what I clearly mean here is that there's a 20% chance for an unforeseen third path in which this idea is not valid anymore! ** please take the fact into account that PANCAKESWAP is of relatively small market cap and it's token's price is subject to strong fluctuations due to whale activity and big money moves. Have a great trading and always KEEP IT SIMPLE...
Long
by Ariyan_G
PancakeSwap Price Spike as DEX Burns $35 Million $CAKE TokensPancakeSwap, the decentralized exchange (DEX) synonymous with the Binance Smart Chain (BSC) ecosystem, has ignited a flurry of excitement in the cryptocurrency community with its recent strategic maneuvers. As the platform burns over 8.7 million NASDAQ:CAKE tokens worth a staggering $35 million, investors eagerly anticipate the implications for both PancakeSwap and its native token, $CAKE. The decision to burn NASDAQ:CAKE tokens, a practice aimed at reducing the circulating supply and enhancing scarcity, underscores PancakeSwap's commitment to value creation and sustainable growth. By incinerating fees collected across various platforms, including V3, V4, NFTs, games, and Automated Market Makers (AMM), PancakeSwap not only bolsters the token's scarcity but also redistributes value back to its community of users. The CAKE token's price surged nearly 3% in response to this bold move, reflecting investor enthusiasm for PancakeSwap's proactive approach to tokenomics. However, the rally isn't solely attributable to the token burn; PancakeSwap's strategic collaboration with Stryke, a decentralized options exchange, adds another layer of excitement to the mix. The introduction of CLAMM Options Trading, a joint initiative between PancakeSwap and Stryke, marks a significant step forward in expanding the platform's utility and attracting a broader audience of DeFi enthusiasts. With the ability to trade options, provide on-chain liquidity, earn premiums, and swap fees on Arbitrum, PancakeSwap users are poised to access a diverse array of financial instruments and opportunities. Despite recent volatility that saw CAKE token experience a dip of nearly 13% over the past week, Monday's gains signal a potential turning point for PancakeSwap. As the platform embarks on its recovery journey, fueled by strategic partnerships and innovative tokenomics initiatives, investor confidence in PancakeSwap's long-term prospects remains palpable. At $4.021 per token, NASDAQ:CAKE 's resilience amidst market fluctuations underscores its status as a formidable player in the DeFi landscape. With PancakeSwap's unwavering commitment to innovation and value creation, the future looks promising for both the platform and its vibrant community of users. As PancakeSwap continues to redefine the boundaries of decentralized finance (DeFi) and pave the way for a more inclusive and accessible financial ecosystem, investors eagerly await the next chapter in this groundbreaking journey.
Long
by DEXWireNews
CAKE/USDT in a Position For a Bullish Reversal? 👀CAKE Analysis💎Paradisers, let's dive into #CAKEUSDT as it's positioning itself for a bullish rebound off its support zone, indicating a potential upward shift. 💎With #PancakeSwap moving within an ascending channel pattern, it's approaching a critical moment at the $2.54 support level. The observed reduction in volume at this juncture suggests a continuation of the bullish trend from $2.54, with an increase in volume hinting at a possible momentum change. 💎However, if #CAKE's price dips below this key support, it's time for a strategic shift. We're bracing for a bullish bounce off the lower support at $1.78. A failure for NASDAQ:CAKE to mount a bullish effort from this point could lead to further decline. 💎Keeping a pulse on the #CAKE market movements and being ready to tweak our strategies is crucial as we steer through its unfolding patterns.
Long
by MyCryptoParadise_Simon
CAKE UPDATE (6H)This is an update to the analysis you see in the "Related Ideas" section The diametric that we considered for CAKE in the previous analysis is running. We are looking for buy/long positions on the green range. The targets are clear on the chart Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark