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Pancakeswap

Pancake Swap Is ready To BuyHi, traders! While BTC is moving up and recovering after a small fell, we gonna tell you about some interesting and perspective projects, which can probably help you to make x2,x5 or even more. One of them is PancakeSwap. What is PancakeSwap? PancakeSwap is a decentralized cryptocurrency exchange for swapping BEP-20 tokens. If you’re familiar with Uniswap or SushiSwap, then you’ll know how PancakeSwap works. Each works in almost exactly the same manner. The PancakeSwap exchange doesn’t use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model which matches buy and sell orders directly with others in a liquidity pool. User deposits maintain liquidity pools. By providing liquidity to such a pool, users can earn trading fees and liquidity provider (LP) tokens. LP tokes are redeemable for the initial capital deposited, plus any fees earned, minus any impermanent loss. Furthermore, LP tokens can then be staked, farmed, and traded! Cloning or copying open source code from a popular decentralized application (dApp) is not uncommon. Particularly in DeFi, many new projects are based on existing protocols, with tweaks made to the original code. Simply make a few adjustments to a popular open-source code, create a new token, name it after your favorite snack, and presto - you’ve got yourself a freshly baked DeFi clone! Regardless of whether you think cloning is a good thing or a bad thing, it happens a lot in crypto. For example, SushiSwap is a clone of Uniswap. Therefore, it should come as no surprise that PancakeSwap appears to work in a very similar way to SushiSwap, with a familiar layout and user interface. However, PancakeSwap is flipping the yield farming model on its head, introducing a range of new features that provide an all-in-one yield optimization platform built around the Pancake token (CAKE). Furthermore, PancakeSwap benefits from the security of Binance Smart Chain (BSC), which could help convert some DeFi skeptics. In September 2020, the Pancake token (CAKE) was launched on Binance Smart Chain (BSC). CAKE is a BSC-native BEP-20 token. The CAKE token has performed extremely well in 2021, showing an incredible price rally throughout February. The primary function of CAKE is to incentivize liquidity provision to the PancakeSwap platform. PancakeSwap vs. Uniswap vs. SushiSwap In today's cryptocurrency landscape, there are three major decentralized exchanges ruling the roost. • Uniswap — The original DeFi liquidity protocol built on Ethereum. Today's standard for easy cryptocurrency trading using ERC-20 tokens and mostly ETH pairs. • SushiSwap — A community-governed Uniswap fork that has evolved into a DeFi hub offering token swaps, farming, and crypto lending/borrowing. • PancakeSwap — Uniswap clone built on BSC to deliver fast and inexpensive trades using BEP-20 tokens and the BSC←→ETH bridge. While all three enable decentralized exchange, community governance, yield farming, and LP (liquidity provider) opportunities, only Sushi and PancakeSwap pay rewards back to token holders who stake their tokens. Technical As you can see on the chart, we have a strong up-trend with a great support. The consolidates in the most probable area with a low probability of down swings. Fiba extension levels and ALLIGATOR shows us a strong up-trend with reliable support Thus, we see these scenarios of future price action A – consolidation above median line and breaking out above B – consolidation in the pitchfork with medium volatility and breaking out above, too C – breaking out the fork below and choppy price action DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
CAKE IS BULLISH UNLIKE THE MARKETGreeting from IRAN to whole trading community ✔💙 CAKE is moving through an ascending channel since 21st March CAKE could maintain in it's ascending channel unlike most of the market that lost their bullish momentum after that massive sell-off has occurred in market CAKE is above its major support 26$ As long as it can stay above 26$ , we expect from CAKE to rest then attack to its ATH and rise above 30$ KEEP IT SIMPLE :)
Long
by nima-mohammadkhani
12
CAKEUSDT --> exploring price upwardsTried to catch a few falling knives recently with BTC dumps, CAKE is one I caught, whoever got it at $22... THUMBSUP! The question here is to take profit or continue this potential ride. We have sold a lot with BTC, if we were to go sideways here for a bit, it makes sense for CAKE to hit $30, that will just be the nature of how ALTS react to neutral or bullish BTC price action. Since this is unexplored graph for CAKE... maybe we see some serious buying? -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: Opportunity is gone most like, but the buyback is on the trend line... which would be an honestly very nerve-racking buy! (it would imply, in the short term, horrible news or BTC dump to 41k) TARGET: $30, may let it ride at that point STOP: $24 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #30 Market Cap = $4,420,518,991 DEFI Binance's DEFI solution. Very very young product, does have lots of updates coming.. --==--==--==----==--==--==--
Long
by tommytoan11
2
PANCAKESWAP expecting more gain as CAKE becoming deflationaryreasons: 1. Pancake V2 product incoming next week Auto-compounding $CAKE Syrup Pool, prediction market. 2. Every trade you make on the V2 exchange will burns $CAKE. 3. more product/features incoming 4. but be cautious of possible cooling down to the 100 SMA yellow line. - !! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol. just documenting my own reasons of my investment & trading.
CLong
by rafiirfan
🔥 CAKE Ignoring The Sell-Off: Buy OpportunityCAKE is one of the coins which is seeing an amazing influx of new buyers after the big BTC drop of today. One reason for that could be the fact that CAKE is currently seeing a very strong uptrend, potentially going parabolic in the near future once it creates a new ATH. Another reason could be that with BTC showing signs of uncertainty, people are flocking towards coins which are either non-correlated to BTC or ones that have a very bright future ahead of them. CAKE is both. Since it's the main coin of the PancakeSwap DEX, you could compare it with an early version of BNB. To trade on the PancakeSwap exchange you will most likely touch CAKE. Also, the current staking rewards are still around 100% APR. All in all, I think that CAKE is one of the best long-term holds of this year. Happy trading!
Long
by FieryTrading
24
SAFEMOON TO RENDEZVOUS WITH ELON MUSK IN SPACE!If you don't know about this coin... Well then now you do. This is a hype coin with outstanding performance and potential much like Doge... With the exception of the Safemoon protocol being far superior to Doge in every aspect. Community driven, auto-liquidity response tokenomics which include: 10% Charge on Sell, 5% redistributed to holders, 5% 50/50 BNB liquidity. Means you get more coins everytime someone bottles out like a wimp. Coin burn and static returns, this is the ultimate hype hodl poocoin! Now having completed almost 500% just the past 5 days, you are missing out if you don't put some dolla in before the inevitable dip comes! Please note: "The dip is temporary, failure to invest is forever." - (Me 2021) As you can see by my wave analysis... it's going up lol. More serious graphical info at: coinmarketcap.com Disclaimer: This is not financial advice. Buy the coin.
RLong
by Joshua_nate
57
CAKE, PancakeSwap - Top 20 incoming ?Hello all, The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to be confirmed on the next test of that level). So, the price reacted immediately and the trading pair went back into the old $21.5-$25 trading range. Also, regained positions above the 21-day EMA and the diagonal uptrend line. The bullish scenario here will be to form a solid bullish engulfing candle on the daily chart, then make a quick move to $25 (probably fueled by the recent token burn and the upcoming IFO) with an extension to $45. Such a big move will result in 91 percent of price increase. When added to the current marketcap, it will place CAKE at #22 on CoinGecko's Top 100 list, still way behind the leading DeFi project - UNISWAP. The bearish scenario will be to loose the range and close below $21, which will put the CAKE/USDT pair in position to re-test the support line at $19. Regards
Long
by FutureBlockchain
2
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR): Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume. If confirmed, it could be a good entry. If it fails, price could go back to the $23-$22 level. If you want to read more about PancakeSwap on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
Long
by BitfulMind
14
Ready to eat more CAKE? @SmileyTradesHello Traders! Looks like CAKE has triggered our entry for the Meso Degree setup! Looking for a break of ATH and a target of ~$31.2!!! Take note...the Stop Loss for the Meso setup is pretty close to the Entry of the Macro setup so make sure you are position sizing accordingly! Key levels on the chart. I'll update again if we get either a break of ATH or a Stop Loss of the Meso setup. I will definitely keep my eyes on this. Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
CLong
by SmileyTrades
Buying CAKE at $22.22 as It ConsolidatesI've been watching CAKE bounce around inside this triangle for a while now. The idea is to buy one more time at $22.22 after just now selling at $23.50. With the end coming soon, I'm likely going to wait it out the next time as I don't want to miss the exit of this triangle. With BSC congestion at all time highs, I can't even imagine how big the volume on Pancake Swap will be for the last 24 hours. What a steal in the low $22 range right now!
Long
by brendanwenzel
17
Cheers to those have eaten CAKE! @SmileyTradesHello Traders! We have finally met our Macro degree Target! A big congratulations to those who took this trade with me. I must say, it's been a trade with bottom entries and top targets! It's been ~250% in price gains from Entry to Target! Great trade. I've included what's next for CAKEBUSD on the chart. Pay attention to how price begins to consolidate after the Target has been met; it will tell you how bullish/bearish it is. Key levels on the chart! Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
CLong
by SmileyTrades
1