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PancakeSwap price today is $3.09 USD, which is Down by -6.05% over the last 24 hours. There has been an hourly Rise by 0.69%. PancakeSwap's market cap currently sits at $464,225,318.59 USD, holding up for a market cap rank at #76. The volume were at $68,689,772.39 USD PancakeSwap ranks no 76 in the market capitalization of PancakeSwap is at $464,225,318.59 and its volume for 24 hours is $68,689,772.39. PancakeSwap are under circulation, with total supply of 307.09M and the Maximum supply of 750M.
PaneCakeSwap is a new and effective DEX (Decentralised Cryptocurrency Exchange) built on Binance Smart Chain(BSC), and users can swap their BPE-20 tokens accurately and safely on this platform. CAKE provides a facility called AMM (Automated Market Maker) that offers a unique way to generate passive income from their different cryptocurrencies. Like different DEXs. The CAKE token uses other tokens in the PaneCakeSwap exchange protocol, which is available for a token swap like other tokens. It is almost similar to the UniSwap exchange, where users can earn some rewards from staking, yield farming, and lending. PaneCakeSwap has its native token called CAKE. CAKE came into the crypto market on September 01, 2020. Its fourth-generation blockchain was designed to work similarly to Binance Chain. BSC is now upgraded and working very smoothly. It provides faster and cheaper transactions, and BSC can now develop a block in just 3 seconds. It is faster than the Ethereum(ERC-20) blockchain network.
What makes PaneCakeSwap (CAKE) unique?
Providing liquidity on the PanCakeSwap means there is a chance to get rewarded. There are some ways to provide liquidity and earn rewards.
Adding Liquidity (Syrup Pools):-
Stake your CAKE and earn CAKE or any other token which has provided my PanCakeSwap in the list from rewards every week and month. It's like an interest rate. You will get some interest in your CAKE tokens yearly or monthly. So it is very simple, more cake means more earning.
Yield Farming means earning mint another token by providing any two existing pairs of LP tokens. For instance, provide DUSK-BUSD or ONE-USDT pairs of any amount and mint CAKE or any other Tokens in return after some limited period. You can expect the reword from 20% to 10000% return in just one year of farming. Return percentage will change according to the market and liquidity tokens, but you may get around 100% to 450% return for sure.
Staking:- If you have a CAKE token and have a plan to hold it for a long time, you can stake it in a SYRUP POOL for stacking and earning healthy CAKE tokens in return.
Lottery:- nowhere, you can try your luck with this lottery pool. In this lottery session, you have 6 hours. The lottery ticket costs almost 10 CAKE tokens, and you can get one lottery ticket with some random four-digit number such as 45-58-23-05. If you want to win in this lottery pool competition, you have to match your ticket number's pattern with the winning ticket number's pattern.
You can also win the rewards if you get only 2 or 3 same numbers as the winning lottery ticket has.
IFO(Initial Farm offering):- here, you can newly launched tokens. You can check regularly active IFOs information and get your tokens.
Is PancakeSwap(CAKE) safe?
We can say it is partially safe. Smart contract funds depositing has always carried the risk, bugs, and may hackers create problems during the transaction if we don't take care of the data security. All in all, do deposit according to your risk-taking and losing capacity.
How Many PanCakeSwap tokens are in circulation?
CAKE is currently ranking #39 on the CoinMarketCap with a 96.427billion market cap. Its current circulating supply is almost 170 million, and 24 Hours trading volume is more than 17.618 Billion. Its max supply is not mentioned yet.
How to buy PanCakeSwap(CAKE)?
(Binance Smart Chain)BSC powers PanCakeSwap(CAKE), which swaps BPE-20 tokens very easily and safely with low transaction fees. Uniswap and Sushiswap are the same as PanCakeSwap, but PanCakeSwap is the largest Dapp exchange built on Binance Smart Chain, and $4,720,303,152 liquidity has locked currently. Simply, it is an alternative option to buying tokens and coins from Binance Exchange.
Many exchanges are in the market where you can buy CAKE, but here I am describing some of them.
Step-1:- Open an account on any well-known exchange and complete your KYC process.
Step-2: Deposit your fund in an Account after verification.
Step-3: Buy PanCakeSwap
The current PancakeSwap price is $3.09. In the last 24 hours, PancakeSwap price has gone up by -6.05%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future PancakeSwap price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired PancakeSwap at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging CAKE against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, PancakeSwap can be earned or received in various ways. CAKE considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the CAKE, including CAKE to PHP, CAKE to INR, CAKE to NGN, CAKE to THB, CAKE to CAD, CAKE to PKR, CAKE to IDR , CAKE to EUR , CAKE to AUD , CAKE to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
There are many altcoins in the market, and investors need to clear out how altcoin differs from PancakeSwap and what it can offer by comparing all altcoins with PancakeSwap(CAKE). Some are RocketX exchange vs PancakeSwap, Basis Cash vs PancakeSwap, Truegame vs PancakeSwap, Soy Finance vs PancakeSwap, Rbicycle vs PancakeSwap, Dapp Token vs PancakeSwap, Verve vs PancakeSwap, Alpha Pad vs PancakeSwap, GombShare vs PancakeSwap, NOVA vs PancakeSwap.
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