Cakeswap

#Cakeswap As of March 19, 2025, PancakeSwap's native token, CAKE, is trading at approximately $2.34, reflecting a decrease of 11.36% from the previous close. The day's trading range has seen a high of $2.78 and a low of $2.28.

Over the past week, CAKE has experienced significant volatility. On March 17, 2025, the token surged to a high of $2.67, up from a low of $1.78 the previous day, indicating a substantial intraday movement. However, this upward momentum was short-lived, as the price declined to $2.34 by March 19, 2025.

This recent price fluctuation underscores the inherent volatility in the cryptocurrency market, emphasizing the importance of continuous monitoring and cautious investment strategies.

Here’s why PancakeSwap’s CAKE price is going up $CAKE

PancakeSwap PancakeSwap
CAKE
14.1i%
PancakeSwap jumped to a high of $2.80 on Friday, its highest point since February 25, and 145% above its lowest level this month.

This surge happened as the network continued gaining market share in the DEX industry. According to DeFi Llama, PancakeSwap’s weekly volume jumped by almost 60% in the last seven days to $14.1 billion. This increase brought its 30-day volume to $53 billion. Its weekly volume was higher than that of Uniswap, Raydium, Meteora, and Fluid combined.

The soaring PancakeSwap volume led to a big increase in network fees. According to TokenTerminal, it has made almost $120 million in revenue this year, making it the second most profitable DEX in the industry after Uniswap. #Uniswap’s Still, it is unclear whether the volume surge will continue because it was driven by recently launched meme coins in the ecosystem. The most notable one was Mubarak, whose token surged and then pulled back. Its market cap has dropped to $110 million from $200 million this week.

Other top BSC chain meme coins were Mansa, AOPA, Siren, and AIFlow Token. In most cases, these meme coins jump and then crash as insiders sell. As such, as it happened with Solana (SOL) DEXes, there is a likelihood that the PancakeSwap volume may be short-lived.

The other risk for the CAKE price is that the network growth and the number of active addresses have dropped. The network growth metric moved from 2,186 on March 17 to 738, while daily active addresses dropped from a weekly high of 13.6k to 6,020.

#CAKEUSDT #Cakeswap #cryptouniverseofficial

$CAKE /USDT – DeFi Token Dips After Volatility! 🍰📉

Momentum Analysis: CAKE is experiencing a -4.70% decline, testing key support levels after a volatile session. With 24h High at $2.819 and Low at $2.261, traders are watching for a potential reversal.

📊 Long Setup:

Entry Zone: $2.30 - $2.37

Targets: 🎯 T1: $2.47 | 🎯 T2: $2.54 | 🎯 T3: $2.62

Stop Loss: ❌ Below $2.24

📌 Breakout Confirmation:

Bullish Above: $2.47

Key Support: $2.26

🔥 Pro Tip: Watch for increasing volume near $2.37. If buyers step in, CAKE could push towards $2.47+.

🔍 24H Trading Data:
🔹 24H Volume: 93.81M CAKE | $242.11M USDT
🔹 Current Price: $2.37 (-4.70%)
🔹 Exchange Depth: Buyers accumulating at $2.319-$2.37

#Crypto #DeFi #CakeSwap #BNBChain #CAKEUSDT