#BinanceAlphaAlert #AbuDhabiStablecoin 🌟The current analysis of CAKE, the native cryptocurrency of PancakeSwap, shows a price of $2.05 with a 1.20% increase over the last 24 hours. The market capitalization is around $651.37 million, and the 24-hour trading volume is approximately $49.9 million.
*Key Statistics:*
- *Market Cap*: $651.37 million
- *24h Trading Volume*: $49.9 million
- *Circulating Supply*: 317.54 million CAKE
- *Total Supply*: 372.83 million CAKE
- *Max Supply*: 450 million CAKE
*Price Performance:*
- *24h Low*: $2.00
- *24h High*: $2.07
- *All-Time High*: $44.18 (April 30, 2021)
- *All-Time Low*: $0.0002318 (September 29, 2020)
PancakeSwap has implemented a deflationary token model called "Ultrasound CAKE," which aims to reduce the token supply over time through strategic burning. The platform has also introduced a revenue-sharing program, distributing trading fees to CAKE stakers based on their locked tokens and duration ¹.
