🚨WATCHOUT for $CAKE and $BNX
These tokens are showing a steady rise up while the rest of the market is just consolidating.
This is because the BNB smart chain is currently experiencing traffic as traders are now jumping on to trade memecoins on its chain. It is obvious that people prefer chasing quick gains trading memecoins than real utility tokens.
In order to achieve this goal, traders need $Cake, which is the main token used to Swap tokens on the BNB smart chain. As the demand for memecoins continues to surge, there will be more need for $CAKE for the Swap, and this demand keeps the price of Cake up.
