CryptorMaven
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As of March 20, 2025, PancakeSwap's native token, $CAKE , is trading at approximately $2.39 USD, reflecting a slight decrease of 1.65% from the previous close. The day's trading range has seen a high of $2.59 USD and a low of $2.36 USD.
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), utilizing an automated market maker (AMM) system. It allows users to trade tokens directly from their wallets in a decentralized manner, utilizing smart contracts to facilitate transactions. The platform also offers yield farming and staking opportunities, enabling users to earn rewards in CAKE tokens.
Over the past 24 hours, CAKE's trading volume has been approximately $541 million USD, indicating active trading and liquidity. The current market capitalization of PancakeSwap is around $550 million USD, with a circulating supply of approximately 290 million CAKE tokens.
PancakeSwap reached an all-time high (ATH) of $44.18 USD on April 30, 2021, and is currently trading approximately 95.77% below that peak.
In summary, while PancakeSwap offers a decentralized platform for token trading and yield farming on the Binance Smart Chain, investors should exercise caution due to the inherent volatility of cryptocurrency markets. It's advisable to conduct thorough research and stay updated with the latest developments before making investment decisions.
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC), utilizing an automated market maker (AMM) system. It allows users to trade tokens directly from their wallets in a decentralized manner, utilizing smart contracts to facilitate transactions. The platform also offers yield farming and staking opportunities, enabling users to earn rewards in CAKE tokens.
Over the past 24 hours, CAKE's trading volume has been approximately $541 million USD, indicating active trading and liquidity. The current market capitalization of PancakeSwap is around $550 million USD, with a circulating supply of approximately 290 million CAKE tokens.
PancakeSwap reached an all-time high (ATH) of $44.18 USD on April 30, 2021, and is currently trading approximately 95.77% below that peak.
In summary, while PancakeSwap offers a decentralized platform for token trading and yield farming on the Binance Smart Chain, investors should exercise caution due to the inherent volatility of cryptocurrency markets. It's advisable to conduct thorough research and stay updated with the latest developments before making investment decisions.
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