$BNB The price of CAKE is activated as PancakeSwap takes control of the Base chain

CAKE is showing renewed strength, increasing by more than 6% in the last day and trading near $2.79 at the time of press. The token is currently the second best performer in the market, with trading volume increasing by more than 90%.

This increase follows the broader dynamics in the BNB ecosystem, as Binance Coin (BNB) pushes towards new all-time highs. With PancakeSwap built on BNB Chain, the connection between both tokens is attracting traders' attention.

Two notable tweets have added to the discussion. Senior analyst A.A pointed out that the price of CAKE could double its value, citing the breakout of BNB and a strong high time frame setup.