PancakeSwap: Evaluate what’s in store for CAKE in light of these updates

  • CAKE has become the most traded token among the top 100 BSC.
  • CAKE price pump could continue further as metrics and indicators are positive.

Pie [CAKE] New information for bCAKE growers revealed on January 13th. With this new update, farmers can now activate boosters on two farms with a modified boost multiplier. To take advantage of the new booster, farmers must unplug the existing booster and use it again.

Read Pie [CAKE] predict the price 2023-24

Not only that, but cake also remained popular among whales. According to a WhaleStats tweet on Jan. 13, CAKE has recently overtaken BTCB to become the most traded token among the top 100 BSC picks.

cakeThe price action has been bullish lately, as its price is up 10% in the last 24 hours. CoinMarketCap data revealed that CAKE has posted a more than 17% weekly gain, and it was at the time of publication. Values $3.87 with a market capitalization of over $651 million.

Also, CAKE TAKE IT TO existing Among the top BNB Chain projects with the highest bullish inclinations, according to a tweet dated January 12th.

What do PancakeSwap’s stats suggest?

On-chain CAKE metrics provided a better understanding of which way the token is headed in the coming days. The price of the token has increased along with the volume, which legitimizes the price increase.

cakeThe social media volume has also increased several times in the past week. The daily transaction volume on the earnings chain increased, which was a positive sign. However, the speed It has gone down over the past few days, which can be annoying.

Source: feeling

with you 1,10,100 cakes equals the day?

Bulls drive the market!

According to market indicators, the bulls led the market. For example, Chaikin Money Flow (CMF) and On Balance Volume (OBV) were both relatively high. MACD also showed a bullish feature in the market.

cakeThe price has entered a high volatility area as indicated by the Bollinger Bands, which increases the chances of a move north. The only worrying indicator was the Money Flow Index (MFI), which entered the overbought zone.

Source: TradingView

Leave a Reply

Your email address will not be published. Required fields are marked *