PancakeSwap Achieves Market Capitalization of $570.42 Million (CAKE)

PancakeSwap (CAKE) traded up 3.1% against the dollar during the 1-day period ending at 8:00 AM ET on November 10th. Over the last week, PancakeSwap has traded up 22.6% against the dollar. One PancakeSwap token can currently be purchased for $2.01 or 0.00002525 BTC on exchanges. PancakeSwap has a total market capitalization of $570.42 million and approximately $56.03 million worth of PancakeSwap was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4% higher against the dollar and now trades at $79,369.66 or 0.99681082 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.8% higher against the dollar and now trades at $79,140.96 or 0.99393856 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

PancakeSwap Token Profile

PancakeSwap launched on September 29th, 2020. PancakeSwap’s total supply is 387,484,181 tokens and its circulating supply is 283,747,999 tokens. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. The Reddit community for PancakeSwap is https://reddit.com/r/pancakeswap/ and the currency’s Github account can be viewed here. PancakeSwap’s official website is pancakeswap.finance. The official message board for PancakeSwap is blog.pancakeswap.finance.

According to CryptoCompare, “PancakeSwap is a decentralized exchange that allows for trustless trading of cryptocurrencies and tokenized assets on the Binance Smart Chain. It was created by a team of anonymous developers and is maintained by a decentralized community. PancakeSwap can be used with an Ethereum-compatible wallet and is known for its low fees and fast transaction speeds. To use PancakeSwap, one must connect their wallet, add Binance Coin or another supported cryptocurrency, purchase CAKE, PancakeSwap’s native token, and then use CAKE to trade.”

PancakeSwap Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as PancakeSwap directly using U.S. dollars. Investors seeking to acquire PancakeSwap should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase PancakeSwap using one of the exchanges listed above.

CAKE/USD price chart by TradingView