PancakeSwap (CAKE) Achieves Market Capitalization of $456.35 Million

PancakeSwap (CAKE) traded 1.3% higher against the dollar during the 1 day period ending at 11:00 AM Eastern on July 29th. PancakeSwap has a market cap of $456.35 million and approximately $25.63 million worth of PancakeSwap was traded on exchanges in the last day. One PancakeSwap token can now be bought for about $1.97 or 0.00002905 BTC on major exchanges. Over the last week, PancakeSwap has traded down 3.6% against the dollar.

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

• KILT Protocol (KILT) traded 0.4% lower against the dollar and now trades at $0.18 or 0.00000272 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.9% lower against the dollar and now trades at $0.0132 or 0.00000019 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About PancakeSwap

PancakeSwap’s launch date was September 29th, 2020. PancakeSwap’s total supply is 383,750,736 tokens and its circulating supply is 231,209,939 tokens. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. PancakeSwap’s official website is pancakeswap.finance. The official message board for PancakeSwap is blog.pancakeswap.finance. The Reddit community for PancakeSwap is https://reddit.com/r/pancakeswap/ and the currency’s Github account can be viewed here.

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.”

Buying and Selling PancakeSwap

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

CAKE/USD price chart by TradingView