PancakeSwap Reaches Market Cap of $502.81 Million (CAKE)

PancakeSwap (CAKE) traded up 1.3% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM Eastern on October 18th. Over the last seven days, PancakeSwap has traded 1.3% higher against the U.S. dollar. PancakeSwap has a market capitalization of $502.81 million and $20.05 million worth of PancakeSwap was traded on exchanges in the last 24 hours. One PancakeSwap token can now be purchased for $1.83 or 0.00002697 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 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.
• MVP Coin (MVP) traded 0% lower against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 0.3% higher against the dollar and now trades at $169.77 or 0.00250425 BTC.

PancakeSwap Token Profile

PancakeSwap was first traded on September 29th, 2020. PancakeSwap’s total supply is 382,425,294 tokens and its circulating supply is 275,011,083 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. The official message board for PancakeSwap is blog.pancakeswap.finance. The official website for PancakeSwap is 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.”

Buying and Selling PancakeSwap

It is usually not presently possible to buy alternative cryptocurrencies such as PancakeSwap directly using U.S. dollars. Investors seeking to trade PancakeSwap should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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