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Tag: PancakeSwap

  • PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain

    PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain

    PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain

    • The DEX has signed a strategic collaboration with Ondo Finance.
    • BNB Chain users can access over 100 tokenized US stocks and ETFs from today.
    • PancakeSwap has offered zero trading fees for the first month.

    PancakeSwap has teamed up with Ondo Finance to bring over 100 tokenized stocks and exchange-traded funds into the BNB Chain.

    Starting today, users on the Binance platform can buy or sell digital representations of top US bonds, stocks, and ETFs, all pegged 1:1 to the underlying securities.

    According to Ondo Finance CEO Nathan Allman:

    Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making US markets globally accessible through blockchain technology.

    PancakeSwap will waive trading fees for the first 30 days to celebrate Ondo Global Markets integration.

    That gives the DeFi community a cost-free way to navigate tokenized traditional assets on the Binance ecosystem.

    On-chain finance hits a key milestone

    The alliance is part of Ondo’s mission to leverage blockchain technology to allow access to high-quality US monetary assets, including real estate and stocks.

    Now, BNB Chain’s over 3.4 million daily users and the vast DeFi ecosystem can enjoy Ondo’s offerings.

    Further, PancakeSwap promises user-friendliness, self-custody, and transparency.

    The integration welcomes a new era for the Binance community, bridging decentralized finance with traditional markets.

    BNB Chain’s thriving user base can now access high-net tokenized US securities.

    The Chain’s Head of Business Development, Sarah Song, commented:

    Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum. Together, we’re expanding access to high-quality financial assets and driving the next wave of adoption that connects traditional markets with blockchain technology.

    Understanding PancakeSwap’s role

    PancakeSwap is the leading DEX on BNB Chain. It will serve as the strategic launch partner supporting trading of the tokenized assets.

    The decentralized exchange enables users to trade Ondo’s tokenized securities through a familiar interface, promising a remarkable experience for new and existing DeFi players.

    Moreover, PancakeSwap announced a zero-fee campaign between October 29 and November 29.

    Ondo will leverage PancakeSwap’s massive user base and liquidity pools to ensure streamlined market activity and price discovery for tokenization enthusiasts on the BNB Chain.

    CAKE and ONDO price actions

    The native tokens mirrored the broader market performance, exhibiting bearish biases on their daily timeframes.

    CAKE lost nearly 5% in the past 24 hours to $2.55, whereas a 2% dip in that timeframe sees ONDO exchanging hands at $0.7364.

    Bearish sentiments dominate the broader sector as the global cryptocurrency market cap plunged 1.5% the past day to $3.8 trillion.

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  • CAKE price surges as PancakeSwap adds BTC & ETH predictions

    CAKE price surges as PancakeSwap adds BTC & ETH predictions

    PancakeSwap Price

    • PancakeSwap price jumped 6% to above $2.66 before slightly paring gains.
    • CAKE price has surged following the launch of BTC and ETH predictions.
    • A technical breakout and broader market sentiment suggest CAKE is on course for fresh gains.

    Decentralised exchange protocol PancakeSwap has seen its token CAKE surge amid increased volume as the DEX benefits from integration of Bitcoin and Ethereum into its Predictions Markets platform.

    CAKE price reached highs of $2.75 as trading volume rose 185% to over $129 million.

    PancakeSwap price rises as BTC & ETH predictions go live

    PancakeSwap’s token CAKE rose after the DEX platform officially launched its highly anticipated BTC and ETH Predictions feature on BNB Chain.

    According to details in a blog post, this move allows users to engage in price prediction markets for the two largest cryptocurrencies by market capitalisation.

    This is available directly from within the PancakeSwap platform’s ecosystem.

    The feature enables participants to forecast whether the prices of these assets will rise or fall over specified time frames.

    Participation typically ranges from minutes to hours, thus adding a layer of speculative excitement to the DeFi space.

    PancakeSwap’s predictions mechanism operates on a binary outcome model, where users stake CAKE tokens on their predictions.

    Successful forecasters earn rewards from the collective pool, while incorrect bets result in losses to the same pot, ensuring a balanced and engaging marketplace.

    This integration builds on PancakeSwap’s existing prediction tools, which previously focused on BNB Chain-native assets, but now extend to major cross-chain heavyweights like Bitcoin and Ethereum.

    As BTC and ETH “go live” on Predictions, PancakeSwap has reported a sharp uptick in platform activity.

    Trading volumes for prediction markets have seen a notable spike, while total value locked has increased to over $2.42 billion.

    CAKE is benefiting from the enhanced liquidity and interoperability, as well as broader market gains.

    CAKE price signals major rally

    In the three days following the BTC and ETH predictions launch, CAKE price saw a decent surge to $2.66.

    However, bulls failed to hold onto gains, and prices dropped to $2.43 before widespread gains across cryptocurrencies helped the PancakeSwap price rally.

    PancakeSwap price chart by TradingView

    The token’s utility in predictions, where CAKE is the primary staking asset, has contributed to the past 24 hours of price uptick.

    A look at the technical indicators, including the Relative Strength Index (RSI), give buyers an upper hand.

    The MACD is also hinting at a bullish and broader market sentiment is positive.

    In this case, bulls will target December 2024 highs of $4.20.

    However, if bears stand strong, they could aim for the key support area around $1.60.

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  • Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    Investors turn to Mantra (OM) and Bitcoin Pepe (BPEP) as PancakeSwap (CAKE) falters

    • PancakeSwap (CAKE) dips as investors eye OM and BPEP for gains.
    • Mantra (OM) has surged by 36% in the last 24 hours.
    • Bitcoin Pepe (BPEP) presale hits $2M as it aims to build a Bitcoin meme L2.

    PancakeSwap (CAKE) has flashed a bearish signal after a significant Bull Run causing investors to panic.

    As CAKE falters, investors are moving towards Mantra (OM) and the newly launched Bitcoin Pepe (BPEP) for their promising outlook.

    PancakeSwap drops after significant surge

    PancakeSwap has been a darling of the DeFi community, offering a decentralized exchange on the Binance Smart Chain. Over the past week, its native token, CAKE, has witnessed a remarkable price surge drawing the attention of many.

    However, over the past 24 hours, CAKE has experienced a 4.64% drop after a remarkable 80.21% increase over the past week.

    PancakeSwap price drops
    PancakeSwap price by TradingView

     

    This volatility, with the price now at $2.52, suggests that PancakeSwap might be facing some market resistance or profit-taking after the rally.

    The high trading volume of CAKE, close to $335 million in a day, indicates there’s still substantial interest, but the downward trend could be a sign of investors diversifying their portfolios or reevaluating their positions in CAKE amidst the broader market dynamics.

    PancakeSwap’s challenge now is to maintain its utility and attractiveness in a market where new, innovative projects are constantly emerging.

    Mantra (OM) sees a 36% surge

    Amidst the PancakeSwap price fluctuations, Mantra (OM) has captured the attention of investors with its compelling growth trajectory.

    Currently trading at $7.61, OM has shown a remarkable 36.07% increase in the last 24 hours and a 29.33% rise over the past week.

    Mantra (OM) price chart
    Mantra (OM) price chart by TradingView

     

    This performance has pushed its market cap to over $7.4 billion, highlighting strong investor confidence in the project.

    Mantra aims to create a decentralized finance (DeFi) platform tailored for institutional investors, which might explain the surge in interest. Its appeal lies in its foundation in real-world asset tokenization, aiming to bridge the gap between traditional finance and blockchain technology. This innovation not only promises to democratize investment in assets like real estate but also ensures that it’s built on a secure and scalable infrastructure.

    The significant growth in trading volume, hitting $756 million in the last 24 hours, underscores the growing confidence among investors in Mantra’s vision and execution.

    However, as with any investment, the crypto market’s volatility means that one should approach it with caution.

    Bitcoin Pepe (BPEP): the new meme coin frontier

    Besides Mantra (OM), a new memecoin dubbed Bitcoin Pepe (BPEP) also offers an intriguing investment opportunity in its ongoing presale.

    Bitcoin Pepe introduces an intriguing concept by integrating meme culture with Bitcoin’s robust security, positioning itself as the world’s only “Bitcoin Meme ICO.” Its presale, currently in stage 4 of 30, has already raised over $2 million signaling the demand among investors.

    The Bitcoin Pepe presale is structured in such a way as to incentivize early investors with the price increasing with each presale stage. The price is currently at $0.0243 and is set to increase to $0.0255 in the next stage.

    Notably, Bitcoin Pepe aims to build a Layer-2 solution on Bitcoin, promising instant transactions and ultra-low fees, an enticing proposition for those looking for efficiency in Bitcoin transactions.

    By leveraging Bitcoin’s longevity and combining it with fast transaction capabilities akin to Solana, Bitcoin Pepe is carving out a niche in the meme coin market. The project’s whitepaper and roadmap detail ambitious plans for development, including AMAs, interactive Q&As, and additional hires to support its Layer-2 build, which seems to fuel investor enthusiasm.

    While CAKE’s recent faltering might be temporary, the surge in OM and BPEP offers alternative opportunities that promise not just immediate returns but also long-term viability and utility within the crypto ecosystem.

    However, as with all investments in this volatile sector, due diligence remains crucial to navigate through the hype and understand the real potential of each project.

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  • Is PancakeSwap (CAKE/USD) bullish market over?

    Is PancakeSwap (CAKE/USD) bullish market over?

    • PancakeSwap was bullish up to November, doubling in price

    • PancakeSwap token has been weighed by the risk contingencies of the FTX sage

    • The cryptocurrency remains on a downtrend and risks a lower low

    It seems that PancakeSwap (CAKE/USD) will have to end 2022 on a low note. CAKE was among a handful of cryptocurrencies that looked strong in the face of a bear market. However, it couldn’t last beyond November. The aftermath of the FTX collapse has taken a toll on the cryptocurrency. Why has this so yet tokens of decentralised exchange or DEX surged post-FTX saga?

    The decline in CAKE happens potentially due to its connection with Binance. The cryptocurrency is based on the Binance Smart Chain. Thus, the confidence crisis facing centralised exchanges, including Binance, may have infiltrated PancakeSwap. It does not necessarily mean that is the case, though, as the bear market is also ravaging crypto markets.

    With CAKE touching a crucial resistance at $5.0 in early November, investors could have exited positions. That, of course, was inspired by the FTX collapse that sent most crypto tokens tumbling. Investors would not have risked the profits they had made since CAKE had already doubled in value since the June lows. Based on these, CAKE’s bullish market is over, at least in the meantime. 

    CAKE’s technical outlook is bearish as price retests resistance

    CAKE/USD Chart by TradingView

    A technical outlook shows CAKE retesting a resistance at $3.5. The price has stalled since touching the level, suggesting a possibility of a correction to the downside. 

    The MACD indicator is very bearish for cryptocurrency. The RSI reading has slightly improved since touching oversold conditions as the CAKE price fell to $3.1. The reading remains below the midpoint, indicating that bears are in control.

    What is the likely next price of CAKE?

    CAKE price will stay bearish unless bulls recover above the $3.5 level. The next potential price level for the cryptocurrency lies at $2.8 and $2.6. Investors should keep off until the bearish movement subsides and should buy CAKE on a bullish reversal confirmation.

    Where to buy CAKE

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy CAKE with Binance today

    Swapzone

    Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


    Buy CAKE with Swapzone today

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  • Snowfall Protocol Is Set to Outperform PancakeSwap and Shiba Inu | Coinspeaker

    Snowfall Protocol Is Set to Outperform PancakeSwap and Shiba Inu | Coinspeaker

    Two of the most popular cryptocurrencies Shiba Inu (SHIB) and, PancakeSwap (CAKE), are competing with the new crypto project Snowfall Protocol (SNW) as investor favorites, so we look at all three.

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