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PancakeSwap's token, CAKE, has turned heads with an impressive 46% surge in just one week, marking a significant reversal of its early 2025 downtrend. While Bitcoin (BTC) and other major cryptocurrencies showed declines, CAKE managed to break away from the broader market movement, posting solid weekly gains.
Fibonacci retracement levels showed that the previous swing move south was almost entirely retraced.
The tokens of the Binance ecosystem, BinanceCoin (BNB) and PancakeSwap (CAKE), have been showing remarkable strength over the weekend, with the beginning of the week bringing even more bullish momentum. As both tokens display signs of a potential breakout, analysts believe they are on the brink of a major price surge, possibly rising by 20% in the near future.
Cryptocurrencies displayed mixed trends on Monday as altcoins signaled recoveries while Bitcoin remained stuck around the $97K region. Amidst the indecisive performance, DeFi tokens thrived with substantial gains. While the global crypto market capitalization lost nearly 1% to $3.
PancakeSwap (CAKE) has surged 70% in a week, reflecting growing DeFi momentum. With Total Value Locked (TVL) rising and liquidity increasing, DeFi protocols are showing signs of a renewed bull cycle.
The prices of the popular tokens, BiananceCoin & PancakeSwap, have begun to inflate as the bulls are utilizing all their resources to defend the strong support. The recent consolidation around the gains has confirmed a bullish pattern and a breakout from the range may initiate a fresh ascending trend.
PancakeSwap was the best-performing top-100 cryptocurrency last week as the volume in its ecosystem surged. PancakeSwap (CAKE) token rose by nearly 50% in the last seven days.
BNB Chain, associated with Binance, topped Solana in daily fee generation on February 13, recording $5.8 million in fees, per Nansen data. This marked the first time since October 31, 2024, that a blockchain outside Ethereum or Solana led in fees, exceeding Solanas $3.3 million and outpacing Ethereum by over fivefold.
The rising meme coin vortex on the BNB Chain triggered by Binance co-founder CZ has helped PancakeSwap surpass $1 trillion in trading volume.
PancakeSwap, a leading decentralized exchange (DEX) on BNB Chain, has surpassed Uniswap in daily and weekly trading volume, driven by increased interest in memecoins. According to DeFiLlama, PancakeSwap recorded over $3 billion in 24-hour volume and $21 billion weekly, while its native token, CAKE, soared 40% in a day and doubled in value over the week.
PancakeSwap's native token, CAKE, has been on an impressive run, rising 53% in just 24 hours, with its weekly gains pushing past 100%. This surge comes after a brief decline over the last month, sparking speculation about whether the token can maintain its bullish momentum or if it will face a short-term correction.
The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.
CAKE, the native token of decentralized exchange PancakeSwap, the largest protocol on the BNB Chain, saw an unexpected 50% price increase in hours, capturing the market's attention.
CZ hinting he will unveil his pet dog's name and likeness has ignited a wave of speculation over the potential launch of a new memecoin.
TL;DR CAKE has risen by 34.9% in 24 hours and over 100% in the last week, reaching $2.87 after a correction phase that brought it close to $1.33. The total value locked (TVL) in the platform has grown by 15.91%, reaching $1.85 billion, with the potential to surpass $2 billion if the trend continues.
PancakeSwap (CAKE), Sonic prev. Fantom (S) and Lido DAO (LDO) are the top gainers among 100 largest cryptocurrencies by market cap. CAKE price has spiked more than 40% in the past 24 hours, while S and LDO have notched +17% and +12% to rank among best performing altcoins today.
The move comes as bitcoin has stuttered around $96,000.
PancakeSwap has pulled off a 52.7% rally in the last 24 hours, fueled by its growing presence in the DeFi space.
PancakeSwap's native token, CAKE, has emerged as the top-performing asset in the past 24 hours. Its value has soared by 57%, causing the altcoin to trade at an all-time high of $3.04 at press time.
Despite bullish momentum, CAKE could experience a brief cooldown. Can the alt resurge after that and sustain its momentum?
Cryptocurrencies displayed optimism on Thursday following Bitcoin's swift rebound after yesterday's US CPI-driven dip below $95K. While top alts Ethereum (+3.55%), XRP (+2.30%), and Dogecoin (+2.80%) recorded significant gains in the past day, PancakeSwap dominated trends. CAKE jumped from its $1.92 opening price to a daily high of $3.2 – a 66.67% jump.
The Binance season is here! The Binance ecosystem tokens, BinanceCoin (BNB) & Pancakeswap (CAKE), skyrocketed, leaving the major cryptos behind. The BNB price surged above $700 with over a 15% rise and flipped Solana to become the 5th largest crypto after BTC, ETH, XRP, & USDT.
The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.
The Binance Coin price has surged and is nearing its all-time high as demand for the token jumps. BNB jumped to a high of $720 on Thursday morning, about 10% below its all-time high of near $800.
