PancakeSwap Market Capitalization Hits $482.97 Million (CAKE)

PancakeSwap (CAKE) traded up 5.5% against the U.S. dollar during the 1-day period ending at 20:00 PM ET on August 22nd. One PancakeSwap token can currently be bought for approximately $1.94 or 0.00003204 BTC on major cryptocurrency exchanges. During the last seven days, PancakeSwap has traded up 22.6% against the U.S. dollar. PancakeSwap has a total market capitalization of $482.97 million and approximately $69.11 million worth of PancakeSwap was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 12.2% higher against the dollar and now trades at $0.0503 or 0.00000083 BTC.

PancakeSwap Token Profile

PancakeSwap was first traded on September 29th, 2020. PancakeSwap’s total supply is 383,378,873 tokens and its circulating supply is 248,986,328 tokens. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. The official website for PancakeSwap is pancakeswap.finance. The Reddit community for PancakeSwap is https://reddit.com/r/pancakeswap/ and the currency’s Github account can be viewed here. PancakeSwap’s official message board 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 trade PancakeSwap should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PancakeSwap using one of the aforementioned exchanges.

CAKE/USD price chart by TradingView