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Top 7 Trending Crypto To Buy Now: Why Shib, Doge, and Ada are Trending with Potential 10X Gains

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As the crypto market moves to a recovery level, you probably are looking to set up a new crypto portfolio. But with over 22,000 coins, how do you find the best trending cryptocurrencies to buy? How do you identify the top cryptocurrencies worth investing in today?

Our analysts sought to answer these questions to help you make the right investment decision by analyzing the market and coming up with a list of crypto you should buy. It brings together established coins with some excellent long-term investments and some grossly undervalued currencies. They also throw in a couple of tokens to invest in, such as Dogecoin (DOGE), Shiba Inu, and ApeCoin, before the next bull market.

>>>Buy Cryptos Now<<<

Read on to discover these trending cryptos and why you should invest in them.

Top 7 Trending Crypto to buy now before 10x gains

Here is an outline of what our experts consider the best crypto coins to invest in in 2022. They are highly potent and are expected to post incredible gains in the foreseeable future.

  • DogeCoin (DOGE)
  • Shiba (SHIB)
  • Cardano (ADA)
  • Ethereum (ETH)
  • Hedera Hashgraph (HBAR)
  • ApeCoin (APE)
  • Ankr (ANKR)

A Closer Look at The Top Trending Cryptos to Buy now:

Dogecoin

Dogecoin (DOGE) has been one of the top performers over the past 24 hours. DOGE is up by 19% over the past 24 hours. DOGE’s bullish sentiment could be attributed to a bullish run across the broader cryptocurrency space, alongside news that Musk could be in the process of purchasing Twitter.

Dogecoin is skyrocketing and outperforming the rest of the crypto space. In the last 24 hours, the cryptocurrency market cap has only gained less than 2%. However, DOGE continues to attract buying pressure that could lower the price.

During the past few weeks, DOGE has been facing resistance in attempting to push higher. However, volatility is now high for the meme coin, given that in the last 24 hours, the price has traded between $0.065 and $0.08. At the time of writing, DOGE was trading at $0.077

DOGE has registered a massive spike in trading volumes. The meme coin’s trading volumes currently stand at $2.2 billion, which is a nearly 200% increase. The high trading volumes indicate that the meme coin’s volatility could continue being high in the coming trading hours.

DOGE’s price chart shows that during the past week, the meme coin has gained by around 33%, making it one of the best gainers in the cryptocurrency space. The bullish sentiment seems to be attracting whales, according to Santiment, with whale transactions increasing to August levels.

The recent gains with DOGE could be attributed to reports that Elon Musk closed the Twitter purchase deal on Friday. Musk agreed to buy Twitter at $54.20 per share, and a judge had given the Tesla CEO up to October 28 to finalize the deal.

Musk is a big supporter of Dogecoin, given that he has supported DOGE payments in his companies, such as SpaceX and Tesla, and the same could extend to Twitter. Twitter is a major social hub for the crypto community, and the addition of DOGE payments could trigger a notable rally.

>>>Buy Dogecoin Now<<<

Shiba Inu (SHIB)

Another token poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be the next big thing in the market.

It seems the bulls are back in control as Shiba Inu finally breaks out of a long-term symmetrical triangle pattern and removes a zero from its current trading price.

Entering overbought territory on the relative strength index there is a risk of a short term pull back in price for Shiba Inu, but the bullish momentum and green candles being printed on the price charts are showing no signs of weakness just yet.

As we can see Shiba Inu has been following a textbook symmetrical triangle which is typically a consolidation pattern. With Bitcoin pumping back above $20,000 today the sentiment in the blockchain markets flips bullish as thrill and excitement enters the market.

Investors who bought Shiba Inu during the crypto crash of June 2022 would still be up a whopping 40.25% if they were holding their investments today.

From a technical analysis perspective Shiba Inu is still looking very bearish versus the all-time high of $0.00008847 from October 2021, in fact, Shiba Inu is still down a massive 88% from the all-time high.

This could however suggest that Shiba Inu crypto is now in an undervaluation re-accumulation range which means downside risk is minimized and the upside potential from here to the next crypto bull market could potentially be very rewarding for patient long term investors.

According to Coinmarketcap Shiba Inu has a market capital of $5.64 billion, this is still quite impressive during a crypto winter and is still currently a top #20 cryptocurrency in terms of market capital.

Whilst there might not be much more room for growth for Shiba Inu in 2022, it could be an ideal price level to begin accumulating for a long-term crypto portfolio.

>>>Buy Shiba Inu Now<<<

Cardano (ADA)

Cardano is indeed one of the trending cryptos to consider. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof-of-stake consensus mechanism.

It’s included among the trending crypto investments today because it is massively undervalued. Despite having a positive ROI and a position among the ten largest cryptocurrencies, ADA token prices are massively underpriced. And we attribute this undervaluation to its slow integration of emerging crypto technologies into its ecosystem, making Cardano less dynamic.

The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Furthermore, as the ecosystem integrates more technologies,  ADA token prices are expected to start correcting upwards, making it a top crypto coin to buy and HODL.

>>>Buy ADA Now<<<

Ethereum (ETH)

After its upgrade, the value of Ethereum is currently stagnant at less than $1,300. Analysts believe that ETH has a favorable short-term prognosis. A long-term price increase for Ethereum is also expected.

Ethereum’s prospects may appear less promising than they were a year ago due to the public’s rising dissatisfaction with NFTs. But due to its wide range of usefulness, Ethereum won’t be slowed down. NFTs are only one of many initiatives in the Ethereum network that are active at the same time.

Briefly, Ethereum executes smart contracts using the Ethereum Virtual Machine, a blockchain-based supercomputer. Ethereum price forecasts are high because many analysts and investors think it will increase over time.

>>>Buy Ethereum Now<<<

Hedera (HBAR)

One of the trending cryptocurrency releases for 2022 is HBAR. Unlike many of the most undervalued cryptos, HBAR isn’t a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.

This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. HBAR’s primary use case is payment processing. Furthermore, since the network fully supports smart contracts, developers can launch new and exciting dApps within various niches.

>>>Buy HBAR Now<<<

ApeCoin (APE)

One of the trending crypto projects with high potential catching investors’ attention is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although the collection’s developers do not directly create APE, it was airdropped to NFT holders upon launching in early 2022.

ApeCoin has also been announced as the native token of BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games. Many think ApeCoin is the best trending crypto investment for long-term value potential.

>>>Buy ApeCoin Now<<<

 Ankr (ANKR)

ANKR is the latest addition to our list of trending cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs.

In addition, Ankr allows developers to set up their nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.

>>>Buy ANKR Now<<<

Top Trending Cryptos – Conclusion

To conclude, this guide has taken an in-depth look at 7 of the top trending cryptos on the market, highlighting what they are and why they are generating so much traction. Although nothing is certain in the crypto market, these projects look to have exceptional future potential –  making them great additions to investors’ watchlists.

>>>Buy Crypto Now<<<

The Stock Market Plunges and the Battle for Metaverse OS

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It is tough over here in America with the stock market. Fidelity sent me my 401k statement a few days ago. It was off by 27% and we still have two more months to go. If the market could beat Fidelity that badly, you can agree that this is an avalanche.

Indeed, wealth is being destroyed and ravaged in the US stock market. Within  the last 12 months, Meta (yes, Facebook) share has hit a high of $353 per unit; now, it is hovering around $97 per unit. Look deeper, Meta has lost close to $700 billion within 12 months!

As people write how “poor” Mark Zuckerberg has become [pray that you have that level of poverty!], remember that the 99% are severely affected. He might have lost some $1billions but people are losing everything.

Check carefully, the resilient bigtech online companies are the ones with defensible moats via native operating systems. Apple and Alphabet  (Google) variances are not that bad while Meta and Amazon are under high voltage volatility pressure! The battle for metaverse OS is going to be ferocious.

It is tough over here in America with the stock market. Fidelity sent me my 401k statement a few days ago. It was off by 27% and we still have two more months to go. If the market could beat Fidelity that badly, you can agree that this is an avalanche.

Indeed, wealth is being destroyed and ravaged in the US stock market. Within  the last 12 months, Meta (yes, Facebook) share has hit a high of $353 per unit; now, it is hovering around $97 per unit. Look deeper, Meta has lost close to $700 billion within 12 months!

As people write how “poor” Mark Zuckerberg has become [pray that you have that level of poverty!], remember that the 99% are severely affected. He might have lost some $1billions but people are losing everything.

Check carefully, the resilient bigtech online companies are the ones with defensible moats via native operating systems. Apple and Alphabet  (Google) variances are not that bad while Meta and Amazon are under high voltage volatility pressure! The battle for metaverse OS is going to be ferocious.

Microsoft won the operating system for laptops and desktops. Google and Apple won the mobile era via Android and iOS respectively. The next game is who wins the metaverse emerging age. Facebook (Meta) is betting on that future so that it can control end-to-end positioning in the market.

Today, one update from Apple iOS and Google Android makes Facebook lost in a world-sea of smartphones. Yes, there is a clear correlation between the fall of Facebook’s valuation and the tracking policies implemented by Apple! Facebook hopes to reverse that when the world moves into the metaverse possible via its VR sets! It is investing massively into that transition.

Has Big Tech’s decade of rocketing growth come to an end? That was the question being asked by analysts and commentators this week, after a string of disappointing earnings reports from firms such as Meta, Amazon, Alphabet and Microsoft — parent company of LinkedIn — sent many tech stocks tumbling. After powering through the economic turmoil of the pandemic, Big Tech companies are now being buffeted by a convergence of headwinds: high inflation, rising interest rates, the strong dollar and a pullback in spending by advertisers and consumers. (LinkedIn News)

Mark Zuckerberg’s Net worth Drops as Meta (Facebook)’s Value Plunges

Mark Zuckerberg’s Net worth Drops as Meta (Facebook)’s Value Plunges

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CEO of Meta Mark Zuckerberg continues to face an unfriendly year, as he reports another quarter of falling revenue after Meta’s value plunged by $89 billion.

In New York, Meta shares fell by 25% as the world’s largest social networking app joined other Big Tech companies in notifying that an economic slowdown was hurting its advertising businesses as brands had cut back on marketing.

According to a Bloomberg report, data reveals that Mark Zuckerberg currently has a net worth of $37.7 billion, a startling decline from a peak of $142 billion in September 2021. 

Experts attribute the fall in Meta’s revenue to the growing competition it is facing from strong competitors like short-form video app TikTok, as well as difficulties in targeting and evaluating advertising due to Apple’s privacy policy shifts.

According to Meta, it disclosed that revenue in the current quarter would be in the $30 billion to $32.5 billion range, compared to analysts’ expectations of $32.2 billion.

The net financial income of the company dropped 52% to $4.4 billion in the third quarter, falling short of consensus estimates of $5 billion. Meanwhile, revenues fell 4% to $27.71 billion, the slowest rate of growth since going public in 2012. 

Mark Zuckerberg stated that the company has so far faced near-term challenges in revenue but he strongly believes that the fundamentals are there for a return to stronger revenue growth. He however disclosed to investors at the company that he is pretty confident everything will go in a positive direction for the company.

During a conference call with analysts, he also disclosed his comeback plans, such as launching a short-form video format that will compete with TikTok, business messaging, and the metaverse. He, therefore, reassured investors that he is confident his strategies would pay off in the long run.

Notably, investors had already questioned Meta’s decision to spend heavily on Zuckerberg’s vision of creating a digital avatar-filled world known as the metaverse, which grew rapidly during the coronavirus pandemic.

This like Meta’s other virtual and augmented reality projects is not expected to yield results for many years. Meanwhile, Reality Labs, the company’s metaverse unit, saw revenues nearly drastically reduced to $285 million in the third quarter, while losses were $3.7 billion, up from $2.6 billion in the previous year. The company anticipates that operating losses in the unit would increase significantly year over year in 2023.

In a bid to cut costs to improve its revenue, Meta is making significant changes across the board to enable efficient operation and has also increased scrutiny on all areas of operating expenses.

However, the company via a statement disclosed that these implementations will take time to play out, adding that some attempts to find savings, like reducing its workspace and enabling remote work among its workers, would result in incremental costs in the near term.

Meme Coins spike MiniFootBall Coin climbs over 25% Toon Finance raises over 2.5 Million USD

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What is a meme coin Toon Finance?

A meme coin is a digital asset that represents a popular internet meme. Meme coins are often created as a way to raise awareness for a project or to generate hype around a certain topic. For example, the Dogecoin (DOGE) project was created as a way to raise awareness for the Dogecoin cryptocurrency.

The DOGE token is based on the popular “Doge” meme, which features a Shiba Inu dog.

Experts are saying that DOGE and SHIB will struggle to keep up with the up and coming Toon Finance which is offering a DEX platform with many innovative features.

While some meme coins are created for serious purposes, others are created simply as a way to have some fun and generate hype. For example, the Useless Ethereum Token (UET) was created as a way to make fun of the ICO craze that was sweeping the Ethereum community at the time. The UET token has no real purpose or use case; it was simply created as a way to poke fun at the ICO craze.

Speaking of ICO craze, have you heard of Toon Finance? The new meme coin with exceptional specs and crypto analysts around the world are calling it the next moon rocket or 100x token. This is a good opportunity to lock in an early investment.

Despite their often tongue-in-cheek nature, meme coins can be quite successful. For example, Dogecoin (DOGE) has a market capitalization of over $600 million USD. While this is still relatively small compared to Bitcoin (BTC), which has a market cap of over $100 billion USD, it still goes to show that there is significant interest in meme coins.

How Meme Coins Work

Meme coins typically follow the same basic structure as other cryptocurrencies. There is usually a blockchain that powers the coin, and users can send and receive tokens using wallets that are compatible with the blockchain. In most cases, meme coins are based on existing blockchain platforms such as Ethereum (ETH) or Bitcoin (BTC).

One of the key differences between meme coins and other types of cryptocurrencies is that they often have very low supply levels. For example, there are only 21 million Bitcoin that will ever be mined. In contrast, there are over 100 billion DOGE in circulation. This low supply can lead to price increases if demand for the coin increases.

Another difference between meme coins and other types of cryptocurrencies is that they typically don’t have an ICO or pre-mine.

This means that there is no initial coin offering where early investors can buy tokens at a discount, and no one person or group owns a large percentage of all the tokens that will ever be mined.

This lack of centralization is one of the key selling points of cryptocurrencies, and it helps to ensure that no single person or group can control the price of the coin.

Meme coins are digital assets that represent popular internet memes. They are often created as a way to generate hype around a certain topic or project.

While some meme coins are created for serious purposes, others are simply created as a way to have some fun. Despite their often tongue-in-cheek nature, meme coins can be quite successful; for example, Dogecoin (DOGE) has a market capitalization of over $600 million USD. If you’re thinking about investing in cryptoassets, then you may want to consider investing in meme coins!

The Latest on MINIFOOTBALL Prices

The cryptocurrency market is ever-changing, and it can be hard to keep up with the latest prices. In this blog post, we’ll be giving you the latest data on MINIFOOTBALL prices. Keep reading to stay up-to-date!

As of right now, the live Minifootball price is $1.49e-10 USD, with a 24-hour trading volume of $7,181,146 USD. Minifootball has seen a 21.22% increase in the last 24 hours. It’s currently ranked at #2657 on CoinMarketCap, with a circulating supply of not available and a max supply of 100,000,000,000,000,000 MINIFOOTBALL coins.

What does this mean for investors? Well, if you’re thinking about investing in MINIFOOTBALL, now might be a good time to do so. However, as with any investment, it’s important to do your research before putting your money in. Stay up-to-date with the latest prices and news so that you can make informed decisions about your investments.

The cryptocurrency market is ever-changing and volatile, so it’s important to stay on top of the latest prices if you’re thinking about investing. In this blog post, we’ve given you the latest data on MINIFOOTBALL prices. As always, do your own research before investing in anything and remember to never invest more than you’re willing to lose.

Why meme coins like Toon Finance and MiniFootball are taking over

MiniFootball coin climbed over 25% the last 24 hours as Toon Finance and other meme coins thrive. Toon Finance is currently in the presale process in hopes to raise 20 MIL USD for their DEX platform that is going to be similar to PancakeSwap except Toon Finance is going to offer many more features such as the P2E Battlegrounds which you can read more about in their Toon Finance Docs page.

Join the Toonie Takeover

Cryptocurrency analysts have been comparing the two coins saying that Toon Finance is headed in a similar direction as MiniFootBall with their influencers and the billboards etc. This ICO presale is going to blow, no doubt about it.

Toon Finance is the hottest coin on the block right now with the project blasting through presale and stirring up the meme coin community.

Toon Finance is a very simple presale to get into.

In order to buy your presale TFT coins you must have a multi coin crypto wallet. This is a wallet that will hold ETH coins such as MetaMask or TrustWallet. These are the two recommended wallets.

Once you have your multicoin wallet ready then you are now ready to purchase your TFT coins.

Next you will load your wallet with ETH, which is the currency for this case.

Once you have your wallet loaded with ETH all you have to do is swap it for TFT coins on the Toon Finance Buy Page.

Enter the amount in ETH that you would like to use to swap for TFT coins and click “BUY”.

Congratulations, Once you have completed this process you are now ready to shill Toon Finance with your fellow TFT Community members.

Toon Finance Protocol | Telegram | CoinMarketCap | Toon Finance Coin Presale

Toon Finance Disrupts The Meme Coin Space Raining on Shiba Inu & Dogecoin

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Toon Finance Benefits

This is a terrific chance for early investors to profit from both the short-term (in the days immediately after the coin’s introduction) and the long-term (in the months following the launch of the DEX). The reason for this is because the usage of TFT coins in the ToonieVerse will raise demand, thereby driving up the price. Normal market forces at work.

Other than their new P2E choices, this currency is not wasting any time in releasing the NFT project that will accompany the new DEX coin.

Those who care about the TFT project will find this extremely fascinating.

People who want to use or invest in the project from the beginning may do so, shaping the course of the project and its future.

The team at Toon Finance has developed a system that has the potential to revolutionize the crypto currency industry.

The platform will function similarly to the Binance Network’s Pancake swap platform. When it comes to Ethereum, Toon Finance will be there to help out. Toonie NFTs, issued to early investors, will be exchangeable on the ERC721 blockchain.In all, 10,000 Toonie NFTS will be made available to members.

To learn more about what Toon Finance is up to and how you can join the Toonie Army, head on over to Toon Finance.

Why Are Meme Coins So Popular?

There is a wide variety of opportunities for bitcoin investors. Meme coins, however, have been trending up in recent times. The widely used cryptocurrency Dogecoin was first conceived as a joke coined from the “Doge” meme. These assets may seem like a joke at first, but they are rather valuable in the long run.

This is the reason why,

They can be understood by anyone:

Some individuals may find the concept of cryptocurrency to be quite difficult to grasp.

Meme coins however, are so straightforward that even individuals unfamiliar with the internet may grasp their significance. With this change, they become friendlier and less scary.

The sense of belonging is inherent to them: Getting early adopters is one of the most challenging aspects of starting a new cryptocurrency.

However, there is already an established user base and fan base for meme currencies. They now have an advantage over competing coins in the market.

Putting money away should be something you look forward to doing. Meme coins allow you to have a good time while still having the opportunity to make some real money. Meme coins are a great investment opportunity for anybody considering about getting into the cryptocurrency market. Their accessibility, in-game support, and entertaining nature make them a top pick.

DOGECoin

There is a chance of losing money if you invest in DOGE coin, just like any other investment. DOGE coin, on the other hand, may be worth considering if you’re seeking for a stable coin with a good return on investment.

The value of one DOGE has gone up and down since its introduction, but generally speaking, it has increased. As an added bonus, DOGE currency is rather cheap, making it a viable alternative for novice investors.

DOGE Price Live Data and Analysis

Dogecoin is a cryptocurrency with a Shiba Inu dog from the “Doge” meme as its logo. Dogecoin was started as a joke currency but it quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Unlike most cryptocurrencies, which are trying to replace fiat currencies, Dogecoin exists purely for fun. It has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. Dogecoin is also popular because it’s inexpensive and has a fast transaction time.

DOGE Price Today

The live Dogecoin price today is $0.077733 USD with a 24-hour trading volume of $2,618,928,069 USD. The current CoinMarketCap ranking is #10, with a live market cap of $10,312,878,547 USD. It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.

DOGE to USD Price Analysis

Dogecoin is up 8.22% in the last 24 hours. The cryptocurrency reached its all-time high on January 8th of this year when it was trading at $0.085556. Since then, the price has been on a steady decline and hit its lowest point in the last 24 hours at $0.070981.

At the time of writing, the price is $0.077733 which is still down from the all-time high but up from the low point.

The DOGE to USD price is currently being supported by the 20-day moving average at $0.076015 and the 50-day moving average at $0.075164. There is resistance at $0.080000 but if the price can break through that level, we could see it test $0 .085000 in the near future.

Dogecoin is a fun cryptocurrency that was started as a joke but has since developed an online community of supporters. The DOGE to USD price is currently down from its all-time high but there is potential for growth in the future.

SHIB Price Live Data – Today’s Rates and Where to Buy

Cryptocurrency investors are always on the lookout for the next big thing. With so many options on the market, it can be difficult to know which coins are worth investing in. Shiba Inu (SHIB) is one coin that has been gaining a lot of attention lately. Here’s what you need to know about the current SHIB price live data.

The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $746,509,473 USD. We update our SHIB to USD price in real-time. Shiba Inu is down 1.01% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $5,879,016,041 USD. It has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available.

If you would like to know where to buy Shiba Inu at the current rate, the top cryptocurrency exchanges for trading in Shiba Inu stock are currently Binance, Deepcoin, MEXC, BTCEX, and Bybit. You can find others listed on our crypto exchanges page.

Shiba Inu has a total market capitalization of $5.88 billion and approximately $746 million worth of Shiba Inu was traded on exchanges on the last day. One Shiba Inu coin can now be bought for about $0.000011 or 0.00000000 BTC on major cryptocurrency exchanges including Upbit, BKEX Global, Uniswap (V2), Binance DEX and Gate.io.

Shiba Inu prices have fluctuated greatly in the past week as news about the token’s rapid rise to fame continues to dominate crypto media circles. The SHIBA INU/USDT pair reached an all-time high of $0 on May 8 as buyers flocked to exchanges to get their hands on this new token..

Investors interested in buying SHIB should do their research and consult with a financial advisor before making any decisions. Cryptocurrency prices are volatile and SHIB may not be a good investment for everyone.

PancakeSwap Price Today: Live CAKE/USD Price Chart, History and Analysis

PancakeSwap is a decentralized cryptocurrency exchange built on the Binance Smart Chain. The CAKE token is the native token of the PancakeSwap protocol. It’s used to fuel transactions on the network and to earn rewards for providing liquidity. In this article, we’ll take a closer look at the live PancakeSwap price today and explore its chart history and key fundamentals.

PancakeSwap (CAKE) Price Today – How Much Is One CAKE Worth Right Now?

The live PancakeSwap price today is $4.45 USD with a 24-hour trading volume of $42,239,160 USD. We update our CAKE to USD price in real-time.

PancakeSwap is down 1.69% in the last 24 hours. The current CoinMarketCap ranking is #67, with a live market cap of $660,482,145 USD. It has a circulating supply of 148,497,315 CAKE coins and a max. supply of 750,000,000 CAKE coins.  Below is a pancake swap price chart showing prices for the last week.

PancakeSwap Charts – A Closer Look At The CAKE Price History

The all-time high for PancakeSwap was $23.82 on February 20th, 2021. Since then, there has been a steady decline to where the price is today. A potential reason for this could be due to the overall decline in the cryptocurrency market since February. However, it’s also worth noting that PancakeSwap went through a major protocol upgrade in March which resulted in some users losing funds. This may have also contributed to the decline in price as confidence in the project was shaken.

PancakeSwap Fundamental Analysis – What Gives CAKE Its Value?

The PancakeSwap protocol is designed to be a decentralized exchange on the Binance Smart Chain (BSC). BSC is a blockchain that’s compatible with Ethereum’s smart contracts but offers much faster transaction times and lower fees than Ethereum itself. This makes it an attractive option for DeFi projects that require fast transactions at a low cost. The CAKE token is used to fuel transactions on the network and can also be staked to earn rewards for providing liquidity to the protocol’s pools.

As more users adopt DeFi protocols built on BSC, we expect that demand for the CAKE token will increase as well. This should result in an increase in price as well. Another factor that could drive up demand for CAKE is if Binance decides to list it on its main exchange platform (Binance CoinSpot). Currently, you can only trade CAKE on Binance DEX or through one of its decentralized exchanges (DEXs). If Binance were to list it on its main platform, this would give it much more exposure to mainstream investors and could lead to a significant price increase..”

In conclusion, the Pancake Swap protocol is designed to be a decentralized exchange on the Binance Smart Chain (BSC). The CAKE token is used to fuel transactions on the network and can also be staked to earn rewards for providing liquidity to the protocol’s pools.” If you’re looking for an altcoin with upside potential, Pancake Swap (CAKE) could be worth considering.

Toon Finance Protocol | Telegram | CoinMarketCap | Toon Finance Coin Presale