Pancakeswap Price Analysis/Prediction 2021 April 17

PancakeSwap is a Binance Smart Chain project. On September 1, 2020, the Binance Smart Chain (BSC) was released onto the market. This fourth-generation blockchain was created in order to run along Binance Chain.

PancakeSwap is the most popular Dapp on the Binance Smart Chain, and many people consider it to be a project with limitless potential. As a result, the platform is extremely popular with $4,042,828,376 in locked liquidity at the time.

Pancakeswap trading overview

In a narrowing range, the Pancakeswap price continues to grind sideways. When the pattern breaks, the market is expected to make a significant move. Pancakeswap is currently trading at $16.69.

Weekly price performance: +21.54%

Weekly Range: $14.8164 – $21.6060

Market Cap: $3.436 Billion

Pancakeswap is ranked 37^th cryptocurrency. Currently its native token CAKE price is standing at $16.70 with the change of 2.48%. Its trading volume in the last 24 hours is $141,369,001 along with market cap of $3,040,360,397. The total value locked is $4,042,828,376. Its circulating supply is 182,181,601.51 CAKE.

CAKE is caught between the support and resistance of a triangle formation on the daily chart according to the price prediction. A declining trend line from the 20th of May high of $22.5741 provides resistance at $21.3000.

How to buy pancakeswap

Binance- Best for Australia, Canada, Singapore, UK, and most of the world. USA residents are prohibited from buying CAKE here.  Use Discount Code:EE59L0QP for 10% cashback off all trading fees. 

PancakeSwap is a platform that introduces new methods to create income stream. The DEX allows users to make money while also saving money on fees. They can easily earn rewards by staking and farming their tokens. Non-fungible tokens are supported by the network for trading and issue (NFTs).

When you consider all of the features and benefits of utilizing PancakeSwap, it’s simple to see why it’s so popular.  For the time being, the best course of action is to keep an eye on the price and plan for potential chances in near future.