PancakeSwap (CAKE) Market Capitalization Tops $367.46 Million

PancakeSwap (CAKE) traded 3.8% lower against the dollar during the 24 hour period ending at 17:00 PM E.T. on August 11th. One PancakeSwap token can now be purchased for $1.54 or 0.00002621 BTC on cryptocurrency exchanges. PancakeSwap has a market capitalization of $367.46 million and $16.22 million worth of PancakeSwap was traded on exchanges in the last 24 hours. Over the last seven days, PancakeSwap has traded 3.5% lower against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.5% against the dollar and now trades at $0.0128 or 0.00000022 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 6% against the dollar and now trades at $0.0566 or 0.00000097 BTC.

PancakeSwap Token Profile

PancakeSwap launched on September 29th, 2020. PancakeSwap’s total supply is 383,610,679 tokens and its circulating supply is 238,269,916 tokens. The official message board for PancakeSwap is blog.pancakeswap.finance. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. PancakeSwap’s official website is pancakeswap.finance. The Reddit community for PancakeSwap is https://reddit.com/r/pancakeswap/ and the currency’s Github account can be viewed here.

According to CryptoCompare, “PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is designed to be fast, cheap, allowing anyone to participate.PancakeSwap runs on Binance Smart Chain, a blockchain with lower transaction costs than Ethereum or Bitcoin.Unlike centralized exchanges, PancakeSwap doesn’t hold funds when users trade, giving them 100% ownership of their own crypto.Built on open-source software, the website and all Smart Contracts are publicly visible for maximum transparency.Contracts are verified on BscScan so users know that what they see is what they get.”

PancakeSwap Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as PancakeSwap directly using US dollars. Investors seeking to trade PancakeSwap should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy PancakeSwap using one of the exchanges listed above.

CAKE/USD price chart by TradingView