PancakeSwap Trading Down 5.9% This Week (CAKE)

PancakeSwap (CAKE) traded 0.9% higher against the US dollar during the one day period ending at 20:00 PM E.T. on September 4th. One PancakeSwap token can now be purchased for about $1.69 or 0.00002918 BTC on major exchanges. PancakeSwap has a total market cap of $447.68 million and $23.48 million worth of PancakeSwap was traded on exchanges in the last 24 hours. During the last seven days, PancakeSwap has traded down 5.9% against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Taiko (TAIKO) traded 1.4% higher against the dollar and now trades at $1.43 or 0.00002461 BTC.
• 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 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher 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 1% lower against the dollar and now trades at $0.0501 or 0.00000086 BTC.

About PancakeSwap

PancakeSwap’s genesis date was September 29th, 2020. PancakeSwap’s total supply is 383,118,819 tokens and its circulating supply is 264,403,394 tokens. 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. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. The official message board for PancakeSwap 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.”

Buying and Selling PancakeSwap

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

CAKE/USD price chart by TradingView