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PancakeSwap (CAKE)

PancakeSwap (CAKE)

The price of PancakeSwap is $2.33, a -0.92% change over the last 7 days. Learn more about PancakeSwap’s price history, how it works, and how to invest.

By:
Updated: Aug 5, 2024
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Overview
Markets
Historical Data
Price Statistics
Advanced chart
Technical analysis
PancakeSwap price today
24h Change -$0.25
24h High $2.61
24h Low $2.31
Market cap $682.07M
Trading Volume (24h) $187.88M
Market Dominance 0.02%
Market Rank #90
Circulating Supply 292.83M
Max Supply 450M

PancakeSwap markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
CAKE/USDT $2.38 $228,607.00 $469,184.79 74,065,576 Recently
2
Binance Binance
CAKE/BUSD $1.23 $49,765.93 $62,187.54 117,828 Recently
3
Binance Binance
CAKE/BTC $2.37 $29,144.31 $68,680.43 783,777 Recently
4
KuCoin KuCoin
CAKE/USDT $2.37 $44,461.92 $87,358.40 2,080,632 Recently
5
Binance Binance
CAKE/BNB $2.37 $8,499.31 $32,057.60 405,108 Recently
6
Bithumb Bithumb
CAKE/KRW $2.38 $8,749.04 $27,315.35 652,627 Recently
7
PancakeSwap v2 (BSC) PancakeSwap v2 (BSC)
CAKE/USDT $2.76 - - 190,373 Recently
8
PancakeSwap v2 (BSC) PancakeSwap v2 (BSC)
CAKE/SQUAD $2.32 - - 0 Recently
9
PancakeSwap v2 (BSC) PancakeSwap v2 (BSC)
CAKE/WBNB $2.37 - - 9,738,362 Recently
10
PancakeSwap v2 (BSC) PancakeSwap v2 (BSC)
CAKE/BUSD $2.37 - - 159,898 Recently
1
Gate.io Gate.io
CAKE/USDT $2.37 - - 7,002,129 Recently
2
MEXC MEXC
CAKE/USDT $2.37 - - 29,666,098 Recently
3
CoinEx CoinEx
CAKE/USDT $2.37 - - 15,125,481 Recently
4
Bitrue Bitrue
CAKE/USDT $2.37 - - 4,873,997 Recently
5
ApolloX ApolloX
CAKE/USDT $2.73 - - 429,036 Recently
6
ApolloX ApolloX
CAKE/BUSD $1.69 - - 10 Recently
7
XT.COM XT.COM
CAKE/USDT $2.37 - - 7,518,927 Recently
8
Gate.io Gate.io
CAKE/USDT $1.26 - - 11,857 Recently
9
MEXC MEXC
CAKE/USDT $1.26 - - 146,675 Recently
10
CoinEx CoinEx
CAKE/USDT $1.27 - - 45,190 Recently
No data found
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About PancakeSwap

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Resources

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What is the PancakeSwap price today?

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The CAKE price is currently $2.33. The price of PancakeSwap is -0.57% over the last 30 days. You can use the live PancakeSwap chart to track the CAKE/USD price in real time above, or compare the PancakeSwap value today to its past performance using the PancakeSwap price history tab at the top of this page.

What is the PancakeSwap price prediction for 2025?

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PancakeSwap price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how PancakeSwap might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the PancakeSwap price has risen or fallen in response, you can begin to understand how the PancakeSwap market reacts to external pressures.

Alongside the CAKE price chart and updates to the PancakeSwap technology, uptake, or development, these factors help you make a PancakeSwap price forecast for the next few months and years.

What is the total supply of CAKE?

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The circulating supply is 292,828,808.44 CAKE, out of a total maximum supply of 450,000,000.00 CAKE.

What is the price prediction for PancakeSwap?

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The average PancakeSwap price prediction values the coin at $2.10 by the end of 2025. Things like the economic climate and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is PancakeSwap?

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PancakeSwap is a decentralised exchange (DEX) that serves a key role in the world of decentralised finance (DeFi), processing hundreds of millions of dollars in cryptocurrency trades every day and serving millions of users.

Its cryptocurrency, CAKE, is primarily used to provide voting rights to token holders, so they can help make decisions regarding the development of PancakeSwap. 

In addition, sticking with the sugary theme, CAKE can be staked for rewards on PancakeSwap in something called a SYRUP pool. 

How does PancakeSwap work?

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PancakeSwap uses liquidity pools rather than a traditional order book. Liquidity pools are separate digital groups filled with different cryptocurrency tokens. This means there are always tokens available to exchange, providing the liquidity needed for the platform to function effectively.

How is the PancakeSwap network secured?

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Pancakeswap is secured by the blockchain that it runs on. CAKE uses a unique hybrid consensus algorithm called Proof of Staked Authority (PoSA) and is connected to the Binance Smart Chain.

Validators, who are other users on the network, are responsible for securing and verifying transactions. However, unlike Ethereum, which boasts over 70,000 validators, the BSC blockchain only supports 41 validators.

What is PancakeSwap used for?

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The PancakeSwap platform has multiple uses, including trading, providing liquidity, and farming. It is an automated market maker, which means other users deposit funds into pools so that there is always liquidity for traders.

When you deposit your cryptocurrency into one of PancakeSwaps pools, you can later withdraw it and additional funds made up from trading fees.

Why does CAKE have value?

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PancakeSwap is one of the most popular decentralised exchanges due to its low transaction fees, which are 0.2% rather than the industry standard of 0.3%. CAKE can also be staked and attracts high yields.

Who created PancakeSwap?

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The platform was founded by an anonymous group of developers in September 2020. Unlike most DEXs, which are built on Ethereum (such as Uniswap), the developers opted for the Binance Smart Chain courtesy of its faster and cheaper transactions.

Where can I buy PancakeSwap?

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You can buy PancakeSwap on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy PancakeSwap explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in PancakeSwap?

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The simplest way to invest in PancakeSwap is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any PancakeSwap alternatives?

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There are lots of CAKE alternatives and if you want to learn more about a few similar coins, you can click the links below.

  • Huobi Token. Huobi Token is the native coin of the Huobi exchange.
  • Cronos. Cronos is a cryptocurrency that is part of the Crypto.com exchange
  • Binance Coin. BNB is the native coin of the Binance cryptocurrency platform

FAQs

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01

Is PancakeSwap safe?

02

Has PancakeSwap been hacked?

James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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