PancakeSwap Trading Down 9% Over Last 7 Days (CAKE)

PancakeSwap (CAKE) traded 1.8% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on August 2nd. One PancakeSwap token can now be bought for about $1.80 or 0.00002781 BTC on popular exchanges. PancakeSwap has a total market cap of $423.01 million and approximately $28.95 million worth of PancakeSwap was traded on exchanges in the last day. Over the last week, PancakeSwap has traded down 9% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% 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.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 10.7% lower against the dollar and now trades at $0.0873 or 0.00000133 BTC.

PancakeSwap Token Profile

PancakeSwap’s launch date was September 29th, 2020. PancakeSwap’s total supply is 383,750,736 tokens and its circulating supply is 235,243,504 tokens. The official website for PancakeSwap is pancakeswap.finance. The official message board for PancakeSwap is blog.pancakeswap.finance. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. 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 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.”

PancakeSwap Token Trading

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

CAKE/USD price chart by TradingView