The price of cake in focus as Palakeswap hit the three-diamond trillion
Pancakeswap last week the best cryptocurrency of the best performance as heat in its ecosystem increased.
Pancakeswap (Cake) Token rose nearly 50% in the last seven days. He traded on a week of $ 2.57, for 125% of his lowest level this month, giving a market hat of over $ 767 million.
Pancakeswap Dex Volume hit 1 trillion
Defi Llama Data It shows that the total strength of Pančikevap has jumped 64% to $ 28.23 billion, its best performance from November 2021. years. He also forwarded a large milestone: her historical scope reached $ 1 trillion.
Planasvap’s volume switched other popular players in DEX industry like Raidium (Radiate) and Uniswap (Uni). Unisvap shook $ 15.3 billion, while Raidium’s scope was more than $ 11 billion.
The other big dexke Dapps in the ecosystem of the smart chain of binancing also had a strong week. Then the weekly volume of the weekly increased by 82% to $ 1.5 billion, while Dodo and Woofing, jumped by 53% and 125%, respectively.
Dex volume of Pankakeswap has been translated into higher exchanging fees. This year these are total fees rose At 64 million dollars, bringing 365 days a total of $ 274 million. It has become one of the most profitable players in Defi Industry.
The network has done well due to the growing degree of BSC Meme coins. One of the most popular memos was Broccoli, inspired by Dog Changpeng Zhao.
Cake price analysis
The daily shows that the price of the cake left parabolically after it fell on a slight 1,1855 dollars earlier this month. This was notable level because it was the lowest level in August last year.
It is also a sign that the token formed a double-bottomed sample whose neckline is at 4,5856 USD, December. The double bottom is one of the most billy patterns of graphs on the market.
PANSAKESAVAP price moved above 50-day and 200-day exponential moving average. It also forms a pattern of bakery chart, a popular sign for continuation.
Therefore, the path of the smallest resistance for the price of the coffin of the bullock coins, and the initial goal is to 3,4185 USD, the highest level this week. The pause above that level will point to more upside down, and the next point is to watch it is $ 4,5856, double necklets and Muroi Math Lines tools and ultimate resistance.
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2025-02-16 16:00:00
