What is PancakeSwap (CAKE)?

*PancakeSwap is a decentralized exchange for BEP20 tokens, it is built on BNB chain its coin name is Cake.

*It allow users to trade without using a centralized exchange.

*It focuses on BEP20 tokens a specific tokens standard developed by binance.

*PancakeSwap gives opportunity like offers a yield farm to earn rewards, staking and you can earn by participating lotteries.

*Pancakeswap gets popular in 2021 and made its all time high of 44.18$ on April 2021.

Founders of PancakeSwap

*PancakeSwap was founded by a group of developer's in September 2020.

*The team and developers of PancakeSwap are known as 'chefs'.

*Current head chef of PancakeSwap is know as chef Snowball.

Circulation of Pancakeswap

*PancakeSwap has a maximum supply of 450,000,000 Cake coins, As of now 234,516,162 coins are circulating in market.

*PancakeSwap (Cake) ranks #107 among other cryptocurrencies with market cap of $663,862,046 USD in Febuary 2024.

Where you can buy PancakeSwap (Cake)

*If any one wants to invest in PancakeSwap (Cake) coin they can invest in exchanges like-Binance, bybit, UEEx, Digifex and CoinTR Pro.

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Technical and Future analysis of PancakeSwap (Cake)

*As i have shown below in my chart that Cakeusdt made a bottomed in October 2023, it just went up by liquidity swap and created a order block at level of 1.19$.

*The order block created at level of 1.19$ and it going to filled in next 2-3 months before it will go up there is a high chance to fill that order block.

*So if anybody want to invest in Cakeusdt can just buy at its order block level shown in chart below and just 50x there invest in 2025.