• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Wednesday, May 21, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

CAKE Coin Weekly Analysis And Price Prediction

Initial target $5.73 as CAKE coin stays above support- support and resistance points.

Emma Veress by Emma Veress
April 6, 2023
in Crypto
Reading Time: 3 mins read
A A
0
What are the projects of CAKE?
0
SHARES
3
VIEWS
FacebookTweetPinShareShare
https://youtu.be/yjaE0WbcLQ4

This article will analyze the CAKE coin according to coinmarketcap data. First, we will discuss the CAKE coin and its projects and make a technical and graphic analysis. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is CAKE Coin?

blockdag 70m

CAKE is the native cryptocurrency of the PancakeSwap decentralized exchange (DEX), which operates on the Binance Smart Chain (BSC) network. PancakeSwap allows users to trade cryptocurrencies in a decentralized manner without needing a centralized exchange. CAKE coin is the governance token for PancakeSwap, allowing users to participate in decision-making processes such as protocol upgrades, fee adjustments, and other governance decisions.

What are the projects of CAKE?

Some projects associated with the CAKE coin include liquidity mining, yield farming, and staking. Liquidity mining involves users providing liquidity to PancakeSwap in exchange for CAKE rewards. Yield farming involves users earning additional CAKE coins by staking their liquidity pool tokens on the PancakeSwap platform. Staking CAKE involves locking up CAKE tokens to earn rewards and participate in governance decisions.

CAKE Coin Weekly Analysis And Price Prediction

Factors Influencing CAKE Price

Several factors, such as market sentiment, overall demand and adoption of PancakeSwap, the performance of the Binance Smart Chain network, and the supply and demand dynamics of the CAKE token itself, influence the price of the CAKE coin. Additionally, any changes or updates to the PancakeSwap platform, such as the introduction of new features or partnerships, can also affect the price of CAKE. It is important to note that the cryptocurrency market is highly volatile, and CAKE’s price can fluctuate rapidly due to these factors and others.

CAKE COIN TECHNICAL ANALYSIS

CAKE coin fell to $2,486 after hitting its historic high of $44,278 in May 2021. Currently trading at a discount of 91% from its historic high, CAKE is trading at $3,740 in the market. According to coinmarketcap data, CAKE, which has a size of $683,630,302, has had a volume of $52,405,149in the last twenty-four hours.

CAKE Analysis

CAKE Chart Analysis

2021 sees May, $44,278 has fallen from the past, and CAKE, which has lost 94% of its value, seems to have broken the falling trend at the beginning of 2023. When we examine the chart, it will aim at the upper resistance level of $5.73 as long as it stays above the $3.01 support. 3.01 dollar support limitation down filtering will increase the selling pressure on CAKE, and it should not be ignored that we may experience pullbacks towards 2.50 pull.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

You may be interested in:
  • How to Make Sense of Stock Market Points: Understanding the Basics of Stock Market Indexes
  • Andy Warhol is Works Are Now Available as NFT
  • Balancer Price Prediction
Previous Post

Non-Correlated Assets: Protecting Your Portfolio from Market Volatility

Next Post

MINA Coin Weekly Analysis And Price Prediction

Emma Veress

Emma Veress

Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis.As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

Next Post
Factors Influencing MINA Price

MINA Coin Weekly Analysis And Price Prediction

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.