PancakeSwap (CAKE) Live Price
Market capitalization of a coin is calculated by multiplying the current price in USD or EUR of a single unit of coin by the current circulating supply of that coin available for sale or purchase on public exchanges.
Ex: If the price of BTC is currently $20,000 and there are 50,000 BTC available on public exchanges, then the Market Cap of BTC is $1,000,000,000.
Volume of a coin is the total spot trading volume reported by all exchanges over the past 24 hours multiplied by the value of an individual unit of that coin.
Circulating supply is the approximate number of units of a coin that are currently circulating in the market in the hands of the general public.
Release date is when the first tokens of this cryptocurrency were created and made available for mining or whatever other creation mechanism was specified in this token’s blockchain protocol.
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CAKE price Statistics
PancakeSwap Price Today
Price Change
The percent change in price for this asset compared to 24 hours ago
Trading Volume
Popularity is based on the relative market cap of assets.
PancakeSwap Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
PancakeSwap Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Fully Diluted
Market Cap
PancakeSwap Price Yesterday
PancakeSwap Price History
The highest price paid for this asset since it was launched or listed.
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CAKE to USD converter
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Real-Time PancakeSwap Price Chart (CAKE to USD)
PancakeSwap Exchanges
Exchange | Price | Pair | Spread | 24 Volume | Last Traded |
|---|---|---|---|---|---|
 Binance | $2.61 | CAKE/USDT | $0.001 | $4,237,995 | Recently |
 HTX | $2.61 | CAKE/USDT | $0.007 | $185,477 | Recently |
 KuCoin | $2.61 | CAKE/USDT | $0.003 | $91,903 | Recently |
 Gate.io | $2.61 | CAKE/USDT | $0.002 | $68,521 | Recently |
PancakeSwap Historical Price Data (USD)
Date | ||||
|---|---|---|---|---|
5/18/2024 | $2.666039 | $0 | $2.699663 | $2.649181 |
5/17/2024 | $2.581678 | $2.666039 | $2.684461 | $2.579255 |
5/16/2024 | $2.608029 | $2.581678 | $2.623457 | $2.560209 |
5/15/2024 | $2.484771 | $2.608029 | $2.619455 | $2.471699 |
5/14/2024 | $2.594545 | $2.484771 | $2.594545 | $2.480169 |
5/13/2024 | $2.59299 | $2.594545 | $2.637552 | $2.522201 |
5/12/2024 | $2.602922 | $2.59299 | $2.621163 | $2.584821 |
Data provided by Coingecko API
CAKE Price Live Data
The live price of CAKE is $ 2.61 per (CAKE/USD) today with a current market cap of 684.05M USD. 24-hour trading volume is $ 29,322,158 USD. CAKE to USD price is updated in real-time. PancakeSwap is -2.45% in the last 24 hours. It has a circulating supply of $ 262,327,400 CAKE.
PancakeSwap Coin Price Chart determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, ETH and XRP to USD, EUR, GBP. Conversion rates are based on Live CAKE Price Index and the price indices of other digital assets.
This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice.
PancakeSwap Price Charts [2022]: All About the Automated Market Maker
Of all the projects in the cryptocurrency market, not many can boast of being a decentralized exchange, and an automated market maker. However, PancakSwap has all of these and remains one of the most important crypto projects there is, till today.
So, if you plan to buy PancakeSwap, this article is for you. The exciting part is that many cryptocurrency exchanges offer PancakeSwap. So, you can buy on Binance, BitCoke, and Bybit. You would get to know some others as we go into the article. So, let's get right into it.
What Is PancakeSwap?
PankcakeSwap is a one-of-a-kind cryptocurrency project that allows users to exchange tokens (usually BEP20 tokens) on its decentralized exchange. Beyond that, PancakeSwap enables its users to earn fees and provide liquidity through farming.
This procedure can be done through its Decentralized Finance (DeFi) Application. These reasons are why PancakeSwap is mostly referred to as an Automated Market Maker (AMM). For context, what an AMM does is that it enables cryptocurrency pools to allow trading without necessarily needing order books. It was initiated in the year 2020.
So, in PanacakeSwap's case, it allows BEP20 tokens built on the Binance Smart Chain (BSC). Hence, users trade or pick up the offer of depositing liquidity to provide tokens into BNB smart chain pools. In doing this, users receive a share of the pools and trading fees for the work done on the Pancakeswap platform.
A Brief History of PancakeSwap
It is not uncommon for founders of cryptocurrency projects to want to remain anonymous. So, it is the same case with PancakeSwap. Some unknown developers created PancakeSwap in September 2020.
The fact that it was built as a Binance Smart Chain decentralized exchange makes it unique because transactions are faster than Ethereum. In addition, the development meant transaction fees were cheap. In addition, and growth in Total Value Locked (TVL) and its trading volume.
What Makes PancakeSwap Unique?
Pancakeswap is unique because the automated market maker models use liquidity pools instead of order books. This is one model that only a few cryptocurrency projects have adopted.
In a liquidity pool, users can put in their token for farming (deposit and lock up token) liquidity pool token which then enables them to take their CAKE and gain rewards. It is as easy as that. There are also lotteries in which you can play to try your luck at winning some CAKE tokens.
How Does PancakeSwap Work?
Since CAKE uses an automated market maker model, makes the involvement of intermediaries is needless. This then makes every user a liquidity pool provider. In summary, Pancakeswap depends on the funds deposited into smart contracts via the automated market maker. These smart contracts are also referred to as Liquidity Pools (LP).
This process allows users to trade against the deposited funds without needing third-party sources. In this case, there is no need for Know-Your-Customer (KYC) validation for trade to occur. Users also have a say in policies and how any new development is implemented.
As for the liquidity providers, they receive rewards and share a part of the transaction fees. These rewards are referred to as Liquidity Pool tokens (LP tokens). Also, liquidity providers participate in yield farming and have the opportunity to take and earn rewards in CAKE tokens.
How Is the PancakeSwap Network Secured?
As with other cryptocurrencies, PancakeSwap can be stored safely and securely in wallets. However, the wallet has to be on the Binance Smart Chain. Popular wallets such as Trust wallet, Metamask, and the like are used for securely storing CAKE.
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FAQ
Actual price of PancakeSwap to US Dollar now is $ 2.61
PancakeSwap ticker is CAKE
You can buy PancakeSwap on any exchange or via p2p transfer. And the best way to trade PancakeSwap is through a 3commas bot.
You should not expect to get rich with PancakeSwap or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
You should not expect to get rich with PancakeSwap or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
PancakeSwap (CAKE) hit another all-time high over $ 43.96 in 30.04.2021.
PancakeSwap Market Cap is at a current level of 684.05M, down from 701.46M yesterday. This is a change of -2.55% from yesterday.
Latest 24-hour trading of PancakeSwap (CAKE) is $ 29,322,158.
The current circulating supply of PancakeSwap is $ 262,327,400 with the maximum amount of $ 450,000,000.
PancakeSwap current Market rank is #124. Popularity is currently based on relative market cap.
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