PancakeSwap (CAKE) Market Capitalization Tops $720.89 Million

PancakeSwap (CAKE) traded up 0.8% against the US dollar during the 1-day period ending at 13:00 PM E.T. on March 19th. One PancakeSwap token can now be purchased for approximately $3.88 or 0.00013861 BTC on popular exchanges. PancakeSwap has a total market capitalization of $720.89 million and $38.91 million worth of PancakeSwap was traded on exchanges in the last day. During the last week, PancakeSwap has traded 10.3% higher against the US dollar.

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

• KILT Protocol (KILT) traded down 7% against the dollar and now trades at $0.40 or 0.00001441 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 1.8% against the dollar and now trades at $0.0691 or 0.00000247 BTC.
• CareCoin (CARES) traded up 1.8% against the dollar and now trades at $0.0857 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 9.1% against the dollar and now trades at $0.0012 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 1.8% against the dollar and now trades at $102.50 or 0.00366055 BTC.
• FEG Token (FEG) traded up 1.8% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 0.9% higher against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.8% higher against the dollar and now trades at $7,449.98 or 0.26606182 BTC.
• Lego Coin (LEGO) traded down 7.9% against the dollar and now trades at $0.0165 or 0.00000059 BTC.

PancakeSwap Profile

PancakeSwap launched on September 29th, 2020. PancakeSwap’s total supply is 377,875,441 tokens and its circulating supply is 185,624,472 tokens. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. The official website for PancakeSwap is pancakeswap.finance. The official message board for PancakeSwap is medium.com/pancakeswap. 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 an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is designed to be fast, cheap, allowing anyone to participate.

PancakeSwap runs on Binance Smart Chain, a blockchain with lower transaction costs than Ethereum or Bitcoin. Unlike centralized exchanges, PancakeSwap doesn’t hold funds when users trade, giving them 100% ownership of their own crypto.

Built on open-source software, the website and all Smart Contracts are publicly visible for maximum transparency. Contracts are verified on BscScan so users know that what they see is what they get.”

Buying and Selling PancakeSwap

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

CAKE/USD price chart by TradingView