PancakeSwap Reaches 1-Day Trading Volume of $107.20 Million (CAKE)

PancakeSwap (CAKE) traded down 1.4% against the dollar during the twenty-four hour period ending at 0:00 AM E.T. on February 8th. Over the last seven days, PancakeSwap has traded up 6.1% against the dollar. One PancakeSwap token can now be bought for about $4.51 or 0.00019985 BTC on major cryptocurrency exchanges. PancakeSwap has a market capitalization of $745.67 million and $107.20 million worth of PancakeSwap was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 6.8% lower against the dollar and now trades at $0.57 or 0.00002520 BTC.
• Aidi Finance (BSC) (AIDI) traded down 6.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.2% against the dollar and now trades at $0.0626 or 0.00000273 BTC.
• CareCoin (CARES) traded 1.2% lower against the dollar and now trades at $0.0777 or 0.00000339 BTC.
• OmniaVerse (OMNIA) traded 0.4% lower against the dollar and now trades at $0.0017 or 0.00000007 BTC.
• Kitty Inu (KITTY) traded 1.2% lower against the dollar and now trades at $101.88 or 0.00444218 BTC.
• Lunar (LNR) traded down 1.6% against the dollar and now trades at $0.0248 or 0.00000108 BTC.
• Hokkaidu Inu (HOKK) traded 13.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.2% against the dollar and now trades at $6,749.04 or 0.29425829 BTC.
• 2G Carbon Coin (2GCC) traded up 9.7% against the dollar and now trades at $98.70 or 0.00430333 BTC.

PancakeSwap Token Profile

PancakeSwap’s launch date was September 29th, 2020. PancakeSwap’s total supply is 365,184,956 tokens and its circulating supply is 165,251,511 tokens. The official website for PancakeSwap is pancakeswap.finance. The Reddit community for PancakeSwap is https://reddit.com/r/pancakeswap/ and the currency’s Github account can be viewed here. PancakeSwap’s official Twitter account is @pancakeswap and its Facebook page is accessible here. The official message board for PancakeSwap is medium.com/pancakeswap.

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 currently possible to buy alternative cryptocurrencies such as PancakeSwap directly using U.S. dollars. Investors seeking to acquire PancakeSwap should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy PancakeSwap using one of the aforementioned exchanges.