PancakeSwap (CAKE) Hits 24 Hour Volume of $336.26 Million

PancakeSwap (CAKE) traded 18.8% lower against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on December 20th. PancakeSwap has a total market capitalization of $649.57 million and approximately $336.26 million worth of PancakeSwap was traded on exchanges in the last 24 hours. One PancakeSwap token can now be purchased for approximately $2.24 or 0.00002370 BTC on exchanges. In the last seven days, PancakeSwap has traded down 35.4% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.3% lower against the dollar and now trades at $94,117.94 or 0.99400008 BTC.
• SolvBTC (SOLVBTC) traded down 8% against the dollar and now trades at $93,670.93 or 0.98927914 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

PancakeSwap Token Profile

PancakeSwap was first traded on September 29th, 2020. PancakeSwap’s total supply is 380,879,626 tokens and its circulating supply is 289,492,443 tokens. PancakeSwap’s official message board is blog.pancakeswap.finance. PancakeSwap’s official website 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.

According to CryptoCompare, “PancakeSwap is a decentralized exchange that allows for trustless trading of cryptocurrencies and tokenized assets on the Binance Smart Chain. It was created by a team of anonymous developers and is maintained by a decentralized community. PancakeSwap can be used with an Ethereum-compatible wallet and is known for its low fees and fast transaction speeds. To use PancakeSwap, one must connect their wallet, add Binance Coin or another supported cryptocurrency, purchase CAKE, PancakeSwap’s native token, and then use CAKE to trade.”

PancakeSwap Token Trading

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

CAKE/USD price chart by TradingView