The cryptocurrency market is advancing this trading week, Bitcoin has stabilized above $60000, Ethereum is trading very close to $4000 resistance, and this situation also supports the price of PancakeSwap CAKE/USD. In less than several days, the price of this cryptocurrency has advanced from $16.8 above $24, and the current price stands at $20.
Decentralized platform
PancakeSwap is a decentralized platform that runs on Binance Smart Chain and allows you to trade any token by connecting your wallet. PancakeSwap doesn’t hold your funds when you trade and has lower transaction costs than other top decentralized exchanges.
You have 100% ownership of your own crypto if you trade on PancakeSwap, which is not the case with centralized exchanges like Binance or Coinbase. It is important to say that almost 3 million users have made more than forty million trades in the last thirty days on this decentralized platform.
CAKE is a token that powers the PancakeSwap ecosystem, and CAKE holders are able to earn millions of USD worth of free tokens each week from major projects. You can pledge your CAKE to offer liquidity for crypto trading while PancakeSwap allows you to trade directly from your wallet app.
Besides this, you can use CAKE to vote on proposals, mint NFTs, and join as many as 11,000 daily players to buy tickets in the PancakeSwap Lottery. PancakeSwap is continuously working on new features and options, which are very important for expanding its ecosystem. The team of PancakeSwap reported:
We rolled out our new, mobile-first navigation system for the site. Now it’s way easier to get around the site and find what you need…, especially for mobile users.
PancakeSwap is a project with big potential; the popularity
