- CAKE turns into essentially the most traded token among the many high 100 BSC whales.
- CAKE’s value pump would possibly proceed additional because the metrics and indicators are constructive.
PancakeSwap [CAKE] revealed new data for bCAKE farmers on 13 January. With this new replace, farmers can now activate boosters on two farms with an adjusted increase multiplier. To benefit from the brand new increase, farmers might want to unset the present booster and reapply it.
🥳🥞 Thrilling information for our bCAKE farmers!
🚀 Now you can activate boosters on 2 farms with an adjusted increase multiplier. Use our ROI calculator to preview your new increase ratio. pic.twitter.com/AUoFfeOqMu
— PancakeSwap 🥞 #Multichain (@PancakeSwap) January 13, 2023
Learn PancakeSwap’s [CAKE] Worth Prediction 2023-24
Not solely that, however CAKE additionally remained standard among the many whales. As per a WhaleStats tweet on 13 January, CAKE not too long ago flipped BTCB to develop into essentially the most traded token among the many high 100 BSC whales.
Examine the highest 100 whales right here: https://t.co/0SYnjw0xQs
— WhaleStats – the highest 1000 BSC richlist (@WhaleStatsBSC) January 13, 2023
CAKE’s value motion has been optimistic of late, as its value went up by 10% within the final 24 hours. CoinMarketCap’s information revealed that CAKE registered over 17% weekly positive factors, and at press time, it was valued at $3.87 with a market capitalization of greater than $651 million.
Moreover, CAKE made it to the listing of high BNB Chain tasks with the very best bullish sentiments, as per a tweet on 12 January.
🎉 TOP #BNBCHAIN PROJECTS WITH HIGHEST BULLISH SENTIMENT🚀
🥇 $QUACK @RichQuacK
🥈 $CAKE @PancakeSwap
🥉 $BABYDOGE @BabyDogeCoin$FLOKI @RealFlokiInu$SFM @safemoon$YOOSHI @yooshi_official$VINU @VitaInuCoin$SFUND @SeedifyFund$LEON @swapleonicorn$CATE @catecoin#BNB #BSC 🔥 pic.twitter.com/9fvnBG6tfs
— BSCDaily (@bsc_daily) January 12, 2023
What do the PancakeSwap metrics counsel?
CAKE’s on-chain metrics offered a greater understanding of which manner the token was headed within the coming days. The token’s value rallied alongside its quantity, which legitimized the value hike.
CAKE’s social quantity additionally spiked a number of instances over the past week. The day by day on-chain transaction quantity in revenue went up, which was a constructive sign. Nonetheless, the rate decreased in the previous few days, which could be troublesome.
How a lot are 1,10,100 CAKEs value immediately?
The bulls are main the market!
As per the market indicators, the bulls have been main the market. For example, the Chaikin Cash Circulate (CMF) and the On Steadiness Quantity (OBV) have been each comparatively up. The MACD additionally revealed a bullish higher hand out there.
CAKE’s value was getting into a excessive volatility zone as indicated by the Bollinger Band, additional growing the possibilities of a northbound motion. The one regarding indicator was the Cash Circulate Index (MFI), which had entered the overbought zone.