In a dramatic rally, PancakeSwap’s native token CAKE has exploded, with CAKE price firing up +92% in a 48-hour blast above the 200DMA.
This comes as trading volumes on PancakeSwap leap +43.8% in the past 24-hours, as interest in Binance Smart Chain coins continues to grow – driving bullish price action for CAKE tokens.
TOP RANKING 5 DEXS ON LINEA BY VOLUME (24H CHANGE)
Starting a new trading week, the volume on various #DEX on @LineaBuild holds quite well.
Here is a list of the top 5 DEXs under the 24H #volume change;
1. First on the charts is the multichain DEX @PancakeSwap with $2.78M… pic.twitter.com/7F742NrjOp
— Linea Analytics (@Linea_Analytics) November 6, 2023
The trading volume surge has seen PancakeSwap rocket up to the No.1 spot amongst Linea-backed multi-chain DEXs, and this is matched by an impressive 5th place ranking amongst all DEXs by market cap as PancakeSwap claims a 4.5% overall market share.
CAKE Price Analysis: Is it Too Late to Buy PancakeSwap After +92% CAKE Price Pump?
As the dust settles from the CAKE’s sudden price pump, PancakeSwap is currently trading at a a market price of $2.42 (representing a 24-hour change of +2.19%).
This comes after CAKE price broke above the descendant 200DMA on November 2 after a disappointing performance in ‘Uptober’.
The move above the 200DMA marked a critical shift in Pancake’s technical structure, as this moving average level had been untouched since April 6.
With the 200DMA now sat far below current price action at $1.55, CAKE price is currently in a minor localised retracement move after the skyrocket rally was halted at $2.5.
Meanwhile the 20DMA is sat far below ongoing CAKE price action down at $1.37, providing a secondary layer of lower support.
Yet, the RSI is ringing the alarm with an extreme bearish signal at 91.36 – suggesting CAKE price is completely overbought at current levels.
This contrasts the MACD which remains bullish at 0.126, reflecting the impressive rally momentum over the past 48-hours.
Overall, CAKE price looks extremely strong here – in strong breakout structure testing upside resistance at $2.50, with multiple lower support levels to draw upon in the event of a retracement.
This leaves CAKE price with an upside target at $2.82 (a possible +15.57%).
While downside risk could leave CAKE price tumbling down to $1.84 (a potential -24.55%).
PancakeSwap therefore carries a risk: reward ratio of 0.63 – a late entry likely to suffer retracement due to the overheated RSI.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.7M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,743,780 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms CAKE Price Pump
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 316%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 316% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Is It Too Late to Buy PancakeSwap? CAKE Price Boosts 92% with Buzz Growing Around a New Crypto Casino Project appeared first on Cryptonews.
#IndustryTalk #BinanceSmartChain #BSC #CAKE #Cakeprice #Pancake #pancakeswap [Source: CryptoNews]