The live PancakeSwap price today is $12.82 with a 24-hour trading volume of $353 million. PancakeSwap is up 14% in the last 24 hours. If you’re interested in unique features and want to know where to buy PancakeSwap, this guide is for you.
Top places to buy PancakeSwap now
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.
What is PancakeSwap?
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
Should I buy PancakeSwap today?
PancakeSwap provokes mostly bullish predictions. Read the following section for more information and look up price predictions on your own. Take all investment advice with a grain of salt.
PancakeSwap price prediction
According to Digital Coin Price’s prediction, CAKE might grow threefold in six years. By 2026, it should be trading for around $63. GOV Capital forecasts that CAKE will trade around $80 by the end of 2022 and for just under $300 in 5 years.
PancakeSwap on social media
— Lubna (@Lubna01966) December 15, 2021