PancakeSwap is up 14% today

The Live PancakeSwap price is $ 12.82 today on a 24-hour trading volume of $ 353 million. PancakeSwap is up 14% in the last 24 hours. If you are interested in its unique features and want to know where to buy PancakeSwap, this guide is for you.

What is PancakeSwap?

PancakeSwap is an automated market maker (AMM) - a decentralized financial (DeFi) application that enables users to exchange tokens, provide liquidity through farming, and earn fees in return. It was launched in September 2020 and is a decentralized exchange for exchanging BEP20 tokens on the Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a pool of liquidity. These pools are filled by users who add their funds to the pool in exchange for liquidity provider tokens (LP).

These tokens can later be used to reclaim their share of the pool as well as part of the trading fees. These LP tokens are called FLIP. PancakeSwap also allows users to farm additional tokens like CAKE and SYRUP. Users can store LP tokens on the farm and be rewarded with CAKE.

Should I Buy PancakeSwap Today?

PancakeSwap mostly provokes bullish predictions. Read the following section for more information and look up price predictions for yourself. Take all investment recommendations with caution.

PancakeSwap price forecast

According to Digital Coin Price prediction, CAKE could grow threefold in six years. It is expected to trade at around $ 63 by 2026. GOV Capital predicts that CAKE will trade at around $ 80 by the end of 2022 and just under $ 300 in 5 years.

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