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PancakeSwap Price Gains 8.7% to $24.05 – Where to Buy CAKE

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CAKE Price at $15.18 after 11.2% Rise in 24 Hours – Where to Buy CAKE
CAKE Price at $15.18 after 11.2% Rise in 24 Hours – Where to Buy CAKE

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The crypto market has grown rapidly in recent years. Besides crypto trading, developers have launched new ways that people can earn from this market. One of these ways is yield farming. PancakeSwap is one of the popular yield farming platforms that unlocks new ways for crypto users to earn from this market.

CAKE is trading at $24.05 at the time of writing after an 8.7% gain in 24 hours.

CAKE Price Analysis

CAKE Price Analysis Aug 21
Source: Tradingview

PancakeSwap is a leading gainer in the cryptocurrency market. Despite a slight retreat during intraday trading hours, the coin is still trading in the green zone, edging towards higher levels. Monthly, the coin has gained around 85%, which has led to a new monthly high for the coin.

If the uptrend continues, we could see the coin headed towards the higher resistance level of $26. Market support is currently high; hence we could see this level being achieved in the short term. Buying support is also strong, which means there is a high chance that CAKE will also go beyond higher levels of $28 and above.

If there is a retreat in the current values, we could see CAKE heading lower to $22. Going to $20 is also a critical level for the coin because it could trigger buying support from traders who want to take advantage of the dip.

PancakeSwap has announced the expansion of the BEL-BNB farm in the Syrup Pool. The increase commenced on August 20, where 175,000 were added to the Syrup Pool. The expansion is aimed at enhancing user-friendliness on the platform.

PancakeSwap is also continuously expanding its offerings by listing new tokens on the Decentralized exchange. Some of the coins that have been listed in recent weeks include Gennix and Burnace.

Where to Buy CAKE

If you want to buy CAKE, you can do so on the following platforms:

  • eToro

eToro is one of the leading cryptocurrency exchange platforms. It is a social copy trading platform, given that it allows new traders to copy the trading strategies of expert traders. eToro also charges low trading fees and commissions. It also supports a wide range of cryptocurrencies and trading pairs.

  • Binance

You can buy CAKE tokens from Binance. Binance is the largest cryptocurrency exchange platform. Binance supports over a hundred trading pairs and offers high liquidity, making trading on the platform easy and fast.

Looking to buy or trade Crypto now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provide.

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