{"id":467726,"date":"2023-12-23T04:54:28","date_gmt":"2023-12-23T04:54:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=467726"},"modified":"2023-12-23T04:54:28","modified_gmt":"2023-12-23T04:54:28","slug":"7-best-altcoins-to-invest-in-right-now-december-22-pancakeswap-optimism-eos","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/7-best-altcoins-to-invest-in-right-now-december-22-pancakeswap-optimism-eos","title":{"rendered":"7 Best Altcoins to Invest in Right Now December 22 – PancakeSwap, Optimism, EOS"},"content":{"rendered":"

The allure of alternative digital currencies beyond Bitcoin is undeniable, with their unique propositions and potential for exponential growth. These coins offer investors several alternative opportunities to profit from the crypto market. <\/span><\/p>\n

However, identifying promising altcoins for investment can be tasking for investors. As such, Insidebitcoins curates a list of the best altcoins, presenting investors with opportunities for their investment portfolio.<\/span><\/p>\n

7 Best Altcoins to Invest in Right Now<\/b><\/h2>\n

In the past week, Solana surpassed Ethereum in <\/span>decentralized exchange<\/span><\/a> (DEX) trading volume. According to DefiLlama data, SOL registered $10.1 billion. This surge in Solana’s DEX activity can be attributed to its comparative advantage in lower gas fees than Ethereum, attracting increased attention toward meme coin trading. <\/span><\/p>\n

1. PancakeSwap (CAKE)<\/b><\/h3>\n

PancakeSwap recently proposed a substantial reduction in its native token supply. CAKE’s proposed reduction will take the token supply from 750 million to 450 million. This move aims to exert tighter control over market dynamics and align with the platform’s growth objectives. Similarly, the proposal reflects PancakeSwap’s shift from its previous hyperinflationary model towards a more sustainable tokenomics approach.<\/span><\/p>\n

\"CAKE<\/p>\n

Furthermore, the platform has opened the proposal for feedback before the voting phase. This move highlights PancakeSwap’s commitment to inclusive decision-making and transparent governance, emphasizing community involvement. <\/span><\/p>\n

Notably, recent enhancements in CAKE Tokenomics v2.5 coincided with the introduction of the veCAKE Gauges System. These projects have laid the groundwork for CAKE’s new transition, setting the stage for a more robust ecosystem.<\/span><\/p>\n

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🐰 PancakeSwap Family! <\/p>\n

🥞 We are proposing to reduce the max token supply of $CAKE<\/a> from 750M to 450M.<\/p>\n

💥 After a year of hard work and deflation, we are razor-focused on ultrasound CAKE.<\/p>\n

🌟 By reducing our token supply by 300,000,000 $CAKE<\/a>, we signal PancakeSwap’s successful… pic.twitter.com\/PIk3SBEhiJ<\/a><\/p>\n

— PancakeSwap v4🥞 (@PancakeSwap) December 21, 2023<\/a><\/p><\/blockquote>\n