{"id":626317,"date":"2025-02-13T13:01:47","date_gmt":"2025-02-13T13:01:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626317"},"modified":"2025-02-13T13:01:47","modified_gmt":"2025-02-13T13:01:47","slug":"is-it-too-late-to-buy-cake-pancakeswap-price-is-top-gainer-on-coinmarketcap-after-38-pump-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-cake-pancakeswap-price-is-top-gainer-on-coinmarketcap-after-38-pump-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy CAKE? PancakeSwap Price Is Top Gainer On CoinMarketCap After 38% Pump, And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The PancakeSwap price surged 38% in the last 24 hours to trade at $2.85 as of 3:40 a.m. EST on trading volume that soared 348% to $1.13 billion.<\/p>\n

The CAKE price surge in the last day is only the latest uptick seen in the past week. Before it started rising, the token traded sideways just under the resistance at $1.45. Then, on Feb. 8, it managed to breach the resistance and climb to $2 by the next day.<\/p>\n

This level held it from progressing until yesterday, when it finally broke it and skyrocketed to $3, even reaching $3.17 before its price was rejected. Now at $2.85, the token could soon retest the resistance at $3 and possibly break it, like it did with $2.<\/p>\n

PancakeSwap Price Prediction<\/h2>\n

PancakeSwap’s Bollinger Bands have been following a pattern of gradual widening as the price<\/a> increased, only to then see a sharp narrowing once it reached a resistance. Then, as it overcame the obstacle, the bands would widen again.<\/p>\n

Right now, the bands are seeing a narrowing as the barrier at $3 continues to prevent it from moving further up. However, it is possible that the resistance will be breached, in which case the pattern is likely to continue.<\/p>\n

\"PancakeSwap<\/p>\n

CAKE\/USD 15-minute chart (Source: TradingView)<\/p>\n

A similar pattern was observed when it comes to the project’s Relative Strength Index (RSI), which spent the last 24 hours fluctuating between the value of 80, deep in the overbought zone, and the neutral value of 50.<\/p>\n

In fact, right now is the only time in the last 24 hours that the RSI dipped below 50. However, this could result in traders doubling down on CAKE and pumping its price back up, potentially breaching the resistance at $3.<\/p>\n

Promising Alternative To PancakeSwap<\/h2>\n

While PancakeSwap could see another price increase soon, many investors are looking for more promising alternatives — cryptos that could blow up much higher, such as Best Wallet (BEST)<\/a>.<\/p>\n

Best Wallet is a new crypto wallet that launched last year, offering some of the most advanced wallet features available. It is a multi-chain, multi-wallet, non-custodial tool that every crypto user should consider getting.<\/p>\n

Being multi-chain, Best Wallet supports multiple blockchains — over 60 of them — allowing its users to store thousands of different cryptocurrencies. And, as mentioned, it is also multi-wallet, allowing users to connect other wallets to the app to manage them all from one place. Finally, being non-custodial ensures that you and no one else can access your funds.<\/p>\n

\n

Crypto trading shouldn’t feel like rocket science. 🛠<\/p>\n

Best Wallet keeps it simple—swap, send, and trade in just a few taps. This is the edge you’ve been looking for. 🚀<\/p>\n

Download now 📲 https:\/\/t.co\/he5kzra7TY<\/a> pic.twitter.com\/q8cr6ZwcHh<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) February 12, 2025<\/a><\/p><\/blockquote>\n