The live PancakeSwap price today is $12.82 with a 24-hour trading volume of $353 million. PancakeSwap has increased by 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.
The Best Places to Buy PancakeSwap Now
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges on the market.
Buy CAKE now at Binance
What is PancakeSwap?
PancakeSwap is an automated market maker –AMM) – a decentralized finance application (DeFi) that allows users to exchange tokens, provide liquidity through agriculture 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 liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider tokens (LP) in return.
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 such as CAKE and SYRUP. On the farm, users can deposit LP tokens and be rewarded with CAKE.
Should I buy PancakeSwap today?
PancakeSwap usually provokes bullish predictions. Read the following section for more information and look up price predictions yourself. Take all investment recommendations with caution.
According to the prediction of Digital Coin Price, CAKE could grow three times in six years. It is expected to trade at around $63 by 2026. GOV Capital predicts that by the end of 2022, CAKE will be trading at around $ 80, and in 5 years it will be trading for just under $ 300.
PancakeSwap on social media
– Lubna (@Lubna01966) December 15, 2021