Token

PancakeSwap

April

Rise

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<ul> 
 <li>According to the latest data, PancakeSwap’s CAKE is currently trading at $3.78 with a 6.8% increase during the day and has seen a 46% increase in the last seven days.</li> 
 <li>The team mentioned that there is a “significant amount of token inflation” to launch its ecosystem following the launch of PancakeSwap in 2021.</li> 
 <li>Despite its rise, CAKE has a long way to go to reclaim its all-time high of nearly $44 in April 2021.</li> 
</ul> 
<p><strong>PancakeSwap’s CAKE saw a significant price increase after the voting started: Details of the PancakeSwap offer!</strong></p> 
<h2 id="strong-pancakeswap-initiates-cake-token-proposal-strong"><strong>PancakeSwap Initiates CAKE Token Proposal</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-133159" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="PancakeSwap-CAKE" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/PancakeSwap-CAKE-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>According to the latest data, PancakeSwap’s CAKE is currently trading at $3.78 with a 6.8% increase during the day and has seen a 46% increase in the last seven days. The proposal to reduce CAKE’s maximum supply by 300 million has gained broad support in the community, with over 90% of votes in favor so far.</p> 
<p>The voting proposal started on Thursday morning and will continue until December 29. According to the proposal, the team consisting of developers, called “chefs,” in the so-called “Kitchen” of the DEX will provide the community with “certainty” regarding the future token supply of CAKE. The team mentioned that there is a “significant amount of token inflation” to launch its ecosystem following the launch of PancakeSwap in 2021.</p> 
<p>“After about 3 years of development, we now have more accurate predictions of the incentives needed to achieve our growth goals,” they said, noting that this move would mean a departure from the “hyperinflationary tokenomics model.”</p> 
<h2 id="strong-cake-is-still-far-from-its-ath-level-strong"><strong>CAKE is still far from its ATH level</strong></h2> 
<p>Despite its rise, CAKE has a long way to go to reclaim its all-time high of nearly $44 in April 2021. This move completes a busy few months for PancakeSwap; in August 2023, as part of its ongoing multi-chain expansion, PancakeSwap expanded to Linea, a layer-2 scaling solution on Ethereum, incubated by Coinbase. Last month, the DEX launched its own crypto gaming market, introducing the tower defense game Pancake Protectors and the city-building simulation Pancake Mayors.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/pancakeswaps-vote-for-cake-token-accelerates-the-rise-in-cake-price/">PancakeSwap’s Vote for CAKE Token Accelerates the Rise in CAKE Price!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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PancakeSwap’s Vote for CAKE Token Accelerates the Rise in CAKE Price!

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