Key Notes

Key Notes:

PancakeSwap has been developing the necessary infrastructure to enable the mainstream adoption of digital assets in the past years.CAKE price has been forming a macro bullish sentiment after being trapped in a macro falling trend since April 2021.

The notable bullish rebound of Binance Coin (BNB) in the past few days has significantly influenced its affiliated tokens, led by Pancakeswap CAKE $2.53 24h volatility: 4.5% Market cap: $736.08 M Vol. 24h: $278.35 M and BakerySwap BAKE $0.21 24h volatility: 4.5% Market cap: $59.94 M Vol. 24h: $19.58 M . The crypto cash rotation from Bitcoin BTC $96 656 24h volatility: 1.2% Market cap: $1.92 T Vol. 24h: $18.59 B to the altcoin industry has escalated amid the highly anticipated altseason.

Furthermore, the BNB ecosystem is almost achieving the much-needed regulatory clarity in the United States under the Donald Trump administration. Recently, Binance filed a joint motion with the US SEC to pause the ongoing case for 60 days.

Since its inception, PancakeSwap has grown to a major automated market maker (AMM) on several chains led by BNB Chain, Ethereum, Aptos, and Polygon, among others. As of this writing, PancakeSwap had a total value locked of about $1.78 billion.

Remarkably, PancakeSwap outperformed other decentralized exchanges (DEXs) led by Uniswap and Raydium in net volume during the past few days. Specifically, PancakeSwap recorded a 24-hour average trading volume of about $3 billion, while Uniswap registered around $2.1 billion.

In the past seven days, PancakeSwap registered a net traded volume of about $20 billion, while Uniswap recorded around $16.9 billion. The rising adoption of BNB-based memecoins in the recent past has helped increase the overall trading volume on PancakeSwap.

Moreover, PancakeSwap has been developing its protocol to enable seamless liquidity and swap across different chains with maximum MEV protection. Meanwhile, PancakeSwap has attracted more liquidity providers due to its weekly revenue-sharing program, which distributed around $1.9 million worth of CAKE in 2024.

🐰 In 2024, we’ve distributed 770,527 CAKE (worth ~$1.9M) to $CAKE stakers via weekly revenue sharing!

👉 Stake your CAKE now and earn a share of v3 revenue every week: https://t.co/8Fhw9CFOVX

📚 Learn more about revenue sharing here: https://t.co/IMMIH9No5r pic.twitter.com/f37P3KDMSz

— PancakeSwap (@PancakeSwap) February 12, 2025

Since the beginning of 2025 until earlier this month, CAKE’s price has been trapped in a correction mode. The mid-cap altcoin, with a fully diluted valuation of about $972 million and a 24-hour average trading volume of about $632 million, has signaled bullish sentiment in the near term.

In the last seven days, CAKE’s price has surged over 100 percent, thus invalidating the previous bearish sentiment. The DEX-based altcoin rallied around 42 percent in the past 24 hours to trade about $2.72 on Wednesday, February 12, during the mid-New York session.

From a technical analysis standpoint, the CAKE price has been gaining bullish momentum after being trapped in a macro bearish mode since April 2021. Moreover, the weekly Relative Strength Index (RSI) has been forming a bullish divergence amid a potential inverted head and shoulders pattern.

TradingView

After rebounding severally from the support level around $1.55, CAKE’s price is well positioned to rally beyond $10 in the near future. However, a consistent close below $1.55 will trigger further bearish sentiment towards the support level above $1.1.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!

Steve Muchoki on LinkedIn

Marco T. Lanz on X