PancakeSwap, the most popular Decentralized Exchange (DEX) for the Binance Smart Chain, recently grabbed the attention of many due to several developments happening in its community. The DEX has often been accused of snatching the market share of its competitors, including Uniswap and SushiSwap.
Here is AMBCrypto’sPrice Prediction for PancakeSwap (CAKE) for 2023-24
In fact, CoinGecko’s data revealed that PancakeSwap is one of the top 5 DEXs in the world in terms of 24-hour trading volume. This, again, seemed to prove the popularity of the platform. Interestingly, not just PancakeSwap, but its native token CAKE also recently came into the limelight as it outperformed several other cryptos on a few fronts.
Recently, an announcement was made regarding the launch of EthereumSwap on PancakeSwap, a development that added much value to the DEX. With this new update, users can now not only swap BNB for stablecoins or CAKE and others, but also ETH for three stablecoins initially – ETH/USDC, ETH/USDT, and WBTC/ETH.
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