CAKE is about to be baked, traders might benefit from PancakeSwap if…

ambcrypto.com:

PancakeSwap has grabbed the attention of traders recently. This, after it registered a promising performance in the last few days. Despite the current bearish market condition, CAKE managed to outperform its competitors to remain in the green territory. 

At the time of writing on 25 September, CAKE’s value had increased by over 4% in the last seven days and was trading at $4.57 with a market capitalization of $652,034,047. Though there can be several reasons for this surge, multiple positive developments in the community might have fueled this episode. 

While CAKE’s price grew, several interesting developments happened in the community, which helped CAKE gain attention.

For instance, CAKE ranked just behind the top performer XRP in the list of the top 10 coins by 1-week AltRank. This ranking is a massive bull signal as it suggests that the coin’s price has a higher possibility of going up in the coming days.