CAKE token of Binance Smart Chain's Pancake Swap AMM

Hello lions!😀 Hope you are having an awesome time this holiday season.

I want to discuss about a crypto yield farming in Binance Smart Chain(BSC). This is Pancake Swap. I know, another food yield farm. Haha. BUT, as of now they are the number 1 AMM in BSC and currently has a total locked volume of 120 million dollars.

I was lucky enough to join a few weeks after their launch and so far I already recouped my initial capital. The dev team also is very transparent and active on their social media channels and Telegram group.

One thing that I like about Pancake Swap also is their partnerships with a lot of the projects in the BSC ecosystem including their partnership with Binance itself.

Here are the current developments also of the platform.

In terms of price, the chart is also really looking good and bottoming out. I also like this consolidation that is happening right now 0.4 usd to 0.57 usd. This is quite a healthy consolidation and would be nice if the buyers would be able to break out of the resistance of 0.57 usd.

Over all, I am very positive on the project and team itself. And there are more developments that are coming also so that's an awesome thing to know too.

As always, do your own research first before putting your money into anything. And ofcourse! Merry Christmas to all of you lions! Have an awesome time!😀

If you want some chart requests or want me to analyze some crypto or asset, just comment below and I will post it next. Thanks!😃

Till next time guys and gals, Cheers!! 😃

Disclaimer: This is not a financial advice and for educational purpose only.

Posted Using LeoFinance ^Beta