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PancakeSwap Burns 8.88M Tokens Worth Over $18M: Is PancakeSwap (CAKE) A Good Investment Now?
PancakeSwap, a prominent decentralized exchange (DEX) on the Binance Smart Chain (BSC), has so far incinerated over 78% of the total CAKE token supply to date, effectively bolstering the value of the remaining coins in circulation.
BTCC, one of the longest-running crypto exchanges in the world, supports trading for 300+ virtual currencies with leverage ranging from 1Χ to 225Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.
\Trade On BTCC With 10 FREE USDT!/
\Trade On BTCC With 10 FREE USDT!/
PancakeSwap’s Token Burning Frenzy
The notable token burns on the Binance network will play a crucial role in regaining and maintaining the fourth position as the most valuable digital assets. According to the latest market data, BNB had been outstripped by Solana (SOL) from the fourth position.
CAKE USDT-margined perpetual futures contract with a leverage of up to 50x is available on BTCC, Click the button below to buy CAKE⇓
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Growing Ecosystem
CAKE USDT-margined perpetual futures contract with a leverage of up to 50x is available on BTCC, Click the button below to buy CAKE⇓
CAKE Price Rebound
From a technical standpoint, CAKE price has been retesting the macro bullish breakout in the last few months. Having established a multi-year logarithmic support on the weekly chart, CAKE price is on the cusp of a major bullish uproar towards double digits in the near term.
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Where & How to Buy PancakeSwap (CAKE)?
If you are interested in buying PancakeSwap (CAKE), we are excited to announce that CAKE USDT-margined perpetual futures contract with a leverage of up to 50x is now available on BTCC, you can trade CAKE coin on BTCC .
The following sets forth the guidance for CAKE USDT-margined perpetual futures contract on cryptocurrency exchange BTCC:
Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.
Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.
Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find CAKE coin trading pair.
You can also directly click the button below to enter the CAKE order page⇓
Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and the CAKE coin futures contract order is completed.
\Trade On BTCC With 10 FREE USDT!/
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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