PancakeSwap(cake)market reviews and price predictions
PancakeSwap market statement for 2023-06-01
Yesterday the price of cake stood at $1.66. The market capitalization of the asset was $329 108 030. PancakeSwap’s volatility was established at 1.84%. The trading volume of the coin reached $40 357 162.
PancakeSwap prognosis for the next days:
We estimate the price of PancakeSwap to be $1.53 tomorrow 2023-06-04 and $1.68 on 2023-06-10;
We estimate the market capitalization of PancakeSwap to reach $320 086 087 tomorrow 2023-06-04 and $330 449 234 on 2023-06-06;
We estimate the volatility of PancakeSwap to become 2.04% tomorrow 2023-06-04 and 2.89% on 2023-06-06;
We estimate the trading volume of PancakeSwap to amount to $57 639 025 tomorrow 2023-06-04 and $57 323 247 on 2023-06-06.
Our recommendation for the pair CAKE/USD for tomorrow, 2023-06-04, to hold.
Buyers kept pushing the PancakeSwap market to the upside between May 26 and June 1 as the price increased by 6%.
Between May 26 - June 1, PancakeSwap has been mostly as its price has been in the rising mode. The situation on the CAKE market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Restrained price action on May 25 to May 31 as PancakeSwap moves up by only 5%.
PancakeSwap has been bearish last week as its price has been predominantly rising. The volatility associated with the CAKE market was medium, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of increased trading volume.
May 24 - May 30 price action recap: PancakeSwap sees a weak 5% gain as the buyers take a step back.
Between May 24 - May 30, PancakeSwap has been mostly bearish as its price has been in the rising mode. The volatility associated with the CAKE market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
May 15 - May 21 market wrap: PancakeSwap had a slight 3% drop.
The downward movement of the PancakeSwap price last week indicates the chosen market is bearish. The volatility associated with the CAKE market was low, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
May 11 - May 17 price action recap: PancakeSwap sees a weak 1% gain as the buyers take a step back.
The price of PancakeSwap was rising last from May 11 until May 17, giving enough reason to conclude that the market is bearish. The price swings of CAKE pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
May 9 - May 15 market wrap: PancakeSwap had a slight 1% drop.
The bearish behavior of PancakeSwap last week was characterized by the occurrence of downswings. The price swings of CAKE pointed to the presence of low volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
May 8 - May 14 market wrap: PancakeSwap had a slight 2% drop.
Between May 8 - May 14, PancakeSwap has been mostly bearish as its price has been in the falling mode. The volatility associated with the CAKE market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
A 13% drop on the PancakeSwap market last week (May 7 - May 13) signals that the sellers are gaining strength.
The bearish behavior of PancakeSwap last week was characterized by the occurrence of downswings. The volatility associated with the CAKE market was medium, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The bears had a field day between May 7 and May 13 as PancakeSwap got knocked down by 13%.
The price of PancakeSwap was falling last from May 7 until May 13, giving enough reason to conclude that the market is bearish. The volatility of CAKE has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
The capitulation of May 6 - May 12 : PancakeSwap experienced a 20% dive.
The price of PancakeSwap was falling last from May 6 until May 12, giving enough reason to conclude that the market is bearish. The volatility associated with the CAKE market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.