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Con la pretesa di avere il maggior numero di utenti rispetto a qualsiasi piattaforma decentralizzata con oltre $ 4,3 miliardi di fondi, Pancake Swap, il 12 maggio, ha pubblicato una nuova proposta di governance. Ha avanzato l'idea di limitare la fornitura del suo token nativo, CAKE, a 750 milioni.

Timeline of Pancakeswap

Bitcoin moved past the $30k mark in recent hours after finding some support at $28.5k, and this move upward prompted many altcoins to rally. Decentraland saw a 45% rally in recent hours, and EOS flipped its bias toward bullish after a week of intense selling.

PancakeSwap, a decentralized financial (DeFi) app built on Binance Smart Chain that is known for its automated market maker service and distinctive branding, has published a governance plan for the second iteration of its tokenomics road map. Since its inception, the PancakeSwap team's snap decision has received over 11 million CAKE votes, with most participants.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The previous day's drama notwithstanding, PancakeSwap's token CAKE did have a bullish outlook in late March. The rejection at the $11 area left a sour taste in the mouths of long-term investors of CAKE.

XRP appeared to form a low timeframe range, while STEPN saw a strong bounce from an area of demand. However, the next day or two can be crucial for the crypto market as Bitcoin appeared to stand at a crucial juncture.

CAKE price continues to trade sideways for the past three-session following a dull start to a fresh trading week. The price hovers near the multi-week support area at around $7.50.

Since breaking out from a long-term descending resistance line, PancakeSwap (CAKE) has shown several bullish signs and is attempting to create a higher low. The post PancakeSwap (CAKE) Breaks Out From 309-Day Resistance Line appeared first on BeInCrypto.

The Pancake(CAKE) price resonates within $10 and $7.5 barriers for over a month now, creating a narrow range. However, the consolidation reflected a bearish set-up with double top pattern formation.