PancakeSwap's new farm auction updates might bring relief to investors

There have been some major changes regarding CAKE's farm auction  Growth noticed in CAKE's NFT space MVRV Ratio and positive sentiments increased PancakeSwap CAKE recently announced its newly adjusted farm auctions, which will take effect from 30 November during CAKE's 34th farm auction.

Timeline of Pancakeswap

As of 22 November, 6,928,951 CAKE tokens were burnt PancakeSwap's RSI and stochastic were in oversold positions PancakeSwap [CAKE] investors could have a reason to celebrate. According to CryptoQuant, CAKE's Relative Strength Index (RSI) and stochastic were both at oversold positions, which was a major bullish signal.

Along with choppy market sentient, the pancakeswap token remained sideways for the past two weeks. However, this consolidation shows price sustainability above $3.7 support, offering a recovery opportunity to the coin holders.

Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX's demise. According to analysts, recent events are promoting a narrative that is strongly associated with decentralization.

The well-known cryptocurrency exchange FTX crashing caused a sudden bloodbath on satoshi street. As a result, the Bitcoin and Ethereum price are down 10-15%, and the major altcoin is painted in heavy red.

In a “white hack” attack, Pgala (pegged gala) tokens worth $4.3 million were taken ethically by the creators of pNetwork, an independent cross-chain bridge technology used to transfer assets across various chains. On-chain analysis by security company BlockSec detected a "misconfiguration" in the token's smart contract today, which led to the discovery of the attack.

The developers of a pNetwork carried out a 'white hat' attack and drained $4.3 million in pegged gala tokens from PancakeSwap exchange. The post Developers of pNetwork bridge drain $4.3 million from PancakeSwap in ‘white hat' attack appeared first on The Block.

The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two most valued cryptocurrencies in the world, traded lower on Tuesday ahead of the US Federal Reserve meeting. Dogecoin (CRYPTO: DOGE), meanwhile, recorded sharp gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal, according to a filing made with the U.S.

PancakeSwap CAKE price is at crucial crossroads despite closing at a higher note for the last 5 days. The post PancakeSwap CAKE Price Needs This Catalyst to Surge Above $5 appeared first on BeInCrypto.

The PancakeSwap team stated on 10 October that they had submitted a proposal for the deployment of the Decentralized Exchange (DEX) on the recently created Aptos blockchain. On 21 October, voting officially started.