Today, the overall market is adjusting, but
$CAKE (PancakeSwap) has quietly emerged with an independent trend! The technical analysis shows a triple confirmation, and the on-chain data is healthy. A detailed analysis is as follows.
1. Macroeconomic Background: The ecological expansion of PancakeSwap
$CAKE , as the largest DEX on the BSC chain, has expanded to 9 chains (including BNB Chain, Ethereum, Arbitrum, etc.), with a TVL exceeding $2 billion. More critically, it has a deflationary mechanism: 0.0575% of CAKE is burned with each transaction, totaling 50 million burned so far, with a net burn rate of 8.19% by 2025. This 'burning money' model works well during bear markets.
The topics
#CAKE and
#PancakeSwap are quite popular on Twitter, with many users referring to it as 'the gateway for ordinary people to enter DeFi.'
$CAKE has a correlation of about 0.6 with BTC, and it often exhibits greater elasticity when BTC stabilizes.