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evo

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Apr 2017
Pancake Swap - $CAKE
Technical Analysis and Price Predictions


Pancake Swap is the largest DEX on the Binance Smart Chain, and has been doing more volume than Uniswap lately. The second biggest DeFi project on the Binance blockchain is Venus, which has a lower market cap, and compliments Pancake Swap as covering your investments in DeFi for the Binance ecosystem.

Pancake Swap has been growing rapidly. It's a widely held belief they will reach the same market cap as Uniswap, which is 3x-4x in future growth. And there are some strong rumors that Pancake Swap will be adding support for all ERC20 token contracts, effectively removing any need for Uniswap and the high gas fees on the Ethereum network. I hope that rumor is true, but I want to be clear that this is only speculation.

Pancake Swap is in a good buy zone, anything under $40.25. And in less than two hours, a decision will be made to break through key resistance or key support trends:

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