The cryptocurrency CAKE, native to the popular PancakeSwap decentralized exchange, has seen a notable price spike lately. Analysts weigh in on what’s driving the pump and what to expect next after the over 50% surge.
流行的 PancakeSwap 去中心化交易所原生的加密货币 CAKE 最近价格显着飙升。分析师对推动股市上涨的因素以及上涨超过 50% 后的下一步预期进行了权衡。
Promising Breakout
有望突破
According to CryptoJones, the recent breakout in CAKE looks promising, with the price trajectory continuing upward. While there is still a ways to go to revisit old highs, CryptoJones believes the partnerships and developments coming from PancakeSwap bode well for further momentum.
根据 CryptoJones 的说法,CAKE 最近的突破看起来很有希望,价格轨迹继续上涨。尽管要重回历史高点还有很长的路要走,但 CryptoJones 相信 PancakeSwap 的合作伙伴关系和发展预示着进一步的势头。
In another tweet, CryptoJones points to CAKE’s deflationary tokenomics and PancakeSwap’s dominance as a leading DEX on Binance Smart Chain as key reasons to keep buying the token. The platform’s growth continues attracting users and activity.
在另一条推文中,CryptoJones 指出 CAKE 的通缩代币经济学和 PancakeSwap 作为币安智能链上领先的 DEX 的主导地位是继续购买该代币的关键原因。该平台的增长继续吸引用户和活动。
Retracement Before More Upside
在更多上涨之前回调
Analyzing the price chart, Binance Master sees potential for some retracement after the 50%+ spike, which could offer an opportunity before more upside. But the overall downtrend appears to have reversed, so pullbacks could be a chance to get in before CAKE pushes much higher past $2.
通过分析价格图表,Binance Master 认为在 50% 以上的飙升后可能会出现一些回调,这可能在进一步上涨之前提供机会。但整体下降趋势似乎已经逆转,因此在 CAKE 大幅突破 2 美元之前,回调可能是入场机会。
Read also:
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Conclusion
结论
CAKE’s strong fundamentals as the native token of PancakeSwap seems to be driving renewed interest in the previously beaten-down token. Analysts are now anticipating more upside after the initial 50% breakout, which could take CAKE to retest old highs. Traders may want to watch for retracements as potential entry points before the next leg up.
作为 PancakeSwap 的原生代币,CAKE 的强劲基本面似乎正在重新激发人们对这个之前遭受重创的代币的兴趣。分析师现在预计,在最初突破 50% 后,CAKE 可能会重新测试历史高点,并有更多上涨空间。交易者可能希望在下一轮上涨之前关注回调作为潜在的入场点。
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The post Why Is CAKE Pumping? This Is What to Expect After PancakeSwap’s 50% Spike appeared first on CaptainAltcoin.
这篇文章《为什么蛋糕这么受欢迎?》这是 PancakeSwap 的 50% 峰值首次出现在 CaptainAltcoin 后所期待的。