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PancakeSwap Price

The PancakeSwap price began to return the gains accumulated since January 1, when it hit a low of $3.15. CAKE is down just over 3% in 24 hours to trade at $3.72 at the time of writing. With this price analysis, investors will determine whether to buy the dip or wait for PancakeSwap price to exhaust the pullback.

Assessing the long-term profitability of the PancakeSwap price with these updates

PancakeSwap launched a 120-day ESPL syrup pool for its community on Monday. This development follows collaboration with “strategic partners and investors including Genting Ventures, Warner Music, Infinity Ventures Crypto and Arcanum Capital.”

According to an announcement from the team made via Twitter, the ESPL Arena is a global esports tournament platform, with 280,000 active competitors. ESPL has hosted over 700 Esports tournaments across Southeast Asia and Latin America.

The first ESPL Arena (IFO) Initial Farm Offering closed on Monday evening, with users being told to “immediately claim unspent CAKE and 33% of purchased ARENA.” However, the rest of the “tokens will be released based on the vesting schedule.”

The PancakeSwap team recently updated bCAKE, allowing farmers “to activate boosters on two farms with an adjusted boost multiplier.” The only condition is to deactivate the current booster before applying the new one.

Interest in CAKE has increased since the New Year and this could be attributed to the launch of the ESPL Arena and other key updates on farm pools like bCake. CAKE was also popular among BSC whales, becoming the most used token after knocking down BTCB.

A snapshot of the on-chain data presented by Santiment confirms the surge in investor interest, as seen from the on-chain volume metric below. It seems that the price of PancakeSwap tends to respond to the increase in transactions on the protocol. CAKE’s price rose in line with volume, but broke away from the trend as activity slowed over the weekend. Interest in CAKE is likely to pick up speed this week as bulls push for a resumption of the uptrend.

PancakeSwap Price
PancakeSwap Volume Chart

PancakeSwap’s price stands between a rock and a hard place

PancakeSwap price dances between critical support and resistance marked by the 100-day exponential moving average (EMA) (in blue) at $3.58 and the 200-day EMA (in purple) at $3.79.

The Moving Average Convergence Divergence (MACD) indicator’s position above the middle line shows that the buyers have the upper hand, at least for now. However, traders should approach CAKE with caution, keeping in mind the need to watch out for potential losses below the 100-day EMA.

Short positions in the PancakeSwap price may not be ruled out at this time, but it is prudent to keep them inactive until the MACD (line in blue) crosses below the signal line. Price action below the 100-day EMA may validate declines for possible profit targets of $3.20 and $3.00, respectively.

    PancakeSwap Price
CAKE/USD 12 hour chart

The bullish outlook for PancakeSwap price will continue as soon as CAKE breaks and holds above the 200-day EMA. More buyers will flock to the market to buy CAKE as anticipation for gains at $5.00 rises. This will mark the start of the second leg of its recovery, with the third taking place between $5.00 and $10.00.

Altcoins to Consider for Faster Returns

PancakeSwap price looks bullish, but the bulls are taking a break ahead of the next phase of recovery. In the meantime, investors may want to check selected presale tokens providing an opportunity to be an early adopter. In addition to these altcoins championing a brighter future in crypto, the tokens have the potential to rally after listing on the exchange for the first time.

Meta Masters Guild (MEMAG)

A strong play-to-win platform displays a straightforward approach to the gaming industry that could boost user interest, which has dwindled significantly over the past few months. The team at Guild of meta-masters says he wants everyone to be able to play blockchain games for free and start earning rewards for time spent on them.

Players in the world’s first mobile-focused Web3 gaming guild will earn a currency called Gems. These tokens are versatile as they allow the player to trade them with MEMAG, the native token of the platform, which can be staked for more rewards. Some users can buy NFTs in-game with Gems or withdraw money by trading with other cryptos like ETH.

The Meta Masters Guild ecosystem was designed to reward players and everyone who contributes to its growth. Some high-value contributions that will be rewarded include creating games, providing in-game assets to high-performing players, developing esports teams, creating content, and participating in community events and gifts.

Investors can buy MEMAG in an ongoing presale that has already raised 376k, selling one token for 0.007 USDT.

Visit Meta Masters Guild now.

FightOut (FGHT)

FightOut is a new crypto project that hopes to redefine the fitness lifestyle with the Web3 era in mind. It is a Move-to-Earn (M2E) app with a gym channel that gamifies the fitness lifestyle. Ecosystem users are rewarded for completing pre-determined workouts and challenges while earning badges and growing within a vibrant community.

A tokenized economy will help manage the ecosystem where users earn FGHT tokens for performing M2E tasks. Since FightOut is set to revolutionize the fitness economy with Web3 solutions, users can create accounts and create their own digital NFT avatars to use in the metaverse.

The FightOut team is thrilled to announce the first CEX listing for FGHT on LBank Exchange with $2.98M raised so far. Investors pick up the tokens while enjoying a 50% discount, valid until $5 million is raised.

Visit FightOut now.

Calvary (RIA)

Calvaria is a crypto project aiming to be a frontrunner in the race to bridge the gap between the “real world” and crypto. The project is to accelerate crypto adoption through a play-to-earn battle card game.

The team hopes to compete in the Web2 game market by creating two versions of the game. One version of the game will be accessible through app stores such as Google Play and Apple Store.

On the other hand, the play-to-earn version (backed by blockchain functions) will admit all players without the many entry barriers that often scare off non-crypto users.

The Calvaria presale is almost over, with only 9% of the tokens up for grabs. $2.82 million was raised, well ahead of RIA’s first CEX listing.

Visit Calvaria now.

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