By Decentralized Funding Token (DeFi) Project PancakeSwap (CRYPTO: CAKE) based on Binance smart chain (CRYPTO: BNB) Blockchain has experienced strong growth after the successful launch of a new product.
What happened: According to CoinMarketCap The data, PancakeSwap rose more than 29% from its 24-hour low of $ 34 to a high of nearly $ 44, before correcting to just under $ 40.72 at the time of publication.
The coin set a new record price of over $ 40 tonight. This growth follows PancakeSwap has successfully launched a BETA prediction marketplace.
The newly launched service saw a volumee of 15,976 BNB in the first 24 hours of operation, or over $ 9.5 million at time of printing.
It’s been 24 hours since we launched the BETA Prediction!
Here are some statistics:
Total volume: 15,976 $ BNB ($ 8.8 million)
Biggest round: # 208 – 140.25 $ BNB ($ 77,000)
It’s quite funny:
🔮 https://t.co/QkfJbLFgfH pic.twitter.com/qTvIcm6EIp– PancakeSwap 🥞 #BSC (@PancakeSwap) April 29, 2021
PancakeSwap and Binance Chain are ecosystems capitalizing on the part of the DeFi craze that leaves Ethereum (CRYPTO: ETH) to escape its high costs and slow transaction processing.
See also: DeFi Coins PancakeSwap and UniSwap Reach All-Time Highs on Ethereum Gas Problem
According to Benzinga’s calculations, an investor who bought $ 1,000 of BNB would see their coins reach a value of over $ 13,282 as of April 20 – that figure would have risen to $ 15,750 at the time of publication.