🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Cake coin price movement and stake yield analysis
Introduction
The performance of Cake coin in the cryptocurrency market is noteworthy. As the native token of the PancakeSwap platform, its price surged from less than 1 dollar to 2.31 dollars, with an increase of over 600%. Through mechanisms such as staking mining and token burning, Cake coin continues to demonstrate its investment value. This article will analyze the price trend of Cake coin in depth and reveal the value-added logic behind it.
600% Surge! Analyzing the Astonishing Price Trend of Cake Coin
Cake token, as the native token of the PancakeSwap platform, has experienced a thrilling price trend since its launch in September 2020. From initially being less than 1 dollar, it reached 2.31 dollars on May 16, 2025, undergoing multiple significant fluctuations.
As of May 16, 2025, the market capitalization ranking of Cake Coin is 96th, with a 24-hour trading volume reaching $111.58 million. These figures fully reflect the important position of Cake Coin in the cryptocurrency market. Notably, the 30-day increase of Cake Coin is as high as 25.12%, indicating a strong upward momentum.
However, investors need to be cautious about the price trends of Cake coin. Although there has been significant growth in the short term, its 90-day percentage change is -8.21%, indicating that the price of Cake coin still has considerable volatility. This volatility is partly due to the overall fluctuations in the cryptocurrency market and is also closely related to the development of the PancakeSwap platform.
For investors looking to purchase Cake tokens, they can trade directly on the PancakeSwap exchange. The PancakeSwap exchange tutorial can help newcomers quickly get started and understand how to perform token swaps and provide liquidity on a decentralized exchange.
A Must-Learn for Beginners! The Most Detailed PancakeSwap Staking Mining Guide
PancakeSwap mining tutorial is a must for many new investors. Staking mining is one of the core features of the PancakeSwap platform, allowing users to earn additional income by staking Cake tokens.
The staking rewards of Cake coins mainly come from two aspects: first, the distribution of platform trading fees, and second, the rewards from newly minted Cake tokens. According to current data, the circulating supply of Cake coins is 321,167,992.67 coins, while the total supply is 370,934,090.42 coins. This means that a large number of Cake coins will still enter the market in the future through mining and other methods.
The specific steps for staking Cake coins are as follows: First, ensure that your web3 wallet has enough Cake coins; second, connect to the PancakeSwap platform and navigate to the "Pools" page; then, select the staking pool you want to participate in and enter the amount of Cake coins you wish to stake; finally, confirm the transaction and wait for it to complete.
It is worth noting that the staking yield will change over time. Investors should closely monitor platform announcements and market dynamics to make informed investment decisions.
Token Burn Plan Unveiled: How the Cake Deflationary Mechanism Drives Value Enhancement
The Cake token burn mechanism is an important method for the PancakeSwap platform to maintain the value of the Cake token. By regularly burning a certain amount of Cake tokens, the platform aims to create a deflationary effect, thereby enhancing the scarcity and value of the Cake token.
According to the latest data, the maximum supply of Cake coins is set at 450 million. However, through the token burn mechanism, the actual circulating amount of Cake coins may be far below this upper limit. This deflationary mechanism helps alleviate inflationary pressure and supports the long-term value of Cake coins.
The sources of funds for token burning mainly include: platform trading fees, lottery income, prediction market revenue, etc. A portion of these revenues will be used to repurchase Cake tokens from the market and burn them, thereby reducing the circulating supply.
However, investors should also be aware that token burns do not guarantee a continuous rise in the price of Cake. The price of Cake is still influenced by multiple factors such as market supply and demand, overall cryptocurrency market trends, and so on.
In general, Cake token, as the core token of the PancakeSwap platform, has price trends, staking yields, and deflation mechanisms that are worth investors' close attention. However, cryptocurrency investment carries high risks, and investors should fully understand the associated risks and make investment decisions based on their own risk tolerance.
Conclusion
Cake coin has surged from under $1 to an astonishing $2.31, demonstrating the strong potential of the PancakeSwap platform. The dual income from staking and mining, combined with the deflationary effect created by the token burn mechanism, provides a solid foundation for the long-term value of Cake coin. The current 30-day increase of 25.12% further highlights its investment value.
Risk Warning: The cryptocurrency market is highly volatile, with a 90-day decline of 8.21% for Cake token indicating significant pullback risk, and the token burn mechanism cannot fully offset market downward pressure.