PancakeSwap is a decentralized exchange built on the Binance Smart Chain, providing users with a platform to trade cryptocurrencies with low fees and high speed. It employs an automated market maker (AMM) model, allowing users to trade against a liquidity pool, which is supplied by other users who earn rewards in return. Additionally, PancakeSwap offers features like yield farming, lotteries, and NFTs, making it an attractive option for those looking to engage in diverse crypto activities.
more informationAcross Protocol is an innovative cryptocurrency that focuses on providing efficient and secure cross-chain transactions, allowing users to seamlessly transfer assets between different blockchain networks. By utilizing advanced decentralized technologies, it aims to solve interoperability challenges, enhancing the overall blockchain ecosystem's connectivity. This protocol represents a significant step forward in enabling more versatile and user-friendly interactions in the cryptocurrency space.
more informationGeneral Information |
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---|---|
Title
PancakeSwap
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Title
Across Protocol
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Symbol
cake
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Symbol
acx
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Whitepaper
-
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Whitepaper
-
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Website
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Website
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Community
|
Community
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Last Updated
2025-02-01 23:56
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Last Updated
2025-02-01 23:51
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Price Data |
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Current Price $
1.87
$
|
Current Price $
0.391195
$
|
High 24h
2.04
$
|
High 24h
0.435849
$
|
Low 24h
1.86
$
|
Low 24h
0.390427
$
|
Price Change 24h
-0.15210028659735
$
|
Price Change 24h
-0.037906126171863
$
|
Price Change % 24h
-7.5352
%
|
Price Change % 24h
-8.83384
%
|
Market Data |
|
Market Cap
554392591
|
Market Cap
168113868
|
Total Volume
45946371
|
Total Volume
13891325
|
Market Cap Change 24h
-41892973.054052
|
Market Cap Change 24h
-16156473.290038
|
Market Cap Change % 24h
-7.02566
%
|
Market Cap Change % 24h
-8.76781
%
|
Return on Investment (ROI)
-
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
296149807.19594
|
Circulating Supply
429886318.49067
|
Total Supply
385178553.73789
|
Total Supply
1000000000
|
Max Supply
450000000
|
Max Supply
1000000000
|
Historical Data |
|
All Time High (ATH)
43.96
|
All Time High (ATH)
1.69
|
ATH Change %
-95.75119
%
|
ATH Change %
-76.83966
%
|
ATH Date
2021-04-30 10:08
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ATH Date
2024-12-06 13:25
|
All Time Low (ATL)
0.194441
|
All Time Low (ATL)
0.03440846
|
ATL Change %
860.69153
%
|
ATL Change %
1036.72585
%
|
ATL Date
2020-11-03 14:29
|
ATL Date
2023-06-01 08:30
|
PancakeSwap, symbolized by the token CAKE, has emerged as a significant player in the decentralized finance (DeFi) landscape. Launched in September 2020, PancakeSwap quickly gained popularity, riding on the wave of DeFi's explosive growth. It operates on the Binance Smart Chain (BSC), offering a decentralized exchange (DEX) for swapping BEP-20 tokens, farm yield opportunities, and more.
Reflecting on its past, PancakeSwap's journey is nothing short of remarkable. The token reached an all-time high (ATH) of $43.96 in April 2021, highlighting the global fascination with DeFi projects. However, like many in the highly volatile cryptocurrency market, PancakeSwap's value has endured significant fluctuations. Currently priced around $1.85, it is a far cry from its ATH, marking a decrease of approximately 95.78% since April 2021.
Despite the dip, PancakeSwap has maintained a steady presence in the DeFi sector. Notably, it achieved an all-time low (ATL) of $0.194441 on November 3, 2020, and has seen substantial growth since then, with an approximate rise of 855%.
One of PancakeSwap's most compelling advantages is its efficiency. Operating on Binance Smart Chain allows for faster and cheaper transactions compared to Ethereum-based counterparts. This has positioned PancakeSwap as a preferred choice among decentralized exchange users who prioritize cost-effectiveness.
Additionally, PancakeSwap offers diverse services beyond simple token swaps. Users can farm liquidity provider tokens, stake CAKE for rewards, and even partake in lotteries and non-fungible token (NFT) auctions. These features contribute to PancakeSwap's vibrant ecosystem and its attractiveness to a broad user base.
Despite its advantages, PancakeSwap is not without challenges. The token has experienced significant volatility, which can deter risk-averse investors. Furthermore, operating on Binance Smart Chain, it faces scrutiny regarding centralization concerns compared to Ethereum's decentralization standards.
Security is another pivotal issue. While PancakeSwap hasn't faced major breaches, decentralized exchanges inherently expose users to certain risks, and careful contract auditing is crucial to maintaining trustworthiness.
The future outlook for PancakeSwap is a blend of optimism and caution. Its continued adaptation and enhancement in response to DeFi market demands could help it regain previous heights. As the cryptocurrency market matures, PancakeSwap's ability to innovate and mitigate pitfalls will be critical.
Moreover, with the growth of Binance Smart Chain and the increasing demand for low-fee DeFi solutions, PancakeSwap remains well-positioned to capture further market share. Yet, as the market evolves, the platform will need to address regulatory challenges and security concerns, ensuring it remains a reliable choice in the constantly changing world of cryptocurrency.
In conclusion, PancakeSwap exemplifies the dynamic nature of the cryptocurrency world, shaped by rapid growth, opportunities, and inherent risks. As it navigates the future, its performance will likely mirror broader DeFi trends, combining innovation with challenges on its path forward.
Across Protocol, denoted by the symbol ACX, has gradually positioned itself as a noteworthy participant in the cryptocurrency ecosystem. With a current price of $0.318123, its trajectory has been marked by significant fluctuations, noteworthy developments, and a committed community backing its advancements. Let us delve deeper into its past progress, present standing, and future prospects.
Since its inception, Across Protocol has experienced a dynamic journey in the cryptocurrency markets. The coin reached its All Time High (ATH) of $0.478292 in mid-2024, shortly after a remarkable bullish phase. The underlying factors contributing to this peak included strong market sentiment, developments in protocol functionality, and heightened network activity.
However, it is essential to recognize the resilience of ACX during downturns. From its All Time Low (ATL) of $0.03440846 observed in June 2023, it has rebounded by an impressive 825.03%. This recovery reflects the intrinsic belief investors place in the protocol’s potential and its fundamental utility.
One of the standout advantages of Across Protocol is its robust transaction system that emphasizes speed and efficiency. Designed to allow seamless cross-chain transfers, it addresses some of the most pressing challenges in blockchain interoperability — a key hurdle for widespread crypto adoption.
In addition to its technical prowess, the coin's capped supply of 1 billion ACX tokens bolsters its attractiveness among investors. With a current circulating supply of approximately 419 million, scarcity dynamics are likely to come into play, potentially driving appreciation in value over time.
Despite its merits, Across Protocol faces challenges typical of most cryptocurrencies. Volatility remains a significant concern, exemplified by its recent price swings within a 24-hour period. Investor sentiment is a fickle force, susceptible to marketwide trends and speculative behavior, which could impact ACX's price stability.
Furthermore, the competition within the space of cross-chain protocols is fierce, with numerous well-funded projects and emerging technologies threatening to dilute market share. Ensuring a continuous edge in technological improvements and user acquisition will be vital for maintaining a competitive advantage.
The future of Across Protocol appears promising, driven by advancements in blockchain technology and an increasing demand for seamless cross-chain solutions. Strategic partnerships, community engagement, and continued innovation remain pivotal in enhancing ACX's utility and market presence.
If Across Protocol continues to improve its protocol capabilities and maintains a close alignment with user needs, its adoption could expand significantly. Moreover, as regulatory landscapes around cryptocurrencies become clearer, ACX's structured tokenomics and advanced functionalities position it well for long-term sustainability.
In conclusion, Across Protocol (ACX) is a compelling asset within the cryptocurrency domain, equipped with the technology and vision needed to thrive in an ever-evolving landscape. While challenges persist, its capacity to connect disparate chains efficiently makes it a noteworthy contender for the future of decentralized finance ecosystems.