#Trending AltCoin Analyse The first altcoin in line: PancakeSwap (CAKE)
CAKE empowers PancakeSwap, the largest decentralized exchange (DEX) on the BNB Chain. It is one of today's trending altcoins as it has managed to gain profits despite the overall market decline. Currently trading at $2.21, the token showed a 17% increase yesterday. The increased on-chain activity on PancakeSwap in the last 24 hours largely drives the double-digit gains.
During this time, PancakeSwap led all decentralized exchanges with approximately 1.63 billion dollars in trading volume. In contrast, Uniswap of Ethereum