PancakeSwap Burns 8.88M Tokens Worth Over $18M, CAKE Price Gains 3%
PancakeSwap has so far burned more than 78 percent of the total CAKE supply to date, thus significantly increasing the value of the existing coins.
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PancakeSwap has so far burned more than 78 percent of the total CAKE supply to date, thus significantly increasing the value of the existing coins.
In the pre-market on Monday, Coinbase and other Bitcoin mining firms saw their stock prices rally anywhere between 3.5-4.5%.
The record open interest, along with other market indicators, points to a potential breakout for Bitcoin’s price.
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The ONDO token boasts a market capitalization of $1.42 billion, placing it at the 61st position among the largest cryptocurrencies by market cap.
As the Bitcoin miner capitulation post the BTC halving comes to an end, market analysts are predicting the bitcoin price to reach $100K by the year-end.
Bitcoin miners are closer to being profitable again and selling less of their holdings, which could rally BTC.
At the forefront of this positive trend are BlackRock’s ETHA and Fidelity’s FETH which both saw considerable amounts of capital inflow last week.
Peter Schiff criticized the Kennedy Bitcoin proposal, calling it a “vote-buying” strategy. He believes that RFK is trying to appeal to the emotions of BTC enthusiasts.