Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Buyers’ and Sellers’ momentum is equal in the CAKE market CAKEUSD Price Analysis – 09 December Should buyers’ momentum increase, the price may break up [...]
On October 22, the bullish trend starts at the support price of $4.33. And since then, the bullish momentum increases on a daily basis. But [...]
Buyers opposed sellers at $4.0 Level in the CAKE market CAKEUSD Price Analysis – October 30 An increase in the buyers’ momentum will break up [...]
Bulls continue pushing up the CAKE CAKEUSD Price Analysis – September 26 Should the buyers increase their momentum and penetrate the resistance level at $4.6, [...]
Bulls may continue pushing up the CAKE CAKEUSD Price Analysis – August 31 In case the bulls push up the CAKE, it will be confronted [...]
PancakeSwap market is dominated by bears CAKEUSD Price Analysis – August 26 Should the bears increase their momentum and penetrate the support level at $3.70, [...]
Bulls may continue pushing up the price CAKEUSD Price Analysis – August 11 Should the bulls increase their momentum and penetrate the resistance level at [...]
PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries. PancakeSwap And Google Cloud Collaboration Moreover, PancakeSwap leverages Google Kubernetes Engine to scale its nodes quickly and accurately predict traffic spikes with the help of the PreditKube solution from Dysnix. Dysnix’s PreditKube solution helped PancakeSwap accurately predict traffic spikes and automate the up-and-down scaling of blockchain nodes ahead of time to manage the anticipated traffic surge. This approach ensured that PancakeSwap’s infrastructure could handle a fluctuating number of requests with high scalability, maintaining an uptime of 99.99%. Related Reading: Arkham’s New Crypto Intel Trading Platform: A Game Changer For Traders? Dysnix says their PreditKube solution accurately predicts more than 90% of traffic spikes on PancakeSwap. By automating the up-and-down scaling of nodes, PancakeSwap managed the anticipated traffic surge and reduced its infrastructure costs by more than 30%. One of the critical challenges for any trading platform is ensuring the security of smart contracts. PancakeSwap works with various audit firms to identify potential loopholes and leverages Cloud Armor to filter sensitive data. With its smart contracts secured, PancakeSwap aims to expand its services by adding more chains and exploring non-fungible tokens (NFTs). Moreover, to improve users’ trading experience, PancakeSwap plans to leverage BigQuery to manage and analyze historical blockchain data. By simplifying complex data, PancakeSwap aims to make blockchain trading accessible to everyone. With Google Cloud’s fully managed services, PancakeSwap’s engineers can focus on developing new features and improving the user experience rather than dealing with infrastructure issues. Chef Jojo, Technical Lead at PancakeSwap, stated: At one point, we had more than one billion requests on the BNB Chain, but this is changing all the time due to the BNB network changes, among other variables. With Google Kubernetes Engine, we can quickly scale up when there are many requests. Google Cloud Boosts CAKE Token Value PancakeSwap’s native token, CAKE, has seen a 3.9% increase in value within the last 24 hours following the announcement of its partnership with Google Cloud. Currently, CAKE is trading at $1.517 after being range-bound between $1.454 and $1.481 for the past four days. The partnership with Google Cloud has provided the much-needed momentum for CAKE to break out of this range and continue its upward trend. However, CAKE is now facing a significant resistance level at $1.525, which has not been surpassed since July 6th. On the other hand, PancakeSwap’s market cap (circulating) is currently at $327.94 million, representing a decline of 1.10% in the past 24 hours. Meanwhile, its fully diluted market cap stands at $1.13 billion, representing a decline of 5.73%. According to data from Token Terminal, PancakeSwap’s revenue for the past 30 days is at $1.41 million, marking a decrease of 31.55% from the previous period. Similarly, its annualized revenue is $17.11 million, representing a decrease of 39.79%. Related Reading: US Presidential Candidate Robert F. Kennedy Jr Called Out For Lying About Bitcoin Investment Furthermore, Token Terminal highlights that PancakeSwap’s total value locked (TVL) is currently at $1.22 billion, representing a decline of 4.73% in the past 24 hours. On the other hand, the platform’s trading volume (annualized) is at $48.50 billion, indicating a decrease of 25.66% from the previous period. Data also shows that PancakeSwap’s P/S ratio (fully diluted) is at 64.25x, representing an increase of 38.0%. Meanwhile, its P/F ratio (fully diluted) stands at 21.71x, indicating an increase of 38.8%. Featured image from Unsplash, chart from TradingView.com
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
