Despite multiple migrations, PancakeSwap v3’s transactions declined in May. CAKE’s state was also concerning, as metrics were bearish.
CAKE’s price action last month did not align with investors’ interest as it continuously registered declines. In the last seven days alone,’s price has plummeted by over 8%. At the time of writing, it was trading at $1.58, with a market capitalization of over $320 million.
CAKE’s MVRV Ratio remained low during the majority of the days last month, thanks to the price drop. Excluding 26 May, the token’s velocity also remained low. However, CAKE’s daily active addresses remained relatively stable.Interestingly, positive sentiment around CAKE has increased in the last few days. A change in market sentiment can play a role in changing CAKE’s declining price trend.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince George court docket: May 29-June 1, 2023Sentences for offences committed in Prince George, Mackenzie, McBride, Valemount and areas
Read more »
B.C. wildfires update for June 4: Hot, dry June forecast means trouble for B.C. wildfires | Fire officials warn of strong wind this weekend in CaribooHere\u0027s a roundup of the latest news concerning the wildfires burning across B.C., updated daily by our newsroom.
Read more »
June means trouble for B.C. wildfires with hot, dry forecast set to compound droughtUnderlying drought, unseasonably warm temperatures last month and hot, dry conditions in the June forecast mean “the table has been set” for significant…
Read more »
Vital People: Victoria Hospice Teeny Tiny Garden Tour June 11thVITAL PEOPLE: The Teeny Tiny Garden Tour is an important fundraiser for Victoria Hospice. Tess van Straaten has the details.
Read more »
Letters to the Editor, June 5, 2023Letters to the Editor, June 5, 2023
Read more »