Crypto Market Shenanigans: Bitcoin Snoozes, CAKE and BNB Dance!

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What’s cooking in the crypto world?

  • PancakeSwap’s CAKE rises like a phoenix 🌋, soaring by 35% in 24 hours and 107% in a week!
  • Binance‘s BNB also joins the party 🎉, jumping by 9.3% after some tweet-fuel from its big boss, CZ.
  • Bitcoin 💰, the granddaddy of crypto, dozes off in a narrow range around $96,200.

Ah, the crypto market – where the unexpected becomes the norm! While Bitcoin takes a nap in the tight range of $95,000 to $98,000, PancakeSwap’s CAKE and Binance’s BNB are busting moves like there’s no tomorrow!

CAKE, the tasty native token of decentralized exchange PancakeSwap, has more than doubled in value over the past week, with a whopping $1.1 billion in trading volume over the last 24 hours! 😲

Binance Coin (BNB), not wanting to be left out of the fun, flipped Solana’s SOL token in market cap rankings, thanks to some playful tweets from Binance’s founder, Changpeng Zhao. He hinted at ‘interacting with memecoins’ on the BNB Chain, causing quite the stir!

The surge in BNB and CAKE is interconnected, as CAKE is the life of the party on BNB Chain – the largest protocol in the BNB Chain ecosystem.

Meanwhile, as Bitcoin’s price action remains rangebound, traders are seeking thrills elsewhere. In the past 24 hours, LIDO, INJ, JTO, and HYPE have all gained between 7% and 9%. 📈

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2025-02-13 15:35