Cryptocurrencies to watch: PancakeSwap, EOS, Pi Network
The post Cryptocurrencies to watch: PancakeSwap, EOS, Pi Network appeared on BitcoinEthereumNews.com.
Crypto prices had a mixed performance last week after the Federal Reserve left interest rates unchanged and the U.S. Securities and Exchange Commission ended its appeal against Ripple Labs. The crypto fear and greed remained in the fear zone, while Bitcoin (BTC) failed to move above $90,000. Ethereum (ETH) and most altcoins also remained in a technical bear market. Crypto prices may remain on edge this week as the market anticipates President Trump’s reciprocal tariffs. Some of the top cryptocurrencies to watch will be PancakeSwap (CAKE), EOS (EOS), Pi Network (PI). PancakeSwap CAKE price chart | Source: CMC PancakeSwap, the biggest decentralized exchange on the BNB Chain will be watched closely this week because of its recent performance. CAKE jumped to a high of $2.82 last week, up by 105% from its lowest level this month. Its surge happened as it regained the mantle as the biggest DEX in the industry regarding volume. Its weekly volume jumped by 60% to $14.8 billion, more than Uniswap’s $8.29 billion and Raydium’s $2.5 billion. PancakeSwap’s volume jumped because of the recent meme coins launched on the BNB Chain like Mubarak and Brocolli. The challenge for PancakeSwap, however, is that most meme coins surge initially and then drop as insiders capitulate. As such, it may be in the same situation that Solana DEXes like Raydium and Orca were in a few months ago. At the time, their volumes jumped and crashed as Solana meme coins imploded. EOS EOS chart | Source: CMC The EOS token rose to $0.6676 last week, up 55% from its lowest level this year. This rebound happened after EOS rebranded to Vaulta, which seeks to focus mostly on blockchain banking. The rebrand will see the EOS token rebranding to Vaulta, whose ticker will be unveiled in April. It will inherit…
Filed under: News - @ March 23, 2025 4:24 pm