The cryptocurrency market turned green on Monday as most digital coins bounced back after last week’s flash dips.
PancakeSwap is among the tokens leading the recovery.
CAKE gained over 25% within the last 24 hours, fueled by bullish ecosystem developments.
The leading decentralized exchange on Binance has announced the “Prediction Season” campaign with $750 USDC rewards.
Prediction season 🔮 We’re giving away 750 USDC across 3 campaigns, starting today! 🎁 50 USDC each for 5 random winners How to enter: ✅ Comment which token we should add to Prediction on PancakeSwap ✅ Follow @PancakeSwap ✅ Repost the quoted tweet + tag a fren Two more
Individuals can participate in the giveaway through simple social media actions.
These include suggesting tokens that PancakeSwap should add to the Prediction feature, following the DEX, and tagging friends after reposting the campaign post.
Meanwhile, each round will reward five winners with 50 USD Coin each. The team added that two more drops will happen later this week.
Notably, this campaign celebrates Prediction Market’s expansion to energise the PancakeSwap community.
PancakeSwap’s native token rallied after the announcement.
CAKE has gained over 25% on the daily timeframe to trade at $3.53.
For context, PancakeSwap’s Prediction Season campaign will end on October 20.
The Prediction Season campaign comes a month after PancakeSwap launched Bitcoin and Ethereum prediction markets on Binance Smart Chain.
BTC & ETH Predictions just landed on BNB Chain PancakeSwap 🔮 Think you can outsmart the market every 5 minutes? Get it right & grab your slice of the prize pool 🥞 pancakeswap.finance/prediction 📖 blog.pancakeswap.finance/articles/btc-e…
The rollout is part of the DEX’s ongoing efforts to diversify its offerings.
With this update, users can predict price movements for BTC and ETH. The official announcement teased:
Think you can outsmart the market every 5 minutes? Get it right and grab your slice of the prize pool.
Meanwhile, Bitcoin and Ethereum expand the DEX’s Prediction Markets beyond BNB.
More individuals can now join forecasting rounds that reset after every five minutes.
The Prediction Market feature blends entertainment, trading, and rewards.
It enables users to forecast whether cryptocurrency prices will soar or dip within a few minutes.
With the functionality, PancakeSwap transforms traditional guesswork into an engaging experience.
The prediction model differs from ordinary trading, as it adds social sentiments to the competition.
Individuals bet against market movements while competing for a $750 prize pool.
PancakeSwap’s native token exhibited a bullish structure today.
It has gained more than 25% in the previous 24 hours to $3.53.
CAKE has rebounded from last week’s low of around $1.90.
Broad-based recoveries after the latest crash and optimistic announcements propel CAKE’s performance.
On-chain metrics and technical indicators suggest more rallies for the altcoin.
CAKE exhibits a solid support zone at $3.0, which could catalyse stable rallies to the short-term target of $4.20.
That would mean a nearly 20% increase from its market price.
The digital coin can extend to $6 and clear the road to $10 amid market-wide bull runs.
The post CAKE soars 25% as PancakeSwap announces $750 Prediction Season rewards appeared first on Invezz
Read More
The cryptocurrency market turned green on Monday as most digital coins bounced back after last week’s flash dips.
PancakeSwap is among the tokens leading the recovery.
CAKE gained over 25% within the last 24 hours, fueled by bullish ecosystem developments.
The leading decentralized exchange on Binance has announced the “Prediction Season” campaign with $750 USDC rewards.
Prediction season 🔮 We’re giving away 750 USDC across 3 campaigns, starting today! 🎁 50 USDC each for 5 random winners How to enter: ✅ Comment which token we should add to Prediction on PancakeSwap ✅ Follow @PancakeSwap ✅ Repost the quoted tweet + tag a fren Two more
Individuals can participate in the giveaway through simple social media actions.
These include suggesting tokens that PancakeSwap should add to the Prediction feature, following the DEX, and tagging friends after reposting the campaign post.
Meanwhile, each round will reward five winners with 50 USD Coin each. The team added that two more drops will happen later this week.
Notably, this campaign celebrates Prediction Market’s expansion to energise the PancakeSwap community.
PancakeSwap’s native token rallied after the announcement.
CAKE has gained over 25% on the daily timeframe to trade at $3.53.
For context, PancakeSwap’s Prediction Season campaign will end on October 20.
The Prediction Season campaign comes a month after PancakeSwap launched Bitcoin and Ethereum prediction markets on Binance Smart Chain.
BTC & ETH Predictions just landed on BNB Chain PancakeSwap 🔮 Think you can outsmart the market every 5 minutes? Get it right & grab your slice of the prize pool 🥞 pancakeswap.finance/prediction 📖 blog.pancakeswap.finance/articles/btc-e…
The rollout is part of the DEX’s ongoing efforts to diversify its offerings.
With this update, users can predict price movements for BTC and ETH. The official announcement teased:
Think you can outsmart the market every 5 minutes? Get it right and grab your slice of the prize pool.
Meanwhile, Bitcoin and Ethereum expand the DEX’s Prediction Markets beyond BNB.
More individuals can now join forecasting rounds that reset after every five minutes.
The Prediction Market feature blends entertainment, trading, and rewards.
It enables users to forecast whether cryptocurrency prices will soar or dip within a few minutes.
With the functionality, PancakeSwap transforms traditional guesswork into an engaging experience.
The prediction model differs from ordinary trading, as it adds social sentiments to the competition.
Individuals bet against market movements while competing for a $750 prize pool.
PancakeSwap’s native token exhibited a bullish structure today.
It has gained more than 25% in the previous 24 hours to $3.53.
CAKE has rebounded from last week’s low of around $1.90.
Broad-based recoveries after the latest crash and optimistic announcements propel CAKE’s performance.
On-chain metrics and technical indicators suggest more rallies for the altcoin.
CAKE exhibits a solid support zone at $3.0, which could catalyse stable rallies to the short-term target of $4.20.
That would mean a nearly 20% increase from its market price.
The digital coin can extend to $6 and clear the road to $10 amid market-wide bull runs.
The post CAKE soars 25% as PancakeSwap announces $750 Prediction Season rewards appeared first on Invezz
Read More
