The BNB BNB token and the Pancakeswap cake wrote the conditions of the low volatility market to recover 9.3% and 35% respectively, even when Bitcoin (BTC), the largest cryptocurrency, remained in a range of $ 96,200.
Cake has more than duplicate in the last seven days, a movement that coincides with an increase in the volume of negotiation, with $ 1.1 billion in the last 24 hours, according to Coinmarketcap data.
Meanwhile, BNB turned the Token Sol de Solana in terms of market capitalization after a series of tweets from the founder of Binance Changpeng Zhao, who insinuated “interact with Memecoins” in the BNB chain.
The movement in BNB and the cake correlates because the cake is the native token of the decentralized exchange pancakes, the largest protocol of the BNB chain.
The increase in activity occurs when Bitcoin experiences a pause. BTC has negotiated between $ 95,000 and $ 98,000 since February 8.
The river price action for BTC generally leads to an increase in alternative cryptocurrency activity, or Altcoins, because merchants tend to look for more speculative bets. In the last 24 hours, Lido, Inj, Jto and Hype have won between 7% and 9%.
