$CAKE

Name: PancakeSwap (CAKE)

Type: Utility and governance token

Blockchain: Binance Smart Chain (BSC)

Purpose:

Governance for PancakeSwap's decentralized exchange (DEX).

Staking and yield farming through Syrup Pool

Transaction fees and liquidity rewards.

Risks

High inflation due to unlimited supply unless offset by burns.

Dependence on BSC, which could face scalability or centralization concerns.

Intense competition from other DEXs and blockchain ecosystems.

PRICE history and Volatality

CAKE is highly volatile, typical for most cryptocurrencies, especially DEX utility tokens.

It experienced major peaks during the 2021 DeFi boom, with subsequent corrections.

The price is influenced by:

Overall crypto market sentiment.

DeFi sector growth.

BSC's adoption and competition from other blockchains.