PancakeSwap, one of the leading decentralized exchanges (DEXs), has achieved a significant milestone, recording a total trading volume of $310 billion in 2024. This marks a staggering 179% increase compared to 2023, highlighting the growing adoption of decentralized finance (DeFi) and layer-2 (L2) blockchain networks. Record-Breaking Trading Volume In 2024, PancakeSwap achieved $310 billion in trading volume, up from $111 billion in 2023. This growth was fueled by increased activity on L2 blockchains like Arbitrum and Base, which saw explosive year-over-year (YoY) increases of 3,656% and 3,539%, respectively. Key Contributors to Growth - DeFi Adoption: The rise in total value locked (TVL) across DeFi platforms—from $54 billion at the start of the year to $121 billion by December 24—boosted trading volumes. - Cross-Chain Expansion: PancakeSwap expanded its presence on Ethereum (+251% YoY) and the BNB Chain (+155% YoY), showcasing its adaptability to multi-chain ecosystems. - User-Centric Upgrades: Enhancements like the revamped swap interface, PancakeSwapX, and tools like the Telegram Swap bot have improved user experience, encouraging higher engagement. Innovative Features PancakeSwapX, launched in October 2024, introduced zero-fee trading and gasless asset swaps on Ethereum and Arbitrum. This innovation significantly reduced onboarding complexities for new users, making DeFi more accessible to mainstream investors. Technical Analysis As of the time of writing, NASDAQ:CAKE is trading at $2.53, up 1.75% within a consolidation channel. Despite recent price stagnation, several indicators suggest potential movement: Relative Strength Index (RSI): The RSI is currently at 46, indicating neutral momentum. However, the overall market sentiment remains positive. All-Time High (ATH) Potential: After peaking at $4.6 earlier this month, NASDAQ:CAKE has retraced. With the altcoin market gaining momentum, a post-Christmas rally could push NASDAQ:CAKE back toward its ATH. Competitive Position PancakeSwap is currently the second-largest DEX by daily trading volume ($2.23 billion), trailing Uniswap ($3.11 billion). It remains a dominant force in the DeFi space, supported by strong community engagement and a focus on innovation. Outlook for 2025 With the continued expansion of DeFi and L2 adoption, PancakeSwap is well-positioned for sustained growth in 2025. The platform’s emphasis on simplifying the user experience and integrating innovative features like gasless swaps will likely attract a broader audience, further solidifying its position as a top-tier DEX. Final Thoughts PancakeSwap’s $310 billion milestone underscores the platform’s ability to adapt and thrive in the rapidly evolving DeFi landscape. As NASDAQ:CAKE approaches the new year, both its technical setup and PancakeSwap’s fundamental advancements point toward a promising trajectory for 2025.
? Welcome to TradeCityPro Channel! Let’s examine another coin at the end of 2024, analyze its triggers, and set alarms to stay alert before the market moves. ? Overview Bitcoin As always, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe. Today, we had a good upward wave toward the 99079 resistance with strong volume, but the 1-hour candle got rejected, emphasizing the importance of this resistance. As long as we stay above 96403, I will try to go long after breaking 99079 to follow the potential upward trend with lower risk. If Bitcoin dominance also turns red, I’ll use the 99079 trigger as a confirmation for altcoin trades. https://www.tradingview.com/x/YKDgpxgZ/ ? Weekly Timeframe On the weekly timeframe, RONUSDT is one of the bullish coins in the market. It performed well in 2023, climbing from a low of 0.405 to a peak of 4.264 with strong green candles. After forming this peak, it started its correction, and after touching 1.434, it created a support level. It briefly dipped below it, rebounded, and moved to the 2.305 resistance, which highlighted the importance of this level. The higher low for 2024 at 1.434, which coincides with the 0.382 Fibonacci level, suggests that if it breaks its peak at 4.264, we could target - 6.548 - 9.37 - 15.64 If you are holding this coin, I suggest taking profits and removing your initial capital. If the weekly candle closes below 1.434, sell your holdings. For those who don’t hold, 2.305 and 4.265 are great triggers. ? Daily Timeframe On the daily timeframe, after being rejected from the 2.354 resistance (the top of the range), it returned to the midline, where it created a good candle and bounced upward. If it moves toward 2.354, it may create a higher low. After breaking 2.354, if you missed the entry, you can make a riskier buy based on the current low being formed and hold for the mid-term. If you entered inside the range due to FOMO, I suggest exiting if the 1.353 support breaks. Don’t hold onto a coin emotionally. https://www.tradingview.com/x/JFoKxQ1H/ ⏰ 4-Hour Timeframe On the 4-hour timeframe, we’ve finally formed a structure, and early triggers for movement can be identified. This setup is worth risking one stop-loss attempt. ? Long Position Trigger after breaking 2.074, enter early with confirmation from volume increase, RSI breakout, and overbought conditions. ? Short Position Trigger while I’m not focused on these, if a lower high forms or we get rejected at 2.074, the 1.827 trigger becomes significant for a risky short position. Remember to secure quick profits. https://www.tradingview.com/x/O6opbbg4/ ? Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
https://www.tradingview.com/x/i4zdzzO4/ Hello,Traders! GBP-CAD is going down Now and will soon hit A horizontal support level Of 1.7944 so after the Retest a local bullish Rebound is to be expected Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
MoonPay is reportedly negotiating the acquisition of crypto e-commerce platform Helio Pay in a deal valued at around $150 million.
Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from bearish OB. Like, comment and subscribe to be in touch with my content!
NASDAQ:CLSK looks to have landing by the ending diagonal!! The final decline in wave v should have started, with considering an ending diagonal pattern as wave (v). I'd like to see that pattern works well! The fibonacci target would be around 9.77 level.
Let’s dive into an interesting setup on ICP/USDT that’s starting to show strong bullish signals across multiple indicators. This could be a great opportunity for those who are closely monitoring trendline breaks and momentum shifts. Key Observations: 1️⃣ Trendline Break Imminent: ICP is approaching a critical descending trendline. Historically, a breakout above such levels often leads to a strong upward momentum. The current price action suggests mounting bullish pressure, and a decisive close above the trendline would likely confirm the breakout. 2️⃣ Momentum Shift in PrimeMomentum: On the daily timeframe, the momentum lines in the PrimeMomentum indicator are reversing upward. This is a strong signal that buyers are regaining control and momentum is shifting in favor of the bulls. 3️⃣ Bullish Divergence on WaveFlow: The WaveFlow momentum clouds are showing a clear bullish divergence. This divergence often signals that the downtrend is weakening and a potential reversal is on the horizon. 4️⃣ Support from Higher Lows: The price action has also formed higher lows, aligning with the momentum indicators and suggesting that buyers are stepping in at increasingly higher levels, strengthening the case for a bullish breakout. What to Watch For: Confirmation of Trendline Break: A daily close above the descending trendline would be the first confirmation of the breakout. Momentum Continuation: Look for further upward movement in PrimeMomentum and sustained bullish signals in WaveFlow to validate the strength of this setup. Potential Targets: If the breakout occurs, the next significant resistance levels could be around $12.50 and then $14.00, based on historical price action. Risk Management: As always, be cautious. If ICP fails to break the trendline and closes below the $10.50 support, the bullish setup could be invalidated. Setting stop-losses below this level would be prudent. Conclusion: This is a high-probability setup worth keeping on your watchlist. A breakout here, coupled with strong momentum signals, could lead to a significant rally in the coming days. Let me know your thoughts in the comments, and feel free to share your targets for this potential move! ?
Hello guys After the bottoming, this coin was able to hit its weekly resistance, and now, considering the pullback it has made, it is a good time to buy it for the goals we specified for you. Be successful and profitable.
ETH Moving for the next 16H if cross 3555 and make a full closed candle above will continue to next 3750
better start buying now before 2025 so as not to regret the whole situation