Bitcoin Was Muted, Dogecoin Spiked, But The Icing On The ‘Cake’ Last Week Was A 62% Rally In This Token

The cryptocurrency market was influenced by Bitcoin’s (CRYPTO: BTC) stagnation last week, although certain coins staged remarkable gains.

What happened: CAKE, the token of the decentralized exchange PancakeSwap, topped the gainers’ list, returning a massive 62% to its holders in the last week.

The BNB Chain (CRYPTO: BNB)-based coin’s growth was catalyzed by a sharp jump in trading volumes on PancakeSwap, worth over $27 billion over the last week, according to DeFiLlama.

S, the native token of …

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