CAKE Coin Soars After Major Upgrade Boosts Demand

CAKE coin is experiencing a significant surge in value following the launch of PancakeSwap Infinity, a new decentralized exchange that promises improved efficiency and greater accessibility for users. The coin reached a peak price of $2.67 after seeing a 11.2% intraday increase, driven by a whopping 200% boost in trading volume. This surge has pushed CAKE’s market capitalization to nearly $850 million, further bolstering the BNB Chain ecosystem. Analysts predict that testing the $3 price threshold is likely within the short term.