Why PancakeSwap Is a Top Crypto to Buy Now

PancakeSwap (CRYPTO: CAKE) was introduced just a year ago this month, but it has quickly became the largest automated crypto market maker -- a provider of trading liquidity -- on the Binance Smart Chain (BSC). PancakeSwap users have staked (meaning users are holding their crypto in digital wallets) more than $5.6 billion on this decentralized exchange (DEX), compared to a market value of just $4.983 billion. That suggests the token is a bargain compared with peers such as Uniswap, which has a total value locked (TVL) -- a measure of how much is staked --that outpaces its market cap by a factor of 3.3.

Unlike many other cryptocurrencies, there's way more to PancakeSwap than simply buying and holding the tokens. Let's look at why it should be a top choice for coin holders. 

Image source: Getty Images.

Continue reading

Source Fool.com