PancakeSwap
CAKE#72CAKE is the token of PancakeSwap, a decentralised exchange mainly on BNB Chain, funded by fees that buy back and burn it.
- Market cap
- $815.75M
- Volume 24h
- $52.7M
- All-time high
- —
- Circulating supply
- 330.68M of 400M
Does not clear all 8 Shariah criteria. Needs caution: nature of the asset, gambling (maysir), excessive uncertainty (gharar), usage, and benefit and harm (maslahah). Fails: business model.
- 2 pass
- 5 caution
- 1 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Strong
PancakeSwap is a large multichain exchange with about $500 billion of yearly volume, and CAKE supply has shrunk for 34 months in a row, but the team is anonymous and control of minting is not disclosed.
Reviewed every 3 months and on major eventsNews: Mixed
A quiet period for PancakeSwap; the main development was the launch of a Pre-Access Portal for tokenized exposure to private companies.
Reviewed monthly and when something material happensPrice & market
CAKE trades around $2.57, inside its current zone of $2.53–2.61, after a strong monthly rise and a pullback over the past week. The long-term trend is up and the fundamentals are strong, with high trading activity and a supply that keeps shrinking. Right now the price is high in its yearly range: the upside to $2.83 (+10%) is about half the downside to $2.06 (−19.9%), so the balance is unfavourable. The near-term picture calls for caution, while the long-term picture stays attractive. A calmer level would be the $2.24–2.32 interest zone.
Doubtful verdict: check the halal analysis before any decision.
- Review level
- $2.06
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category
