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CAKE Price Pops 11% as DEX Volume Skyrockets and PancakeSwap Infinity Goes Live

  • PancakeSwap trading volume spiked to $2.2B, lifting CAKE by 11% in one day.
  • Analysts see a possible breakout above $2.74, with a short-term target of $3.33.
  • CAKE, the native token of PancakeSwap, surged 11% in 24 hours, driven by a spike in trading volume, making PancakeSwap the top DEX in volume ahead of Uniswap.
  • The launch of PancakeSwap Infinity has brought new DeFi features, with CAKE trading comfortably above major moving averages, signaling bullish control and potential upside to $3.33.

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