Who determines the market cap of Pancake Swap?

3 answers

• May 03, 2022 · 3 years ago
  The market cap of Pancake Swap is determined by the collective value of all its circulating tokens. It is calculated by multiplying the current price of each token by the total supply. This metric gives investors an idea of the size and potential of Pancake Swap compared to other cryptocurrencies in the market.
  312

  156
• May 03, 2022 · 3 years ago
  The market cap of Pancake Swap is determined by the supply and demand dynamics in the market. As more people buy and hold Pancake Swap tokens, the price increases, leading to a higher market cap. Conversely, if there is a sell-off or lack of demand, the price and market cap may decrease.
  288

  96
• May 03, 2022 · 3 years ago
  As a leading decentralized exchange on the Binance Smart Chain, Pancake Swap's market cap is influenced by various factors. These include the trading volume, liquidity, user adoption, and overall market sentiment towards the platform. It's important to note that market cap can fluctuate and is subject to market conditions and investor sentiment.
  347

  87