Will This Crypto Explode Next?

The PancakeSwap price surged 38% in the last 24 hours to trade at $2.85 as of 3:40 a.m. EST on trading volume that soared 348% to $1.13 billion.

The CAKE price surge in the last day is only the latest uptick seen in the past week. Before it started rising, the token traded sideways just under the resistance at $1.45. Then, on Feb. 8, it managed to breach the resistance and climb to $2 by the next day.

This level held it from progressing until yesterday, when it finally broke it and skyrocketed to $3, even reaching $3.17 before its price was rejected. Now at $2.85, the token could soon retest the resistance at $3 and possibly break it, like it did with $2.

PancakeSwap Price Prediction

PancakeSwap’s Bollinger Bands have been following a pattern of gradual widening as the price increased, only to then see a sharp narrowing once it reached a resistance. Then, as it overcame the obstacle, the bands would widen again.

Right now, the bands are seeing a narrowing as the barrier at $3 continues to prevent it from moving further up. However, it is possible that the resistance will be breached, in which case the pattern is likely to continue.

CAKE/USD 15-minute chart (Source: TradingView)

A similar pattern was observed when it comes to the project’s Relative Strength Index (RSI), which spent the last 24 hours fluctuating between the value of 80, deep in the overbought zone, and the neutral value of 50.

In fact, right now is the only time in the last 24 hours that the RSI dipped below 50. However, this could result in traders doubling down on CAKE and pumping its price back up, potentially breaching the resistance at $3.

Promising Alternative To PancakeSwap

While PancakeSwap could see another price increase soon, many investors are looking for more promising alternatives — cryptos that could blow up much higher, such as Best Wallet (BEST).

Best Wallet is a new crypto wallet that launched last year, offering some of the most advanced wallet features available. It is a multi-chain, multi-wallet, non-custodial tool that every crypto user should consider getting.

Being multi-chain, Best Wallet supports multiple blockchains — over 60 of them — allowing its users to store thousands of different cryptocurrencies. And, as mentioned, it is also multi-wallet, allowing users to connect other wallets to the app to manage them all from one place. Finally, being non-custodial ensures that you and no one else can access your funds.

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While inside the wallet, you can buy, store, deposit, send, swap, sell, stake, spend, and secure your coins and tokens without ever leaving the wallet. Other than that, it also has a native launchpad where you can join high-potential crypto presales. Some of the ICOs that already launched here ended up seeing major price boosts upon going live.

One of the offered tokens right now is its native cryptocurrency, BEST. While currently in ICO, BEST will eventually go live, and it will be deeply integrated with the wallet and tied to all of its features. It will also bring some unique benefits that investors will definitely want to have, such as transaction fee discounts, increased staking rewards, the ability to invest in new projects early, and access to Best Wallet’s governance.

Right now, the token is selling for only $0.023975, and its ICO has already raised over $9.78 million, approaching the $10 million mark. ClayBro, a crypto YouTuber with over 136k subscribers, believes that BEST’s price will blow up after going live due to how advanced and popular Best Wallet will be.

Buy BEST here before the next presale price hike in 33 hours.

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