• V3 launch’s hype was not enough for CAKE to paint its chart green during the bull run.
• Metrics were bearish, which decreased the chances of a trend reversal in the near term.

PancakeSwap [CAKE] is all set to release its latest version on 14 April, which might play a role in increasing the network’s transactions. According to Dune, CAKE’s number of transactions has taken a sideways path lately.

Read PancakeSwap’s [CAKE] Price Prediction 2023-24

In preparation for the V3 launch, PancakeSwap recently posted a new proposal for a Space ID Farm. This comes after CAKE announced its integration with SpaceID earlier on 24 March 2020.

More than 400,000 users will be able to view .bnb domains on BSC PancakeSwap as a result of the integration.

We are proud to announce an integration with @SpaceIDProtocol!

>400k users can now view their .bnb domains on BSC PancakeSwap

Check it out under “Wallet” or “Your Profile” in the top-right corner here: https://t.co/yqaHeMmRlY

More to come… pic.twitter.com/EcSVEj6zDc

— PancakeSwap #Multichain (@PancakeSwap) March 24, 2023

What’s the new proposal all about?

As per the latest voting proposal, to find, register, trade, and manage web3 domains, Space ID is developing a complete name service network with a single identification platform.

As part of the preparation for CAKE’s v3 rollout, this proposal will also increase APRs for certain pairs across PancakeSwap.

Vote for free We have a new proposal!

Vote for a new Space ID (...

source: https://ambcrypto.com/pancakeswap-cake-was-left-alone-in-bull-rally-will-the-v3-launch-help/