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UNI Price Surges by 2% while CAKE Price is Down by 93.22%. Which May Be the Best Bet Right Now?

UNI price vs CAKE price

Key Takeaways:

How High will PancakeSwap (CAKE) Price Go in May 2022 

CAKE price from nearly a year is maintaining a huge descending trend while the resistance and support levels appear to have dropped considerably.  However, after a brief consolidation, the price dropped hard by more than 50% since the beginning of the present day’s trade. Therefore, a significant upswing may be expected for the assets ahead.

The CAKE price has dropped heavily since the beginning of its trade when it was priced around INR 3000. However, these targets appear to be very hard for 2022. Yet the possibility of the price achieving INR 500 by the end of May’s trade emerge. Woefully, the asset may face rejection as it jumps above INR 500.

Check our prices, charts, and data of CAKE/USDT

How High will Uniswap (UNI) Price Go in May 2022 

After a deep fall from INR 3000 to as low as INR 970 in 2021, the price maintained a strong downward trajectory to reach the levels below INR 500 at the moment. No doubt the price is currently consolidating from the past couple of days, eventually, they may breakout towards the north. 

However, the strength of the rally seems to be pretty weak and hence no gigantic surge may occur, rather a minor spike, just to halt the bearish trend. Therefore, the UNI price could jump by another 30% to 40% as a notable buying pressure has mounted. And once the levels above INR 600 are reached, a notable rejection may drag the price lower again

Check our prices, charts, and data of UNI/USDT

PancakeSwap(CAKE) Technical Analysis 

Source: Tradingview

Additional Read: 5 Things Investors should do during a Crypto Market Crash

Uniswap (UNI) Technical Analysis 

Source: Tradingview

CAKE Vs UNI: Comparative Analysis

Comparison Basis  PancakeSwap (CAKE) Uniswap (UNI)
Launch date  September 2020 November 2018
Founders Anonymous Hayden Adams
Blockchain protocol  Binance Smart Chain Ethereum 
Token type  Native Governance
Use case Decentralized exchange Decentralized exchange
Market Cap* $901,011,980 $4,069,193,290
Circulation Supply** 186,702,967.73 CAKE 718,839,310.93 UNI
Consensus method Delegated PoS (proof-of-stake) and PoA(proof-of-authority) PoW (Proof-of-work)

MarketCap* and Circulation Supply** as of 24 May, 2022

Additional Read: CAKE vs UNI: Comparative Analysis

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