These 3 Altcoins on Binance Smart Chain Could Skyrocket, Says Lark Davis

Popular crypto YouTuber Lark Davis talked about Binance Smart Chain (BSC) many opportunities for investors. With its low fees and fast transactions, Davis believes this ecosystem provides the kind of experience that the people want.

BSC flagship product PancakeSwap (CAKE) has given its competitor a run for their money and even managed to “eclipse Ethereum” in terms of transaction volume, according to Davis.  The analyst cited data from DappRadar that claims BSC outperformed Ethereum on this metric, at least for a 24-hour period.

Binance Smart Chain BNB CAKE

PancakeSwap experienced an all-time high number of users during the past week and registered some issues due to the high congestion. Davis said:

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Binance Smart Chain hit a an all-time of 8.5 million transactions. I think it is pretty obvious what we are seeing right here. People want exposure, they want to get into DeFi. They want to get into crypto and use the different products.

The analyst reiterated Ethereum’s disadvantages and the high number of users that have been price out of the platform. When it comes to adoption, the “numbers speak for themselves”. PancakeSwap’s native token trading volume sits at $1.1 billion in the daily chart. Ethereum DEX Uniswap record a similar number but has been lagging behind its competitor. David added:

I suspect that we’re going to continue to see Pancakeswap moving up the charts and becoming a more and more prominent decentralized exchange. The users are there. The daily volume’s there. Just the market cap is a bit behind in comparison to Uniswap which only does half the daily volume right now.

Binance Smart Chain (BSC) Expansion And New Opportunities

This ecosystem is anything but static and will be making an entry into other crypto trends, like non-fungible tokens (NFT). For that, they will launch the BSC Station to allow users to do auctions for these assets to a “wide” audience. The platform will also integrate a BSC Swap feature along with the NFTs.

This development will be supported by Morningstar Ventures, NGC, BSCPad, x21, and many others. Its growth could positively impact PancakeSwap (CAKE), and the other projects on Davis’ list, Refinable (FINE), and Smoothy Finance (SMTY).

Refinable seeks to leverage the NFT’s nascent period. Davis believes this project could “get a good share of the market”. The platform is supported by Mr. Beast, a YouTuber with 60.4 million subscribers, in cooperation with Binance.

The platform’s native token FINE will give power to their holders, the NFTs creators trading on Refinable. For example, FINE holders can increase the royalties and distribution of an asset and participate in the governance model.

Davis’ second project, Smoothy Finance (SMTY) is also doing some “serious stuff”. Users can leverage their swap feature with 0 slippages to trade different dollar-pegged coins. Davis added:

(…) this is the infrastructure that actually allows DeFi to work in a smooth fashion for people. It allows it to be a good user experience where you’re not getting crushed on fees, you’re not getting crushed on slippage and so this kind of product actually allows users to have that nice user experience.

Binance native token BNB is trading at $500 moving sideways in the daily chart. In the weekly and monthly chart, BNB has a 3.1% loss and a 113% gain in respectively.

Binance Smart Chain BNB CAKE PancakeSwap


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PancakeSwap Approves “Big Burn” For CAKE, Why It Could Be Massively Bullish

Centralized and decentralized exchanges are stepping up their game, with the upcoming launch of Uniswap v3, competition in the sector is bound to be fierce. PancakeSwap’s second iteration is also around the corner. CAKE holders will be able to profit.

In a recent vote, PancakeSwap’s community decided to approve a feature called the “Big Burn”. Therefore, after April 23rd “Great Migration” the exchange will buy back and burn more CAKE “than ever before”. Every trade in PancakeSwap v2 will “contribute” to this mechanism.

The exchange’s daily trading volume sits at around $4 billion. According to the recently approved burn mechanism, this figure will be multiple by 0.05%. As a result, around 2.2 million CAKE could be buyback and burned each day. If PancakeSwap maintains its current daily trading volume, its native token buying pressure could skyrocket for the benefit of investors.

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Analyst Vivian Medithi published an article on Nasdaq making some bullish predictions on CAKE. At that time, CAKE was trading at $21.26 following a 1,200% year-to-date rally in February. The analyst highlighted the bearish sentiment of some investors and the token’s capacity to prove them wrong.

Medithi quotes Coinpedia, Wallet Investor, and Digital Coin to backed up a bullish case for this token. The predictions place CAKE between $44 to 80 by the end of 2021. Next year, CAKE could trade for $150 and $280 by 2026. These predictions were made before the “Big Burn” was approved and don’t take into account the new potential increase in buying pressure.

What’s PancakeSwap “Great Migration”?

Tomorrow at 5:00 am UTC, the “Great Migration” will take place on PancakeSwap. Due to the upcoming update, the exchange’s smart contract PancakeSwap Router and PancakeSwap Factory required a change in their feed structure. CAKE holders can vote to modify this component.

They were presented with 4 options: Split (increase trading fee to 0.22%), Burn (0.22%), Big Split (0.25%), and Big Burn (0.25%). As mentioned, users opted for the latter which also provides a 0.17% fee for liquidity providers and keeps PancakeSwap’s fee below the “tradition 0.3%” used by their competitors, according to an official post. The migration will also add the following:

(…) we’re creating a new set of LP Tokens, and our farms and exchange will start supporting the new type instead of the old ones.

Investors with tokens on this exchange should be aware that they will stop receiving rewards for the “old type of LP Tokens. Instead, the rewards will shift to the new ones. Users must take their tokens out of all PancakeSwap’s products and add liquidity with the new token to re-stake in new farms to maintain their rewards. The team behind the exchange added:

We’ll also make a new set of farms with the same rewards and token pairs as the old ones. The old farms will stop giving out rewards, so you’ll need to transfer to the new ones to keep farming yield.

CAKE is trading at $26,85 with a 2.9% loss in the daily chart. In the weekly and monthly chart, CAKE has 17.1% and 144.9% profits, respectively.



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PancakeSwap Gunning For Uniswap as CAKE Hits $20 ATH

PancakeSwap, the DEX that bills itself as a faster and cheaper alternative to UniSwap, hit an all-time high today of $20.69. The total value locked in the Binance Smart Chain (BSC) also hit an all-time high recently, at $24.4bn.

The platform has been operational for half a year, compared to two and a half years for UniSwap. Considering its success, in a comparatively short time, should UniSwap be concerned?

PancakeSwap vs. UniSwap: Battle of DEXes

Although DeFi is associated with Ethereum, where DeFi activity occurs, excessive gas fees have opened up demand for cheaper alternatives. Enter PancakeSwap.

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PancakeSwap is a decentralized exchange (DEX) running on the BSC. It uses an automated market maker (AMM) model to fulfill orders instead of the order book model that matches buyers and sellers as seen on traditional exchange platforms.

Code analysis shows PancakeSwap is a copy of UniSwap, with several lines still referring to UniSwap. Ethereum maxis have labeled the platform a rip-off. However, proponents of open source code say it’s fair game.

Nonetheless, PancakeSwap includes additional features not found on UniSwap. Not only is it possible to stake liquidity provider tokens to earn CAKE, but it’s also possible to stake CAKE to earn more CAKE or other BEP20 tokens. Currently, most of the APYs on offer are over 100%, with FOR Pool now yielding the highest at 123.71%.

Both have similar volumes and market share, with UniSwap edging ahead on both counts and pulling forward substantially regarding the number of markets available. But the fundamental difference comes down to cost.

UniSwap vs PancakeSwap metrics

UniSwap vs PancakeSwap metrics


PancakeSwap fees are paid in BNB with trades costing cents, a marked difference compared to UniSwap, where peak congestion times equate to eyewatering charges. This becomes particularly apparent for users making lower-value transactions.

Binance Smart Chain is Not Decentralized

BSC uses a version of PoS called Proof-of-Authority (PoA). This essentially means three-second block times for quicker transaction settlement and lower fees as there is little network congestion.

“Proof of Authority (PoA) is a modified form of Proof-of_Stake (PoS) where instead of stake with the monetary value, a validator’s identity performs the role of stake.”

Add to that compatibility with the Ethereum network, and there are compelling reasons for users and devs to shift to BSC. Over 63mn unique addresses are currently using the network. With mid-February seeing a vertical uptake of users coming on board.


However, critics say BSC is not true DeFi as Binance manages the network nodes. This also means the network has a single point of failure. Then again, the real crux of the matter is that users tend to care more about yields and low fees than decentralization.

Can PancakeSwap and BSC take over? Well, crypto is not necessarily a zero-sum game. All platforms can likely flourish together.

PancakeSwap chart

PancakeSwap chart

Source: CAKEUSD on


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