PancakeSwap Goes Infinite: Major Rebrand and Upgrade Sends CAKE Price Soaring!

Hang onto your hats, crypto fans! PancakeSwap just dropped the bombshell we've all been waiting for: meet "PancakeSwap Infinity," a mind-blowing rebrand and upgrade to its DEX that's got everyone talking. And guess what? CAKE price is up a sizzling 3.5% as we speak!

PancakeSwap v4 No More: Welcome to Infinity!

Straight from the horse's mouth, PancakeSwap (CAKE) has kissed v4 goodbye and said hello to PancakeSwap Infinity. It's hitting the ground running on BNB Chain, but don't worry, they've got their eyes set on conquering other blockchains too. Buckle up, because the future is looking wild!

Rev Up Your Engines: Technical Upgrades Galore!

This rebrand isn't just a pretty face; it's packing some serious technical muscle. PancakeSwap Infinity is all about leveling up your trading game and giving liquidity providers the tools they need to dominate.

First up, they're giving you options, baby! With support for multiple liquidity pool types, you can pick the perfect strategy for you. Whether you're all about that concentrated liquidity life with CLAMM (Concentrated Liquidity AMM) or you're more of a LBAMM (Liquidity Book AMM) kind of trader, PancakeSwap Infinity has got you covered.

And get this: liquidity providers, you're now the boss of your own fee structure! No more being stuck with those boring fixed fee tiers. With PancakeSwap Infinity, you can choose between static fees that stay steady or dynamic fees that dance to the beat of the market and liquidity conditions. It's your world, you just gotta play in it!

But wait, there's more! They've slashed gas fees like a hot knife through butter. Creating pools is now up to 99% cheaper, and swapping native tokens like Ethereum (ETH) and Binance Coin (BNB) will cost you about 50% less gas than those pesky ERC-20 tokens. Your wallet's gonna thank you!

And for all you devs out there, PancakeSwap Infinity is rolling out "Hooks," external contracts that let you get creative with custom features like dynamic fees and trading discounts. The possibilities are endless!

CAKE Price: Sweet as Ever

While all this excitement is going down, PancakeSwap's native token CAKE is trading at a tasty $2.12, up 3.15% in the last 24 hours. It's cruising above both the 20-day EMA and 50-day SMA, with a neutral momentum that's got a slight bullish bias. The RSI is sitting pretty at 51.36, so keep your eyes peeled for more sweet gains!