In summary
PancakeSwap (CAKE) surged by 55% as BNB’s market capitalization reclaimed its position over Solana, capitalizing on renewed interest in the ecosystem.
Mantra (OM) achieved a new all-time high, leading the Real World Assets (RWA) sector with an impressive 94% monthly surge amidst the sector’s 144% growth.
Space ID (ID) is showing signs of recovery, with a potential golden cross formation signaling bullish momentum towards $0.47 if resistance is broken.
Promo
Trade on BYDFi for a chance to win an iPhone 16, Rolex watch, and more!
BNB coins are experiencing strong growth, with PancakeSwap (CAKE), Mantra (OM), and Space ID (ID) all making significant moves in the past week. CAKE has surged by 55% as BNB’s market capitalization reclaimed its position over Solana, benefiting from renewed interest in the ecosystem.
OM continues to lead the Real World Assets (RWA) sector, reaching a new all-time high amidst a 144% surge across the industry. Meanwhile, ID is attempting a recovery after a challenging month, and if a “golden cross” pattern forms, it could propel the price higher, further bolstering the performance of BNB coins.
PancakeSwap (CAKE)
CAKE has increased by 55% in the past seven days as BNB’s market capitalization surpassed that of Solana. This price surge follows Binance founder CZ’s active promotion of the chain and BNB’s shift towards an “AI-first” approach.
This renewed interest has fueled demand for BNB coins, with CAKE capitalizing on this momentum
PancakeSwap remains the largest dApp on BNB, generating over $74 million in fees in the past week. Over the last seven days, it has become the third most profitable protocol in the cryptocurrency space, trailing only Tether and Meteora.
If the momentum continues, CAKE could rise to challenge the $3.41 resistance level. A breakout could propel the price even higher, but if the trend reverses, it could decline to $2.15. Losing that support could pave the way for a drop to $1.35.
Mantra (OM)
Mantra (OM) has increased by 27% in the past seven days and 94% in the past 30 days.
This price surge comes as the broader Real World Assets (RWA) sector is experiencing growth, having increased by 144% in the last three months. OM remains one of the top-performing coins in this burgeoning ecosystem.
Its price has reached a new all-time high in recent days, indicating strong bullish momentum.
If the upward trend continues, OM could soon surpass $8, further extending its gains. However, if momentum wanes, the price could retreat to $6.47, with the possibility of further declines at $5.7 or even $5.27.
Space ID (ID)
Space ID (ID) is one of the leading coins in the Digital Identity sector and has increased by over 11% in the past seven days. Despite this short-term recovery, it remains down by 31% over the last 30 days.
Its market capitalization currently stands at $273 million as it attempts to regain momentum.
The price chart indicates that ID may be forming a “golden cross,” a bullish signal that could drive further gains. If this occurs, ID could challenge the $0.37 resistance level, and a breakout could propel it to $0.47, its highest point since mid-January.
However, if the trend reverses, ID could decline to $0.28, with the possibility of further drops at $0.25 or even $0.23.
All information on our website is published in good faith and for general information purposes only. Any action you take upon the information found on our website is strictly at your own discretion and risk
Read more: If you need a product to assist with tax issues and portfolio management in crypto, check out CoinLedger
