PlayToEarn, a leading Web3 games data aggregator, ranked the ten most popular PlayToEarn games on August 6. Pancake Protectors, using the CAKE token, is at the top of the list, and Axie Infinity is a distant second. NANITE is third, followed by The Sandbox and Illuvium. The top 10 are Celeros, Chibi Clash, Lumiterra, IN, and SHRAPNEL.
About Pancake Protectors
Pancake Protectors is a free-to-play tower defense game in collaboration between PancakeSwap and Mobox, the PvP GameFi protocol. The best players can get up to 10,000 CAKE in rewards.
The game aims to find the best position for your heroes on the map. The players must decide when to use their power-up attacks and in which directions.
Players of Pancake Protectors must recruit a reliable team of heroes to defend the Base Camp from the enemies. The game runs on a two-week season settlement, refreshing the leaderboards each season.
Players gain additional advantages when using CAKE tokens for enhancements and buying NFTs.
Players get back 70% of the CAKE tokens they spend in the game through seasonal rewards. The network burns 12.5%. Mobox receives 5% of the tokens; the remaining 12.5% goes toward future developments.
CAKE price prediction
CAKE is currently trading for $1.47, up 11.92% in the last 24 hours. Technical indicators present a conflicting view of the direction the price may take. Oscillators indicate a buy, and moving averages indicate a strong sell.
The Relative Strength Index (14) is 24.57, suggesting that CAKE is significantly oversold. CAKE has been subject to substantial selling pressure, and a reversal or a bounce-back in price could be imminent. Traders could view this as a potential buying opportunity.
The low RSI also reflects weak price momentum and bearish market sentiment. It indicates that CAKE has experienced a significant price decline.
On the other hand, the 200-day EMA is at 2.497, while the 50-day EMA is at 2.01. This suggests that the longer-term price trend is stronger than the shorter-term one. The trend tends to be a bearish signal, indicating that the market has been in a downtrend. CAKE has formed a “death cross.”
