Binance is quietly hoarding $CAKE and will revive PancakeSwap in the future.

What is being planned from an Onchain and database perspective?

$CAKE has shaken up all established holders after splitting 40x from its peak to $1. However, in early November, Binance began secretly hoarding funds again in preparation for a new cycle.

Firechart data shows that the gathering power in the market has reached $50 million and shows no signs of stopping. In the near future, $CAKE may fall further to collect more commodities. Currently, 10% of Binance’s total circulation has been recycled

Binance's hot wallet has recently moved a large amount of $CAKE, but since there is not enough liquidity to sell in the $4 to $1 price range, the price has become too low for distribution.

In 2023, BitTorrent Chain actively expanded its DeFi business and integrated many blockbuster projects, including Sushi, Spooky Swap and Kyber Swap. At the same time, the platform plans to work hand in hand with other solutions such as Pyth.network, Quick Swap and Graph in the coming months.

Important events in 2023

February 14th — — Sushi Swap was launched on BTTC and started liquidity mining

April 12th — — Cross-chain flash exchange platform SWFTAll Chain Bridge officially supports BTTC

July 12th ———Bittrex Global exchange launches functional token BTT

Hello Community! Yesterday was a super great day and feel very happy to have been able to obtain $ALT Tokens through the LaunchPool that Binance held!I will tell you about my experience, prediction price and my profits obtained by staking money that I had static! Having obtained more than 100 $ALT Tokens was impressive, maintaining a stable lateral trend of $0.30, would be talking about more than 10% profit by having participated in the LaunchPool Staking. January 25, 2024, key date for the listing on the best Binance exchange of the AltLayer token, maintaining a price between $0.25 and $0.30, seemed to me to be a successful launch!! Doing a little research, this initiative has been in development since 2022 and the first users obtained many benefits with certain products. In my personal opinion  my prediction on short term -$ALT could be traded between $0.35 and $0.43, so if you entered early, acquiring this token is a matter of holding a little longer. Let me explain a little about what this great project is about and what will maintain its profitability over time. AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.ALT is AltLayer's native utility token and is used in the following functions:Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.Governance: ALT token holders can vote on governance decisions.Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively.AltLayer’s investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.✅Twitter (520k followers) ✅Discord (660k members)In addition to all these benefits, it has an NFT collection launched in 2022 that maintains asset prices around 1.4ETH. In short the community behind AltLayer is super solid and its future is promising. Its price in just one day has been between $0.25 and $0.27 with a stable trend, which confirms that it has the support of a community of investors with good performance!! Anyway, I see that ALT will be one of my favorite tokens in my portfolio. #AltLayer #TrendingTopic #tradingStrategy