Recent partnership announcements in the cryptocurrency market have captured the attention of investors, resulting in price increases for many altcoins. The latest partnership news comes from PancakeSwap, which experienced a surge of over 10% in the price of its native token, CAKE, following an announcement of collaboration with Google Cloud.
PancakeSwap revealed that it has integrated Google Cloud’s services into its platform, utilizing the cloud solutions to handle high traffic and scale effectively. This move demonstrates PancakeSwap’s commitment to meeting its platform’s growing needs.
In the past period; Flare (FLR), Near, Polygon (MATIC), and Celo have also announced a similar partnership. After the PancakeSwap announcement, a rapid increase was seen in the CAKE price. CAKE price, which was traded at $ 1.44 during the day, saw the levels of $ 1.52 after the announcement. CAKE is trading at $1.50 as of the time of writing.
The partnership announcement between PancakeSwap and Google Cloud resulted in a price surge of over 10% for PancakeSwap’s native token, CAKE.
PancakeSwap integrated Google Cloud’s services into its platform to handle high traffic and scale effectively.
Other altcoins such as Flare (FLR), Near, Polygon (MATIC), and Celo have also announced similar partnerships in recent times.