Pancake Protectors, a Free-to-Play Tower Defense Game, Tops PlayToEarn's List of Most Popular P2E Games

PlayToEarn, a leading Web3 games data aggregator, ranked the ten most popular PlayToEarn games on August 6. Pancake Protectors is at the top of the list

Web3 games data aggregator PlayToEarn ranked the ten most popular PlayToEarn games on August 6. Pancake Protectors, a tower defense game that utilizes the CAKE token, topped the list, followed by Axie Infinity in a distant second place. NANITE, The Sandbox, and Illuvium also made the top five.

Rounding out the top 10 were Celeros, Chibi Clash, Lumiterra, IN, and SHRAPNEL.

Pancake Protectors is a free-to-play tower defense game that resulted from a collaboration between PancakeSwap and Mobox, a PvP GameFi protocol. The game allows top performers to earn up to 10,000 CAKE in rewards.

In the game, players must strategically position their heroes on the map and decide when to use their power-up attacks and in which directions. The objective is to protect the Base Camp from enemies.

To participate, players must assemble a team of heroes and prepare for battle. The game features two-week season settlements with refreshing leaderboards.

Utilizing CAKE tokens for enhancements and purchasing NFTs grants players additional advantages.

The game burns 12.5% of the CAKE tokens, Mobox receives 5%, and another 12.5% is allocated for future developments. Players can recover up to 70% of the CAKE tokens they spend through seasonal rewards.

CAKE Price Now

CAKE is trading at $1.47 at the time of writing, up 11.92% over the past day. Technical indicators on different timeframes present a conflicting view of the price direction. Oscillators indicate a buy, while moving averages suggest a strong sell.

The Relative Strength Index (14) indicates that CAKE is significantly oversold, with a value of 24.57. The indicator suggests that the price has experienced substantial selling pressure, and a reversal or a bounce-back in price could be imminent. Traders may view this as a potential buying opportunity.

A low RSI also reflects weak price momentum and bearish market sentiment. It indicates that the price has experienced a significant decline.

Meanwhile, the 200-day EMA is at 2.497, and the 50-day EMA is at 2.01. This indicates 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.”

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