Kane PepiPancakeSwap is now regarded as the go-to decentralized exchange for coins operating on the Binance Smart Chain. After all, the exchange – which is now home to thousands of projects, is used by more than 2.2 million traders.
In this guide, we rank and review the seven best coins on PancakeSwap that investors might consider exploring for their portfolios today.
The 7 Best Coins to Buy on PancakeSwap in 2023
After countless hours of research, we identified the seven projects below as the overall best coins on PancakeSwap.
- Battle Infinity – Metaverse and Gaming Platform Recently Raised $5 Million in Presale Funding
- Lucky Block – Undervalued NFT Competition Platform With Attractive Upside
- DeFi Coin – Global DEX That is in the Early Stages of Development
- BNB – De-Facto Currency for Trading Coins on PancakeSwap
- CAKE – PancakeSwap’s Native Digital Asset
- PirateXPirate – P2E and Metaverse Game Based on a Pirate Theme
- STEPN – Web 3.0 Lifestyle App and Promising BSc Coin
We explain, in the following sections, why we view the seven projects listed above as the best coins on PancakeSwap to buy today.
A Closer Look at the Best Coins on PancakeSwap
Listing a coin on PancakeSwap requires no formal application or KYC process.
The reason for this is that PancakeSwap is a decentralized exchange and as such, any project can elect to list its coin on the platform. Therefore, it is crucial that investors conduct suitable research into a coin before making a purchase.
Below, we take a deep dive into the seven best coins on PancakeSwap.
1. Battle Infinity – Metaverse and Gaming Platform That Recently Raised $5 Million in Presale Funding
Overall, we found that Battle Infinity could become one of the best coins on PancakeSwap. At the time of writing this guide, Battle Infinity is just days away from its much-anticipated listing. Most importantly, Battle Infinity recently completed its 90-day presale campaign in just 24 days.
The project managed to raise its 16,500 BNB hard cap in its entirety – which equates to over $5 million. Perhaps the main reason why the Battle Infinity presale was so successful is that it is building a highly innovative ecosystem that will function within the metaverse.
One of the first products to launch will be the Battle Infinity fantasy sports game. The IBAT Premier League, as it is branded, will cover a wide range of sports – starting with cricket and closely followed by soccer. The main concept is that players will be required to purchase an NFT pass before building a team of players that operate in the respective sport.
When each player performs a certain accomplishment – such as scoring a century in cricket or a hattrick in soccer, this will bode well for the number of points accumulated by the Battle Infinity user. And, in the case of this growing project, points directly translate into prizes. This is because the IBAT Premier League distributes crypto rewards to successful players.
IBAT will not only trade on PancakeSwap and a full host of centralized exchanges but via its own DEX. Battle Infinity SWAP will enable users to buy or sell IBAT tokens without going through a third-party platform. There will also be a decentralized marketplace for NFTs, some of which can be earned within the Battle Infinity metaverse.
Other products to be offered by Battle Infinity include a staking feature and additional P2E multiplier games. Back to the presale, IBAT was priced at just $0.0015 per token. Its PancakeSwap listing price will be determined by market forces – as is typically the case with newly launched projects.
To get minute-by-minute updates on the PancakeSwap listing time and date, be sure to join the Battle Infinity Telegram group.
Additional information about the project and its team of developers can be found on the Battle Infinity website and within the whitepaper.
2. Lucky Block – Undervalued NFT Competition Platform With Attractive Upside
Lucky Block is perhaps the best coin on PancakeSwap right now in terms of live listings. In fact, Lucky Block and its LBLOCK token are arguably one of the most notable success stories of 2023. Before listing on PancakeSwap in January 2022, LBLOCK went through a presale campaign.
During which, the token was priced at just $0.00015. The presale hard cap total was reached 11 days early, subsequently raising more than $5 million worth of BNB. Just a few days after the presale, LBLOCK was listed on PancakeSwap – which resulted in the token going through a rapid upward trend.
Just a few weeks later, LBLOCK had increased in value by more than 6,000% to reach highs of $0.009. Unfortunately for this top-rated project, the broader crypto bear market resulted in LBLOCK declining back to the $0.001 level. On the flip side, this gives those that missed out on the post-presale trajectory to buy LBLOCK at a favorable price.
Considering its current pricing levels, an upside back to the $0.009 mark would result in gains of over 800%. With that said, investors will need to be patient, as Lucky Block is still in the early stages of its roadmap objectives. Nonetheless, the main concept of this project is that Lucky Block is operating an NFT competition ecosystem.
This is built on top of the blockchain protocol, which not only ensures that all competition draws are 100% random and fair but transparent. Some of the most notable competitions listed on the Lucky Block include VIP tickets to the FIFA world cup, a $1 million UK-based home, and a $1 million allocation of Bitcoin.
Once the user knows which competition they wish to partake in, they will need to purchase a unique NFT from the respective collection. Each collection minted by Lucky Block is related to the specific competition draw. In buying a Lucky Block NFT, users will earn crypto rewards via the LBLOCK token for as long as it remains in the user’s wallet.
Crucially, this will be the case regardless of whether the NFT holder wins the competition. Another important point to mention about Lucky Block is that its V1 token operates on the Binance Smart Chain, which is why it makes our list of the best PancakeSwap coins. However, the project also has a V2 token that operates on Ethereum.
As a result, Lucky Block is also aiming to become one of the best coins on Uniswap.
Read More: What is the best crypto to buy in the crash?
3. DeFi Coin – Global DEX That is in the Early Stages of Development
DeFi Coin is the native digital currency of DeFi Swap – which is an innovative and user-friendly decentralized exchange. While the exchange is still in its beta testing mode, there is much to like about what has been shown to the public so far. First and foremost, DeFi Swap and DeFi Coin operate on the Binance Smart Chain.
This means that DeFi Swap will enable users to exchange one Binance Smart Chain token for another, without needing to register any personal details or upload KYC documents. As per the DeFi Swap roadmap, its exchange will eventually offer cross-chain compatibility. In a nutshell, this means that users will be able to trade tokens from different networks and blockchains.
As a decentralized exchange, DeFi Swap does not require a seller to be present during the trade. Instead, all trades are facilitated by liquidity pools. Anyone can add funds to a DeFi Swap liquidity pool and in doing so, will earn an attractive APY for as long as the funds remain locked in the respective smart contract.
Another way to make passive income on the soon-to-be-launched DeFi Swap is via staking. As an example of the types of yields on offer, users can stake the platform’s native token – DeFi Coin, to earn an APY of up to 75%, making it one of the best DeFi coins. Additional products and features connected to the growth of decentralized finance will be making their way to the DeFi Swap exchange.
As per the whitepaper, this will include a decentralized NFT marketplace, alongside a fully-fledged app for iOS and Android. DeFi Swap will also be building an education hub to help newbies learn the importance of decentralized finance. Those interested in adding DeFi Coin to their portfolio can still do so at a favorable entry price before DeFi Swap launches to the public.
Therefore, DeFi Coin is one of the best coins on PancakeSwap to consider today.
4. BNB – De-Facto Currency for Trading Coins on PancakeSwap
Cryptocurrencies that trade on PancakeSwap – such as the previously discussed Battle Infinity and Lucky Block, operate on top of the Binance Smart Chain. In turn, all trades that take place on PancakeSwap must be conducted in the respective network’s native currency – BNB. As a result, BNB remains one of the best coins on PancakeSwap.
Otherwise, without having BNB stored in a private wallet, investors will not be able to trade on the DEX. With that being said, BNB is worth considering for reasons above and beyond just having access to top coins on PancakeSwap. After all, BNB is one of the most successful crypto projects of all time and it consistently ranks in the top five coins for market capitalization.
In terms of historical growth, BNB was launched in late 2017 and has since generated gains of several hundred thousand percentage points. Like many other tier-one digital currencies in this space, BNB has been severely impacted by the broader crypto bear market.
As of writing, BNB is trading at a price that is nearly 50% lower than its previous all-time high. Should investors believe that BNB will eventually recover, this project could be one of the best crypto winter tokens to buy at a discount. Binance also burns BNB tokens on a regular basis, which reduces the overall supply and thus – this digital asset is deflationary in nature.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
5. CAKE – PancakeSwap’s Native Digital Asset
While BNB is the native token of Binance, CAKE backs the PancakeSwap exchange. Considering that PancakeSwap attracts billions of dollars worth of trading volume each and every month, CAKE is a crypto asset to keep a close eye on. Primarily, CAKE was designed as a governance token.
This means that by holding CAKE, users have the opportunity to vote on key proposals. This could be related to a new product or service that PancakeSwap wishes to add to its platform, for instance. CAKE has since expanded its use case and thus – it also operates a utility token.
One such example is that CAKE can be used to generate passive income. For instance, by depositing CAKE into a locked syrup pool, investors can earn an APY of up to 79%. This passive income is popular considering that the average lock duration is 38 weeks.
CAKE can also be used to enter lotteries on the PancakeSwap exchange. Crucially, however, the value of CAKE will rise and fall like any other cryptocurrency. According to CoinMarketCap, CAKE carries a 52-week high of just over $26. As of writing, CAKE is trading at more than 80% below this pricing point.
6. PirateXPirate – P2E and Metaverse Game Based on a Pirate Theme
Next up on our list of the best coins on PancakeSwap is PirateXPirate. This project was launched in mid-2022 and thus – it is one of the newest coins in this marketplace. As the name suggests, the game is centered on a pirate theme – where players are tasked with building a fleet of ships that are operated by various types of crew members.
Initially, the first phase of PirateXPirate operates on a PVE (player vs environment) basis. This means that players can explore the PirateXPirate world with their crew and subsequently enter battles against the underlying algorithm. This is fully backed by smart contracts to ensure that gaming outcomes are 100% fair and transparent.
By entering battles, players can earn real-world crypto tokens – paid in the native currency of the project, PXP. The next stage of development – which is expected to be released later in August, will introduce the PVP (player vs player) model. This will enable players to enter battles with each other – which in many ways will take the project to the very next level.
In addition to winning PXP tokens, players will also have the capacity to find and earn unique NFTs. Each NFT has been uniquely created with the view of enhancing gameplay. PirateXPirate also offers an online marketplace that allows players to buy and sell NFTs. All in all, this is one of the best coins on PancakeSwap for those interested in metaverse gaming projects.
7. STEPN – Web 3.0 Lifestyle App and Promising BSc Coin
The next project to consider on our list of the best crypto on PancakeSwap is STEPN. In its most basic form, this project offers a so-called lifestyle app that rewards users simply for moving. The idea is that the STEPN app will encourage users to exercise. In terms of the specifics, users are first required to buy an NFT sneaker.
Each NFT sneaker comes with its own price – payable in the GMT token, which is native to STEPN. The more expensive the NFT sneaker, the faster it can rack up miles and points. Next, the user will need to ensure that they download the STEPN app and subsequently switch GPS tracking on.
And that’s it – as soon as the user begins to walk, jog, or run – they will begin to earn GMT tokens. This innovative business model has resulted in STEPN carrying one of the largest market capitalizations on the Binance Smart Chain. At the time of writing, the GMT token is trading at a huge discount of 75% when compared to its 52-week high.
Should Investors Buy Coins on PancakeSwap?
PancakeSwap is a decentralized exchange that supports cryptocurrency trading for tokens listed on Binance Smart Chain. Whether or not investors should buy coins listed on this exchange depends on the merits of the individual project.
Nonetheless, PancakeSwap does come with its pros and cons – which we discuss in more detail in the sections below.
Buy Coins Anonymously
One of the main attractions of decentralized exchanges like PancakeSwap is that it is not controlled by any single person or entity. Instead, this type of crypto exchange is governed autonomously by smart contracts.
As a result, after searching for the best tokens on PancakeSwap, investors will not be required to open an account to complete their purchase.
Instead, the investor only needs to connect a wallet to PancakeSwap that is compatible with the Binance Smart Chain – such as MetaMask or Trust Wallet.
This means that investors can trade anonymously, with no requirement to register an account or go through a KYC process. This will appeal to investors that do not feel comfortable giving sensitive information to a centralized crypto exchange.
Access to Thousands of New Projects
The Binance Smart Chain is often the go-to place for newly launched crypto projects like Battle Infinity.
There are many reasons for projects to favor the Binance Smart Chain over other networks like Ethereum – especially when it comes to the speed and cost of transactions.
Moreover, the process of listing on PancakeSwap is burden-free for projects, which is in line with the exchange’s commitment to decentralization.
This means that crypto investors now have access to thousands of coins via a single exchange. And, many of these projects are at the very start of their roadmap journey – meaning that the respective token is likely trading with a small market capitalization.
Therefore, some of the best coins on PancakeSwap will appeal to growth investors that like to gain exposure to a project early.
PancakeSwap Often Follows a Presale
The standard process for newly launched blockchain projects is to first offer their native coin with the aim to offer one of the best crypto presales. This will offer a limited number of coins at a discounted price, as a means to raise capital before the official launch.
- For example, Battle Infinity recently raised 16,500 BNB via its presale launch – with the campaign selling out the entire hard allocation in just 24 days.
- In turn, Battle Infinity will list its IBAT token on PancakeSwap.
- Due to the presale campaign doing so well, there is every chance that the PancakeSwap listing will appeal to those that missed out.
Ultimately, newly launched coins will often attempt to strike while the iron is still hot, insofar that they aim to capitalize on a successful presale campaign by listing straight on PancakeSwap.
Slightly More Challenging Than Using a CEX
Although some of the best coins on PancakeSwap that we have discussed today offer the opportunity to invest in new crypto projects, it should be noted that the investment process is ever-so-slightly more cumbersome than using a centralized exchange (CEX) – at least for beginners.
The reason for this is that PancakeSwap, as a decentralized exchange, does not have the legal remit to accept fiat money. As such, investors will need to ensure that they first have a wallet that connects to the Binance Smart Chain and that is funded with BNB.
Nonetheless, as we explain in the next section – the process of buying coins on PancakeSwap is simple enough once the investor understands the basic steps required.
How to Buy Crypto on PancakeSwap
Investors learning how to buy coins on PancakeSwap for the very first time might appreciate the beginner-friendly guide outlined below.
The following walkthrough uses Battle Infinity (IBAT) as an example of how to complete the PancakeSwap trading process in less than 10 minutes.
Step 1: Get BSc Compatible Crypto Wallet
As we noted earlier, in order to access the best new coins on PancakeSwap, investors will first need to ensure that they have a crypto wallet that connects to the Binance Smart Chain.
There are many options in this regard, but first-time investors might find that MetaMask is a good fit.
The reason for this is that MetaMask:
- Offers a very user-friendly interface
- Is used and trusted by more than 30 million crypto investors
- Can be downloaded as a browser extension for Chrome, Firefox, and Edge
- Is also accessible via a mobile app for iOS and Android
To get the ball rolling, the investor will need to download MetaMask to their preferred browser and set the wallet up by creating a strong password.
Step 2: Get BNB
Those that already have BNB can move on to the next step.
If not, the investor will need to ensure that they buy BNB tokens. This will enable the investor to buy any coin that is listed on PancakeSwap.
According to CoinMarketCap, more than a hundred exchanges and brokers list BNB – so investors have plenty of options. Those that wish to buy BNB quickly can do so with a credit or debit card.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
Step 3: Add BSc Network to MetaMask
When opening MetaMask for the first time, the wallet is automatically configured to connect to the Ethereum network. As such, the user will now need to add the BSc network to MetaMask.
Elect to add a new network via the settings dashboard and paste in the following data:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
The investor can now copy their unique BSc wallet address. Go to the location where the BNB tokens are stored and transfer the funds to MetaMask. This can be done by pasting the previously copied BSc wallet address.
Step 4: Connect MetaMask to PancakeSwap
The investor should now have BNB in their MetaMask wallet. This means that the investor can now proceed to buy their chosen coins on PancakeSwap.
Visit the PancakeSwap website and click on ‘Connect Wallet’. Choose MetaMask from the list of supported wallets to proceed to the next step. MetaMask will likely ask the investor to confirm the connection to PancakeSwap.
Step 5: Search for Coin to Buy
Now that the MetaMask wallet is connected to PancakeSwap, the investor can search for the coin that they wish to buy on PancakeSwap.
After clicking on ‘Trade’, the investor is advised to paste in the contract address for the respective project. The reason for this is that scammers will often add a fake coin to PancakeSwap, with the view of tricking investors.
For example, those looking to buy Battle Infinity can paste in the following contract address:
0x19cd9b8e42d4ef62c3ea124110d5cfd283ceac43
Note: Investors should get the contract address directly from the project website or Telegram group.
Step 6: Buy Coin on PancakeSwap
The final step is to create an order on PancakeSwap. This requires the investors to specify the number of coins they wish to buy. Just remember that the ‘Pay’ currency is BNB.
As such, it is a good idea to enter the number of BNB tokens that the investor wishes to swap for their chosen coin. After confirming the order on PancakeSwap, the investor will need to authorize the token swap on MetaMask.
After that, the newly purchased coins will appear in the user’s crypto wallet within a couple of minutes.
Conclusion
This guide has ranked the seven best coins to buy on PancakeSwap. In addition to Lucky Block and DeFi Coin, other notable options to consider include BNB, CAKE, and PirateXPirate.
Overall, however, we found that Battle Infinity is the best coin on PancakeSwap. This metaverse and NFT is one of the best play-to-earn games, which recently sold its entire presale allocation in just 24 days – raising more than $5 million worth of BNB along the way.
As such, the next step for this up-and-coming growth project is to attract new investors to the PancakeSwap exchange.
Battle Infinity - New Metaverse Game
- Listed on PancakeSwap and LBank - battleinfinity.io
- Fantasy Sports Themed Games
- Play to Earn Utility - IBAT Rewards Token
- Powered By Unreal Engine
- Solid Proof Audited, CoinSniper Verified
FAQs
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This article was written for Business 2 Community by Kane Pepi.
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