Burger, Banana, Pasta & more: Top 5 cryptos named after food items

Highlights

• Most cryptos have unique names to grab the attention of the investors. Some are technical, while some are totally inspired by the food you eat, such as Burger, Banana, Cake, Salmon, and Pasta.
• The crypto market’s total market cap on 8 July stood at US$944.52 billon, with a trading volume of US$71.4 billion.

The crypto markets have grown manifold in the last few years. Most cryptos have unique names to grab the attention of investors. Some are technical, while some are inspired by the food you eat, such as Burger, Banana, Cake, Salmon, and Pasta.

While a few of them have become well established, others though new are drawing decent attention from investors despite the volatility in the market. The crypto market’s total market cap on 8 July stood at US$944.52 billon, with a trading volume of US$71.4 billion

 Let us look at 5 cryptos that are named after tempting food items.   

PancakeSwap (CAKE)

PancakeSwap (CAKE) is primarily a Binance Smart Chain-driven protocol that allows users to swap tokens, mint them, and farm them to earn fees in return. Launched as a decentralised exchange, CAKE crypto can execute trades through smart contracts thereby eliminating the risks. It utilises the automated market maker (AMM) model, thereby allowing the usage of liquidity pools instead of order books. Users can add tokens to the liquidity pool and from there they can farm and stake the CAKE tokens to earn rewards.

The token over the past week or so has given the market participants positive returns of 6.9%. On 8 July, the token was witnessing a rally of 1.04% and was trading at US$3.20 with a volume of US$6,51,42,215 in the past 24 hours.

Banana (BANANA)

Banana (BANANA) crypto is yet another from the play-to-earn category, which was launched by the CyberKongz universe. As a 2D game, it was created in 2021 by an artist named Myoo. Within a short period, the BANANA token gained popularity due to its suitability as a profile picture on Discord and social media. The BANANA token gives CyberKongz the ability to yield 10 BANANA tokens per day for the next ten years. By burning the tokens BANANA, its users can personalise their characters in the game.

The BANANA crypto on 8 July was witnessing a positive uptrend of 1.17% and was trading at US$0.888649 with a 24-hour trading volume of US$4,580.74. The BANANA crypto had a fully diluted market cap of US$3,863,784 and 4,347,932 BANANA coins in circulation.

BurgerCities (BURGER)

Unlike popular demands, BurgerCities (BURGER) crypto was not launched by a popular retail food joint. Launched on the Binance Smart Chain protocol, the BURGER crypto acts as a governing token of BurgerCities. BurgerCities primarily is a DeFi and NFT protocol that aims to create a unified world of standardized metaverse world of Web3. The users of the BURGER crypto can play games and connect through its social platform at the same time they can earn extra income by staking the tokens.

The BURGER crypto has been so popular that it has given its investors returns of over 260% over the past week. However, the token wasn’t enjoying the same luck on 8 July as it was down by 15.22% according to CoinMarketCap. The 403-ranked token was trading at US$2.09 with a trading volume of US$22,30,84,183. The BURGER crypto had a live market cap of US$4,30,21,241 with 2,06,24,916 BURGER coins in circulation.

Pasta Finance (PASTA)

Pasta Finance (PASTA) is a DEX operating on the Binance Smart Chain and PancakeSwap exchange. It offers the users delicious farm yields that allow the users to earn tokens. Besides, it rewards users for holding the tokens in the long run.

The PASTA crypto on Friday witnessed a rally of 1.58% and was trading at US$0.001389 with a trading volume of US$343.94 according to CoinMarketCap. The 6784-ranked token had a fully diluted market cap of US$1,385 with a maximum supply of 10,00,000 PASTA coins

SalmonSwap (SAL)

SalmonSwap (SAL) is a decentralised exchange that allows its users to earn TRON crypto. Describing itself as a short-term and long-term interest of the liquidity providers, this community token offers rewards to liquidity providers, even if they withdraw their stake from the liquidity pool.

The SAL crypto on Friday was down by 5.59% and was trading at US$1.18 with a 24-hour trading volume of US$29.46. The SAL crypto boasted of a fully diluted market cap of US$589,646,732 with a maximum supply of 50,00,00,000 SAL coins.

Bottomline

While the food cryptos may look tempting to investors, one should never forget that crypto markets are often volatile and hence one must be careful and do their due diligence before taking any investment decisions.