Pancakeswap Price Alerts: Smart Protection for Your Investment

Posted on
October 28, 2021

Pancake swap has just reached a milestone: it is a year old. If you were one of the 3.23 million account holders during the past year, you'll know that it's been an exciting time for the company. With over 23 billion dollars of total volume and a plenty of plans for the future, Pancake Swap has quickly become the #1 Automatic Market Maker and yield farm on the Binance Smart Chain.

Dexfolio recognizes the importance of the Pancake Swap ecosystem, and has responded by creating a smart price alert feature in its app to help users stay informed. Fast and reliable token alerts enable traders to make decisions on the go, protecting their investments from loss and taking advantage of favorable market conditions.

Pancake Swap is better than ever

Pancake Swap's ecosystem is currently based on three main pillars: trade, earn, and win, activities users can undertake on the exchange.

Now, on track with plans for the future, a brand new NFT marketplace is being rolled out. The interface has also become more user-friendly with a mobile-first update to make site navigation easier.

With appealing graphics and a fun approach, it's no wonder that users love trading and spending CAKE. Now, with the Dexfolio app and its unique approach to price alerts, you can easily watch your tokens and create parameters for taking action.

What is Price Alert?

A price alert is a notification that users receive when their crypto coin or token reaches a set price milestone. In the case of the Dexfolio app, notifications are based on percentage changes. Other price alerts are usually set on dollar value. 

An alternative to SMS alerts

While different apps offer SMS and other ways to receive alerts, the Dexfolio app offers a unique perspective with its in-app alerts.

Rather than settings that contain alert parameters based on dollar values, Dexfolio offers alerts based on a percentage increase or decrease. This means that you don't have to set a USD price target for each coin in your portfolio.

No need to set each alert

Instead, the app notifies you when your token reaches your chosen percentage point, which is based on the entry price you paid or your specified length of time. You can set your parameters across your entire portfolio then modify coins individually. You can also mute coins as you choose.

This means that you only receive meaningful price alerts (and let's face it, alerts can become annoying and easy to ignore because they have little value), so you know it is worth paying attention when you receive one.

How to manage alerts

With Dexfolio's app, managing price alerts is easy. Once you've chosen your percentage setting, you can set it for all the tokens in your portfolio. Mute any crypto coins you don't want to hear about, and modify any parameters that you want to apply to individual coins. Then wait for each price alert when your tokens reach your percentage targets.

The same process applies to different exchanges, with support for Uniswap and Polygon included in the app. Other exchanges can also be onboarded easily.

Do I need a confirmation email for transactions?

While email notifications are a planned feature for the Dexfolio app in the future, your transaction history is available in the app, along with your token alert history so you can see how your portfolio is performing.

Does the Dexfolio app require a subscription?

In keeping with industry standards, it's free to download the app and use the basic features. If you require more advanced features, these will be available by subscription. Governance is through Dexfolio's native token, DEXF.

The app is easy to download and use, so why not try it out? Other Pancake Swap users are loving its simplicity and user-friendly interface with its intelligent price alert system. It's a great way to keep an eye on your investment as well as being enjoyable to use.

FAQS

How do I get alerts on cryptocurrency prices?

The most effective way to receive a token alert is to install a tracker app on your phone or desktop. Depending on the app, you can be alerted by SMS, email, or various other options such as Telegram.

Many apps are free with a subscription option for premium features.

Can you set price alerts on Google?

It is possible to set crypto price alerts on Google, but the process is tedious and limited. It might be suitable for someone with only a single coin or a small portfolio, but the most efficient way to receive an alert is through a designated tracker app.

What is Dexfolio?

Dexfolio has created a portfolio tracker app specifically designed for the world of decentralized finance. The app comes with inbuilt compatibility with Pancake Swap, Uniswap and Polygon/Matic. It is leading the industry in certain niches in its sector, and its price alert feature is making waves among users.

It is designed for defi with a focus on the needs of the community. It is also intended to be fast and simple to use.

Written by
Ben Sash

Ben Sash is the founder and CEO of Dexfolio, the company behind the industry-leading cryptocurrency tracking app.

Ben has led the development and design of digital products for over six years in his various roles with prominent e-commerce brands.

With his experience in leadership, product design, and agile development, Ben has built an unstoppable team and compiled the vision for Dexfolio to shape the industry and become a leader in its sector.

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