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XLM traded 1.1% higher at $0.49 at press time. The cryptocurrency spiked 11.47% this week. An investigative journalist tweeted Monday that the singer Akon will build a city in Uganda that will operate on a currency based on XLM. CAKE: The cryptocurrency linked to an automated market maker has skyrocketed 3,135% since the year began. At press time, CAKE traded 6.37% higher at $20.18. The token has risen 13.05% on a seven-day trailing basis. The PancakeSwap team tweeted Friday that its router had nearly 900,000 transactions a day prior. The team cited Ethereum’s (ETH) 1.3 million transactions as a comparative metric. ETH traded 3.86% higher at $2,078.23 at press time.

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