I saw Cake at 0.5 and thought that was overrated, after all, a financial project called "Pancake" with a token called "Cake" couldn't be serious. I followed it for 1 month and when I saw it, it shot to 8 dollars, so I waited for it to fall and bought the 6. It was one of the best moves I made, but still, I ended up missing the timing, because it reached 40 dollars and I ended up selling it at 15, in that insane fall
Pancakeswap CAKE price is around $28 now, which is already gone far from the price you saw $0.5
We should not see the project by it's name only, there are many copy-paste project in cryptocurrency, we can see many 'bitcoin' copy cat coins in crypto.