Quote from: 24Kt on October 19, 2021, 11:43:40 PM

Quote from: hari9981 on October 19, 2021, 11:37:51 PM

Quote from: coinzzzpro on October 13, 2021, 12:24:00 PM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

For me its a good idea, i see many Cake users would compound its reward to make its a better APY, 50$ is a reasonal price for the grows of its DeFi Platform, but make sure you take profit some if its on resistance, so you have power to buy more if its going to dip.

The target of $50 for me is quite realistic as it has already reached about $44 during its ATH this year. Though it is in the $20 level right now, the usage of pancakeswap is still increasing, so there's hope that it may reach the 50 range, maybe not this year, but in the years to come. As long as the exchange is actively used by traders. The target price is not a dream price but I can say, it is achievable. Besides, a lot of users are using this exchange and their services like farming pools and now, they have NFT market also.

CAKE is indeed one of the potential projects and deserves to be bought, even though I haven't bought CAKE yet. but i will plan to buy it
in the near future. Because I also want to get profit from CAKE, the performance is also quite good this year. Even 6 months ago managed
to rise to the price of $ 44k, meaning that the target of $50 is very realistic to be achieved. The problem is that it is a little difficult to predict
when CAKE can reach the price of $50, I agree with you, probably not this year. Because this year there are only 2 months left, so it's too short
for CAKE to reach the price of $50. The results of the research and analysis that I did, predict that CAKE will be able to rise to the price of $50
in the middle of 2022. So just be patient for holding CAKE if you already have it, because to make a profit from crypto it takes patience.