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.

Yes true, as long the exchange is used and growing (more projects traded), it would increase the value of $Cake itself. Moreover if many projects came, they would buy cake to create /CAKE pair and lock it on liquidity, make the supply of $CAKE decreased on the market.