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?
Looks like the hype around cake is fading away. The reality is, PancaceSwap got many competitors lately and people are pushing their luck with less valued tokens for now even thou cake also offers great staking option.
I would say it has potential to reach 50 $ but right now i see many other coins who are safer bet to do x10 and are more worth investing in.
Well, even though the rave reviews about PancakeSwap are disappearing due to the level of competition of interests is too great among decentralized exchanges, besides, the trend of decentralized exchanges has been replaced by other names, it is undeniable that the current environment is for NFT games but don't forget PancakeSwap is based on BSC standard then still has integrated project on binance exchange. Therefore, even if it is no longer a pioneering and innovative period, Cake still has a strong force to fight and ready to give them a new face in the future and that will help the value jump more than 50$ is normal