Quote from: Mr.Scott on Today at 02:35:14 PM

Quote from: coinzzzpro on November 30, 2021, 04:15:32 PM

I admittedly bought most of the tokens at $14.62. I could have waited until $12, but I couldn't believe it would drop to $12.

Yes, I agree, and I am disappointed. Cake is falling so hard. Early this year, it was 44$, but now it has dropped to 20$, where it has been for awhile, and now to 12$. It's pancakeswap's native token, so I figured it'd be a good buy now. The price is so low. Several blockchains are competing with each other, so all of the big whale funds have moved on. It is unlikely that cake will return any time soon.

I think that one of the major problems CAKE has right now is that it looks like if they stopped innovating really hard. New swapping and staking and farming platforms are popping up right, left and center. They are all willing to compete with CAKE, taking away market share. They need to more frequently upgrade and innovate further in the DeFi space.