My worry is the BSC ecosystem could fall down in popularity due to the layer1 competition. I have a good chunk of CAKE and I'm trying to figure out what best to do with it.
Why would the BSC ecosystem shut down because of a drop in popularity? I don't think there is any risk of it falling down. At what price did you bought CAKE? If you are heavily in profit, I would sell 50% of it or more (just take some profit) and with the rest you can just play. If you are in loss and you don't believe in the project anymore, I would also sell them and take your loss.