Quote from: BuNga_cute on Today at 09:25:58 AM

Quote from: tygeade on Today at 08:21:08 AM

Quote from: markko7 on May 04, 2022, 11:01:30 PM

Do you think it will reach $20 this year?

Looking at how it is already 6.7 dollars, 20 dollars is not really that impossible. The current market is unfortunately not great and that could be a reason why people think that it will not reach that high, but at the same time we have to realize that the price is not doing that badly when the whole market goes up. So that means when the prices of coins go up, then cake will go up with it.

This means we need to reach a whole new level on bitcoin, ethereum, bnb and all the others. Doesn't mean that we can't or we will, it just means that I do not see Cake going to 20 dollars alone, only if things go up a lot then we can see the price go up a lot more.

The price of CAKE today is really down drastically compared to last year which managed to reach the price of $44. As you said CAKE is now at $6,
which means CAKE is down about 84% from ATH. Moreover, this year the market entered a bearish trend, which did not allow the CAKE price to rise
to a price of $20. CAKE is indeed a good project for investment, especially now that the price has dropped very low, so now is a good time to buy CAKE.
But in determining our target we must be realistic, because the target price of $20 is too difficult for CAKE to achieve this year. Moreover, the price of
Bitcoin, which continues to decline in price, has an effect on the majority of altcoins as well. Maybe if the market recovers and Bitcoin price can rise
again above $60k this year, the price CAKE might reach is around $10. I think the price of $10 can be achieved by CAKE this year, that's a pretty
reasonable price that CAKE can achieve this year.

I agree with what you said, Cake never saw its highest price ever again. From there it quickly dropped to twenty dollars, then ten dollars. Now, as the market has turned into a bear, there is a possibility of further decline. In fact, you can buy a piece of cake and put it in a long-term cake apy pool, it's very risky, ignore it.