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?
$50 is still realistic, because the price is not too far from the ATH price, so of course if there is the next altseason occurs, then for sure the price of CAKE will create a new ATH price, so of course it is very easy for the price to reach $50, but if I personally don't invest in CAKE, because I am more interested to investing in Bitcoin and Ethereum.
I don’t know how Cake price 50$ is still realistic to you, i see there are many DEX platform is launched in the market, and people’s wants to invest in new platform, today CAKE price is 2.11$ so even 50$ is unrealistic in the next bull run, i will never hold CAKE in the long term where i have opportunity to invest in new big project.