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?
yes, because I'm sure the price of CAKE can reach $50 in the future, especially if BSC is getting more popular and more people start using BSC, then of course it will have a good impact on CAKE too, because it will make more people will use CAKE too, so the price of CAKE can increase very high and reach at least $50 easily.
Cake has reached $ 40 in 2021, of course that's a good thing and can be used as a guideline that even $ 40 can be achieved, let alone $ 50?.
so with that investors will also believe that Cake is able to reach new ATH again,
but indeed there is no guarantee and all we have to do is hold and believe that it will happen in the bullish season.