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.
it will still need about 50 times of its current price though which proven difficult how the situation currently now, it might be realistic if we were in bullish but right now the market seems grim, so realistically such price will not be reached this year.
Before the bullish came, Cake would find it difficult to reach new ATH, that applies to all altcoins,
because altcoins still follow the price of Bitcoin, but the good news is Cake is included in the DEX token,
where DEX could be in 2024 or 2025 there will be more and more users because CEX is getting bigger fear,
from the FTX case and now Coinbase and Binance being sued by the SEC.