Bitcoin Forum

Some of you ever read about my thread before about BNB coin, if you haven't, you can check on here https://bitcointalk.org/index.php?topic=5316309.msg56318491#msg56318491

I will tell you a Big secret if CAKE coin right now and right here

Now, i'll talk about PANCAKESWAP or (CAKE) coin, now it's being traded around $13, with 130million CAKE coin as cicrculating supply and 213million CAKE coin as total supply.
https://i.ibb.co/6gW9cnT/IMG-20210310-222221.jpg (https://ibb.co/wMzGZ0P)

Let's see the main competitor of PANCAKESWAP, yeah, it's UNISWAP, which currently being traded around $32 with 521million coin as circulating supply and 1 billion coin as max supply.
https://i.ibb.co/1bJbwLN/IMG-20210310-222311.jpg (https://ibb.co/pnrn9xT)

Do you guys realized something? YES! CAKE is much cheaper than UNI atm. While CAKE's supply even lower than UNI's, it's still being traded "lower price" than UNI. CAKE's marketcap also 15x lower than UNI, so CAKE's price must around 13x15 = $195/each CAKE to able same with UNI's marketcap.

Does it sound CAKE's price now too cheap?
I will tell you 1 other Big secret of CAKE, look at this thread https://bitcointalk.org/index.php?topic=5322775.0
Today, CAKE has beat UNI in last 24 hours for registred/used by people.

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

P.S i don't care whatever you will buy CAKE or not, it's your money and your decision

Oh man ... I was 15 months before you with my, very similar, calculation :) I even calculated expected APY from lauchpads, lauchpools and other activities compared to nasdaq average dividend- https://bitcointalk.org/index.php?topic=5208144.msg53299809#msg53299809
But I like to see that I'm not the only one who calculate :) Pretty rare here in altcoin section, where alt is cheap when it has big community on telegram XD

Now lets take a look at CAKE.
1- The fact that cake compared to uni is undervalued does not mean that its price will grow. Both tokens can dump, but UNI can dump harder. DEFI is very hyped = overvaluated. Compare token marketcap vs volume for dexes and cexes and you will know what I'm talking about.
2- You should take a look at inflation. This year Cake inflation is like 300% - ~200% after burns!. Its crazy to invest in CAKE.

DeFi is the hype game and I believe I am not wrong if I say all DeFi tokens are overvalued. I am sorry with anyone if this opinion makes them angry.

I was in crypto market 4 years ago and I know what is potential projects. Bull market brings hope and over expectation on projects. Teams stay behind projects have enough marketing skills to help price of their coins or tokens move up and up.

But I don't conclude that UNI or CAKE price won't rise more. It is up to the bull market, not me. I agree with you that the risk is there with DeFi projects. Good or bad projects, risk is there with investors.

Well what an amazing calculation from what i read, didn't know there was an user who calculated just like i did.
What do you mean by cake inflation?

Thanks :)

Now back to your question:


So they mine 15 cake each 3 sec just to ... burn it XD Just to make tweets like this one:
https://twitter.com/PancakeSwap/status/1356279604298727434
That's first strike.

We are left with 25 cake generated each 3 sec = 500 each 1 min = 30 000 each 1 h = 720k each 1 day = 262.8 M each 1 year.
Current circulating supply = 134,901,580 CAKE
So in 1 year from now supply will triple so will marketcap do if we will stay at the same price.
That's second strike.

Big dexes from ETH are expanding to other chains (like 1 inch is naw available on bsc and eth). Competition on BSC will only grow.
That's third strike.

Defi, in general, is overhyped
That's fourth strike.

I would rather avoid investing in cake.

but there is an issue on pancakeswap now
https://twitter.com/PancakeSwap/status/1371471934999777281
i hope pancakeswap team will fix this issue as soon as possible mate

Those are fair worries but CAKE has some other burning methods as well.

First they have an active lottery, which is used by many people. Some portion of CAKE is burned there.

Second they have IFO's, which half of money collecting is burned directly.

Third they will open prediction market, which also burn CAKE when people use it.

So its even worse.


They mint 15 cakes for "farmers and lottery" and then burn coins during lottery... They mint just to burn. For second time. For me .. its cheating, fake boosting numbers to confuse investors/users.

~3000 cakes are being burned during lotteries on average - based on last 10 lotteries ... twice a day. 6000 cakes per day.

While 720k each 1 day is being minted. Its less than 1%

During last IFO they burned $1 500 000. ~100k cake. Its 13% but ...we don't see IFO each day...

Those burns lower >200% inflation to ~170-190%. Its still way too much.

Agree, that burn activity such as odd thing, burn activity could be from community fund or developer fund which want to do that, not from fresh minted tokens.
Inflation rate will show their actual price in the future, becareful with our investment.

In most cases those funds were minted during lauch with a view to burning it later to build a little hype around it.

Funds for burns should be taken from profit only. % of fees or % of annuall/quarter profit.

BTC. Pancake is thinking about reducing inflation:
https://pancakeswap.medium.com/emission-reductions-to-do-list-and-pancakeswap-v2-20a0f9b46464

It vill be done via "governance vote" - so majority of farmers will have to agreed to farm less. Will be hard.

Tytanowy Janusz I understand your point and you are right. CAKE emission model is not ideal.

I hope they will change it for good. Pancakeswap is backed by CZ, they can use BNB's burning model.

BNB's burning model? Binance burns 20% of profit and has 0 new coins emission, is a market giant with an established position. Cake is a different story. Big part of cake liquidity comes from syrup pools that are feed by cake emission. I think they can't effort to give up on that and let liquidity flood to other dex with better ROI for liquidity providers. DEX market is very aggressive.

Its not the problem with burning model. Its the problem of whole tocenomics, defi overhype, aggressive fighting for the client that we see in DEFI. Cake mint that much coins to grab as big part of market as it is possible. The problem is that CAKE investors are paying for this.

Totally agree with first person who responded here and that the CAKE inflation is totally over the top and would be very difficult for me to look at now. Also it is in a dip and yes so is crypto entirely while en route to bigger gains. So tough to understand how to move all this out and do APY calculations right now though.

Well, even though CAKE's supply keep increasing (now in circulation supply is 224 millions compared when i made this thread , 213 millions), i still believe CAKE will be much higher than current price, as they are the biggest DEfi exchange from BSC

Fyi, Binance don't burn based on % profit again, as CZ said he wants to speed up the burn process

Yea. I've seen their announcement. Its still % of profit but now its not fixed 20% as it was before. But its still a fraction of profit generated by them. It does not change to "mine to burn" strategy that we see in CAKE.

I wonder how much they will burn now. They announced accelerated burn at price 45$ saying that BNB growed so much, that " it would take roughly 27 years to finish the burn". After acceleration, they said they are aiming to "5-8 years to finish the 100 million BNB.". The problem is ... price is now 270$ not 45$ :)

They have 70 mln BNB more to burn. $19 billion to burn at current price. $2.3 billion annually (dividing by 8). $590 mln each quarter. 3.5 times more than last time. It will be very interesting to see if they will achieve that.

I am not sure they plan to actually slow down at any time. I think they are planning on increasing yet again but I do not think that it is fair to expect them to burn that much this quickly, I would feel bad if I was CZ to burn that much money all together :D. But, I know that they are going to speed it up but not speed it up to the point where it would be like you said, it would be faster than this but slower than what you calculated.

These are all guesses of course but CZ keeps saying they want to make it faster and faster, if they can burn 100 million BNB today, and give CZ the button to do it, that dude would probably press it right away. I think it is not good to remove all of it that quickly, it helps when you burn but more frequent but smaller burns would be a lot better, make it quicker but smaller and you have yourself a better non-disruptive method.

TBH, i won't be surprised if it surpasses UNI within the next few months as BSC hype is going on which might fuel up cake to pump. Though current DNS attack creates a bad impact , but it won't last long. Personally, i'm farming CAKE and hoping to farm until it's hit my desired price.  ;D

Farming in low times is good. When it exposed to mainstream more people will stake and our yield will drop. Better go stable until we have enough CAKE. (it's never enough ;D)

That's true, but we have auto-compounding DeFi platform to multiple our ROI and best part is that it won't effect on the yield unless anyone is a low fund hodlers to use that DeFi platform. Though most of those platforms are audited, but none knows what will happen next in DeFi space as everything is uncertain and DeFi is on the early stage.

Personally, i'm using auto-compounding platforms to farm more CAKE instead of using pancakeswap by taking risk what i can afford to lose.  ;)

I see now a lot of the core farms on Pancake have really crazy ROI but that's not in price, but in token numbers correct?

I really don't see how any of it is sustainable. Collective now is over 500% ROI in a year but I can't see how all these products have real utility other than all these yield farmers. I try to find more info but nothing is available, could you point me to resourceS?

This is what we have been talking about being decentralized, the price is decentralized from anything and will be whatever. Uni is used this much or cake is used that much, those things do not matter when it comes to prices, it is bought and sold and that is the only way the price changes.

Definitely cake could be used more and because it's used more the price could go up because people will be buying more, but that doesn't change the fact that we are talking about actual buying and selling as in trading, those people will do whatever they want and even though they are influenced by these things, it doesn't mean that they are connected 100%, like price doesn't go up suddenly if there is a new user, that is why I think it should not be seen this way neither.

It is definitely something to keep in mind, cake is growing bigger, but that doesn't mean that the growth rate has to be equal to how much it's used.

Which one do you use? I'm pleased with %140 APR on CAKE pools.

I don't stake more CAKE instead of that I'm picking better APR coins and change it daily.

Obviously pancake needs to grow bigger and bigger to reach to a higher level, staying at this place wouldn't help them, they could maybe increase their price a bit but this is a project that needs constant customers and increasing number of profits, so if one day people stop caring about it, it will get stuck and even maybe drop in price, and not like we can have every single human on earth in pancake which means one day it will stop going high.

It is just a wrong system to create something that needs more and more customers to grow, maybe same people but more involvement could have been done but this requires more people to be in there. In any case, I still think it has a looooong way to grow, it has insane potential, could reach over a thousand dollars before it stops, do not think that it will happen anytime soon but that's a good potential to have.

This is correct, that is why I am heavily invested into Cake, do not forget that you could make a lot more money with Cake as well, not just that it should worth more because people use it more but it should worth more because people make more money with this as well. Sure you can make some money with UNI, but the amount of money and the amount of ways you could make money is 10x more in Cake as well, I have invested into many brand new things in liquidity providing and made so much more money with it.

People are realizing how valuable Cake is, it may take some time but it will finally get there, which is why I am not losing any hope from this situation, just let it go on a bit longer and you will see how awesome it will get. I personally believe the price will not be nearly 200 bucks, but 100 bucks will be easy with some more Cake in the supply.

We are almost ROI when i created this thread. CAKE even did falling down to $9 but fortunately they are on track again right now. Currently they are worth $11-12 for each CAKE.

https://i.ibb.co/P1xfsxF/IMG-20210326-174354.jpg (https://ibb.co/SVN9DN5)

And finally, CAKE started climb to the moon! Can't wait to see how far CAKE will go, my goal is around $30 for short term.
Any words about this ,Tytanowy Janusz?

Banth said 56, why are you waiting 30? My target is 70 USD, hopefully we will see it until Summer.

%20 emission reduction voting was accepted, price is almost 15 USD now.

Simple. I want CAKE beat the UNI as i said on OP.

$30 in short term, $50 in medium term and $100 in long term. The only 1 problem which CAKE has , it doesn't has limit supply

I haven't used their pancakeswap yet. Is the fees very economical than UNI? Because if they have reasonable fees, there's no doubt traders will go to this platform. The potential increase of its price is also high. $30 is also I think, not hard to achieve in the coming months. They are lagging behind with UNI right now, but I think, they can easily surpass UNI if the traders will be more satisfied with PancakeSwap.

This is what I have experienced so far after using pancakeswap for almost a week for daily trading.
I do not know it is due to low liquidity or for some unknown reason but when I bought something using 10% slippage, sometime my order became 2x times expensive and it happened just not only me but a few people in the group.
the fees they collected each transaction became larger and larger, not to mention an unending problem with their api and website these past two days.
it will go up for sure but I have a doubt it will surpass uni after a new upgrade on eth coming in.

I do not think this is a problem with pancakeswap itself, just a problem with low liquidity of any token on any platform. Which is why some people still prefer to look at orderbooks on CEX if they are buying a small token with low marketcap.

If you buy CAKE itself though,,, I doubt they will be any much visible slippage.

CAKE is above $16 right now. Who have bought CAKE when it was on the dip at $9?


Who also avoided investing in CAKE like this guy?

Uh oh Uh oh. You are so smart... I wish I was you... 20% up from the day of my post, after strong recovery from 20% dump after my post (damn i should jump here few days before to flex like you... if 20% is a reason to do so). Did not even reach ATH. And you jumped here to show off... Its your first correct prediction or what?

I thought this thread is about pancake fundamentals (comparing volume, traffic to uniswap etc.)... Not about short term pumps that are not connected to fundamentals. Fundamentals don't work in short term pump and dump shame. Fundamentals works on 3M candles and cake with 200% inflation, $2B CMC evaluated swap is simply not a good investment product. It may pump even to 100$, it may dump to 5$ but not because of fundamentials. You are gambling on the bubble, asset that pumped 50x in 3 months ... not investing.

https://i.imgur.com/YpO1NBz.png

Green area is investing area, HERE fundamentials decide about price direction. Red area is gamble on bubble area. Ask yourself where asset that did 50x in 3 months is. And comparing overvalued asset to other hyperovervalued asset does not makes the first one undervalued.

I have checked the slippage, the live chart as a comparison but there was nothing, in live chart you can see how many bnb are traded out or in for token at certain price.
even if they have low liquidity, as long as it did not past below 10% nothing like this would happen.
just made another a few trades minutes ago and it charged me 1.5$ to swap my token into bnb, not to mention the fact that I need to approve the contract first before able to swap it. the fees are getting higher and higher by time.

Actually what i did was very simple. I bought the dip, that's all. I only invested in coin which i think will worth in the future. Like i said before, the only 1 thing i don't like CAKE is they don't have limit supply, only that.

What was happened with PANCAKE coin supply? I still remembered last time it was 233million CAKE coin as supply, but now it only left around 143miilions CAKE. Obviously it was because PANCAKE coin burn, so we are going to the moon right now. $17 still too early to set our goal.

---

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 :D :D :D

So you have problems with memory. You even quoted my post in which i put current circulating supply:



So yea. Great burn. Awesome. They had 134,901,580 CAKE 16 days ago... they have  143miilions CAKE now. +10M in 16 days. +7% in 16 days. " Obviously it was because PANCAKE coin burn ". Yea ... Obviously. Obviously they burned 40% supply XDXD Obviously they were able to buy back 90M coins worth $1.6B XD seriously ... nothing raised your doubts here?


Proof? No marketcap dump (MC= price *supply ) So we should dump 40% on this chart if they in fact burned 40% supply. We didn't. We have MC ATH without price ATH.

https://i.imgur.com/iSXirsD.png

Good luck with your investments if your researches are as bad as this one. Looks like your knowledge is inversely proportional to your confidence

Thanks. No problem, as my thought about CAKE isn't same like you. I would go for long term, because i've seen great project from CAKE coin in the future. I will keep updating this thread from time to time.

PANCAKE now is worth $18.25 surpassed their ATH before when it was $16. Did you guys have bought the dip or still HODL until now?
https://coinmarketcap.com/currencies/pancakeswap/

Well CAKE was trading around $18 too many times, but it was up and down until now

Edit : $20 now. Hell yeah!!!

Now it is above $20 but I think the ongoing battle event is what is really pushing the price for CAKE up because people are buying it up to farm more and win more in the battle.

At this rate maybe CAKE goes to $100 before the crypto rally end?

Cake ATH was 21$, it tries to past that, first time was failed but it will try again.

If it passes 21$ ATH we will see a new green candle set, hopefully.

Increased by 50% from the time you posted this meaning Really there is a secret lol.

I did not comply to everyone that Posted Pancake to be on top but yeah i must admit that I'm wrong.
So that is 2$ away from breaking that AT? so near possibilities is indeed coming.


Congrats to those who bought from the time OP posted this , you Guys are gainer up to this moment.

Considering this all started with about 20 cents and right now it is about 20 dollars, we can say clearly that those people who ask "which coin can make me 100x" type of questions could have bought this one. Seriously making 100x return is insane, that is really more money than I can imagine if you have a decent starting capital, I would have been half way retired by now if I did that.

Plus on top of that if you got in when it was 20 cents, and you reinvested all the money you made (from either LP or directly pools) that would mean that you would basically have more cake than you bought as well, you would earn some and that means you would make more than 100x as well, depending on how early you got in we are talking about as much as 1000x if you reinvested it all as soon as you got it and that is the type of money you could live forever without working even if you had a starting capital of like 2-3 thousand dollars.

Again it is important to point out that CAKE is more volume in the past 24 hours because of the ongoing trading competition made by PancakeSwap (which of course rewards points for using CAKE to trade). Same as BNB.

100x coin, too late for buy, but if it makes $2000 like yield then who knows;) Very much the same 100x haha.

They changed IFO system. I hope it affects price well but I don't like new system.

https://pancakeswap.medium.com/initial-farm-offering-ifo-2-0-7bfbb1ae0e8

https://i.ibb.co/Zgky8zx/IMG-20210410-084637.jpg (https://ibb.co/PWfBhGg)

Hahahahah, muahahaha now CAKE has surpassed $25. Congratulations for you who bought CAKE when i create this thread for $13. You are almost made 2x from your money. If you have bought lower than $13 and still HODL it until now, congratulation as well!!!

---

Still laughing when see few people were avoiding invested on this great coin  ;D

I was just not sure about this coin and choose to let it go but now considering the new ATH it has started to achieve now makes my mind drift and just waiting for some drop before I start investing in it. This coin has now being in more talks then it was before and lucky ones those who spot this opportunity beforehand.

Congrats to OP for making almost 200% now from CAKE but I still say beware. This new ATH is brought on because of Bitcoin chiefly,,, and secondly as I pointed out because of the Easter trading competition (so of course price is pumping) but you know there is no other utility for CAKE other than to get more benefits from IFOs and yield farms. Just be very careful.

https://i.ibb.co/gDYwB35/IMG-20210421-063723.jpg (https://ibb.co/khZ0WxR)

$30 soon? The best way to shut up people who don't believe you is by success what they thought will never be happen. Ignore them and keep doing what you believe will happen.

Just want to add, in every project there are probably a million reason why we shouldn't invest including the great btc, no project is 100% perfect there must be something that is missing,
Since the time op has posted this topic cake has uncreaes even more, this current dip didn't do much on the price either because I was waiting to see a good dip to buy in but it doesn't seem that way, most people miss opportunities because of over thinking, some people don't see bnb as good enough to invest on, well to each to their opinion.

Finally finally and finally. What we believe turned to real today. CAKE has reached $30 today

https://i.ibb.co/5FgdsRP/IMG-20210425-200913.jpg (https://ibb.co/6B72DWk)

Congratulation to anyone who also invested on CAKE coin, if you joined with me, your investment already above +130% right now.

Congratulation as well for those who didn't buy anything and just speculate with your shitty analyze. With your doubt, we become rich now because we were able bought more coins on market with cheaper price. Thank you so much!

Congratulations to those who bought cake when this topic was formed. I bought a few hundred dollars worth of $cake when it was $ 20 a few days ago, I was very happy today when I found out that cake had touched the price of $ 30.

happy eating $cake :D

Yes, with the hundred million of circulating supply of $cake. Is really possible that it will hit to $30 but unluckily I missed this. I don't know that CAKE have the million supply and I just know that it has potential with at top 27 cryptocurrency right now I believe it could be in the top 15. Recently Pancakeswap approve the burning of cake which could affect the price of CAKE resulting to massive bullish. Congrats to all cake holders.

Looks like, Cake doesn't need few months to overtake UNI as it's finally break that milestone within 1 month.  ;)

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BTW, i'm hoping to see CAKE at $100 within few months as more development is going on. Like, team will add auto-compounding into the syrup pool, prediction section and most interesting thing is "Big Burn" which isn't stopped yet as team is continously burning more cake which might take CAKE at the higher level. So, it's just about time to get that those price in realtime which is speculated.  ;)

Congratulations, your guess really came true. I bought cakes at almost the same prices and I made a good profit. What is the next target? Could cake leave behind uniswap in total volume? I think it might be. İf then what will  be the price ? I wonder your guess..

New updates are pretty good, I wonder how prediction market works. APY's are going down but this is normal because too many new people come and more and more CAKE is staked everyday. V2 migration was successful. CAKE hit 34.84 dollar ATH today. Almost everybody I know in crypto space have some CAKE in their portfolio. I'm expecting more people to come when they realize decentralized finance is the future. Pancakeswap is a go-to market for defi.

Not everybody because I don't have one.  ;D I was thinking before if I will invest in locked staking in binance but I chose other alts. Now, it seems still good to invest even if it is in the $30 range because they have high chance of increasing further in the coming months. In binance, the min you can stake for 30 days is 1 cake, so very affordable to many.

PANCAKE NOW IS WORTH $35!!!! HAHAHA still scared to invest in this coin?? TOO LATE!! because we are already on train leaving you and your shitty analyze

https://i.ibb.co/KDmPHTk/IMG-20210427-172336.jpg (https://ibb.co/C6WcFRZ)

200% inflation?? Fourth strike??  Overhyped?? Lol that just like  jokes in the morning.

It's crazy to invest on CAKE? obviously, it's crazy, we are making 169% just less than 2 month ;D ;D ;D

Congratulation for ALL CAKE HODLERRRR

The defi hype started with uni swap and uni coin despite its large circulating supply still has high price compared to cake coin this is so because of the volume of both coins.
Defi swap protocols yield farming started with uni swap, so pancakes were is still new in the defi swap market.

CAKE is only just getting started, now trading over $36 which is still relatively low. People might buy this secret king otherwise will be crying once it will hit $100 They're planning to burn token regularly then the pump will happens as usual. CAKE is about ready to soar.

CAKE fair price should be 100$ already, I think it underperforms lately. It's no secret anymore though, everybody started using it.

Is Cake fully decentralized? Does the token burn automatically happen on the blockchain or is that decided by the team? Could the dev team get into trouble for providing the service like the guy from Forkdelta?

It is not surprise to see very high valued cakes in circulation. As far as I remember team was talking about constant burn over time after every swap (please fix me if i am wrong).
This is not only reason. Binance Smart Chain is getting very big, Cake is the biggest DeFi project on it, and we all know DeFi projects are very profitable.

Apart from BNB tokens, Pancake swap token (Cake) is another major winner on BSC, Binance has done well for the project and people are seeing the potentials in tokens listed on BSC chain, I don't know if the team can indeed innovate and cave a good niche for themselves long term but the team need to enjoy this period and their success

I guess $50 now is just a matter of time and then if the rally continues we can easily see it go to $100. Pancake v2 is probably the root cause of it all,,, secret king indeed. But the true test comes after the rally. Can it hold on to $100 if it reaches that or it comes back down a lot? We can only wait and see. Token burning is problematic if it does not work:)

What's the deal with Pancake swap v2? Some surprising new features or even cheaper? Certainly a great application that they created with Pancake swap.

https://i.ibb.co/Prp3SmS/IMG-20210429-102833.jpg (https://ibb.co/mRs1xDx)

CAKE reached $40 now. Congratulations for all people who have bought with me, we already make 207% profit in less than 2 months. Congratulation too for all people who bought CAKE when it was only $1 or even less than that.

Those who didn't buy CAKE yet until now, feel free to regret.  ;D

Almost $45 for Cake now, glad to have them as my biggest holding! $100 seems to be realistic in mid term target in my opinion  :)

 $ 44 the new ath. There is a lot of activity in the market today. This is an expected rise for pancake v2. the market looks very positive today. In the search for new summits in the Bnb, if bnb succeeds, cake will benefit from it.

You know what? I actually do not really know. From what I can tell it is not really new features as much as cheaper things for defi. For example instead of harvesting yield each time you can just auto compound it (instead of doing manual compound you just switch it to auto).

So basically yes,,, cheaper gas fees which makes defi people happier:)

Congratz to the OP as we can see he was right with everything he said and thought. Many here were convinced, but regrettably I was a little late. Now all of you guys say it is going up, and only up! :)

Everyone here bullish? What do you think is the limit? And while talking about the limit, what could be the floor in case it comes down?  ???

Your prediction was correct. Did you pay attention to the MDX by the way, it's only 1/10 of CAKE. While its trading volume is at the top 1

What matters is data backing up Pancakeswaps strong development recently. Good volume, a lot of people talking about it and creating buzz, it's a hot one and I also think there is still some potential. Some gains left in the tank.

I think it seems to have broken that even yesterday and right now I can see it is $43 so I guess the natural line to expect now is $50 and upwards. The big test as I said previously also for CAKE is to go to $100 and stay above there. I saw v2 now has a predictions thing going so maybe that is adding popularity to CAKE.

It is also like a self-fulfilling prophecy. When investors see a project that is a lot in the green they also check it out and scrutinize potential investments. That's way Pancakswap could go up even much more than some might think now. It has strong business propositions and the user base is growing.

I like the exchanges that use an automatic market maker model a lot. You can check out the slippage, so easy use by connecting your wallet. Sometimes though liquidity is an issue. But 5 billion dollars market cap says it all for now.

And what does cheaper mean? I still read reports that say it is too expensive. Ultimately it is an Ethereum application so how do they manage to reduce the fees if it's ultimately run in top of the ETH blockchain?

Do you think 20-30 cents per transaction expensive? Try Ethereum blockchain, you have to pay 15$ just for approve contract and up to 100$ for a simple swap.
Pancakeswap is indispensable DeFi platform at this point. There is no competition for them.

Didn't know you are supporting Cake as well. While you were supported this shit analyzer guy


"Your friend" who in same campaign with you also too dumb to believe him


Now CAKE has shut up all of your negative thought about them  8)

LOLWUT? Do you even read messages? I'm an early adopter of CAKE and I already made six figures from it. I support CAKE since day 1 here, what are you talking about?
He is not my friend, I don't even know him. He had fair worries that every one of us share and I said I hope CAKE team will fix it, now they did. That's why we see this price increase. I suggest you to get some reading lessons dude.

You have made 6 figures from that and you still wearing that signature to get paid much lesser than you have made? Do you think that's make any sense?

Better to spam other thread, but not in my thread dude

Now CAKE is on correction. It currently around $36-$37 and would a good choice to buy some with your money right now. Buy more when it goes down to $30 or below and then HODL until it reached $100.

Do you think $100 is too high for CAKE? While CAKE has beat the whole of ETH transaction before

I don't know what a good price is, but I know that Pancakeswap is a great project! :) They deliver a service that is so paramount to the success of all crypto currencies we should be thankful they provide us with this.

I have a feeling that Cake will reach the BNB price, because all that is on the BSC is trading on PANCAKESWAP, and there are thousands and thousands of projects that appear every day.

The truth and the simple fact is that, it is good for a coin or token to have utility, not just utility but a very good one capable of attracting users everyday to it such that, they won't just be holding the token for holding sake but utilizing the potential of that coin or token, to the best of my knowledge this is the case with CAKE.
CAKE has grown a lot and have shown to it's users that they can do much more than just holding CAKE, this can be seen in their staking and farming features. Therefore comparing the price of CAKE to that of UNI on long term, it is clear that CAKE will surpass UNI unless UNI adds something unique as well, which will make it more attractive than CAKE. It is also good to know that one of the upper hand CAKE have above UNI is the low gas fees and that alone, is a big one.

Coins that give you passive income are definitely a good choice, but also a big number of coins doesn't have utility beyond using them as a means for transacting or trading. Most of them aren't even suited for payments on a daily basis. Pancakeswap was a real winner obviously as well as BNB.

Post above me is correct, but you know what? People are blindly invested their money on DOGE coin, hoping they can earn in the future. You know, this coin is only a joke, there is no utility or any use behind it. Even elon didn't invested on DOGE but people keep buying, LOL

CAKE is very very far better than DOGE, but it's still ranked far below than DOGE. NFA!!!

Today CAKE only worth $35, still damn cheap compared their competitor, UNISWAP. Don't say later i didn't warned you to accumulate and buy the dip when CAKE is worth $100 later. CAKE could be drop more than now, i'm not saying $35 is lowest price, but it's damn cheap.

Take a look coin which has good fundamental, compared HODL too long on some shitcoin like DOGE. With that, your investment will grow later. You can invest on that shitcoin too, but make sure you have plan B when the price goes down, when plan A failed.

If you go for a comparison between coins of the same type yes, you could argue that CAKE is cheap. But before only asking whether CAKE is cheap you should maybe also ask whether UNISWAP is expensive. It is so hard to know right now whether any of these prices is justified. Comparing it to businesses in the real world the answer seems to be no.

I put a buy order in for some CAKE at around 28$  ;). The coin has some fundamental, but it has risen too quickly for me so I expect a correction.
Main reason I would buy them is to stake it at Pancakeswap for an APY of 130 %.

I still hold sizeable amount of CAKE back in my portfolio. I survived that great correction although I am bit worried, maybe emission effects people to not buy CAKE anymore?
But I think I agree with you, OP. CAKE should possibly hit somewhere around 75 at least to show competition between it and Uniswap. Its APY is still good enough considering the fact that its price is stabilized.

Yeah, it went up quickly to $ 44 cake. I'm waiting for a correction. For now, the apr rate is around 140% and it is a satisfactory level for me, so I do not intend to sell it, I think it will see three-digit numbers in the long run.

Pancakeswap interestingly surpassed uniswap. A project that is a copy of Uniswap really fascinates me. I hope they continue their success. I think it will go higher.

Is it me or you who is looking at the wrong data? The data I see says that Uniswap is way ahead of Pancakeswap. The train is on full steam for both projects still but the market will find the appropriate prices for both of them. They could be too high now.

Show us the data you have seen. All CAKE believer only see data if CAKE has surpassed Uniswap on total transaction and total user.

---

CAKE is very cheap now guys. Only traded around 26-28 bucks, when it ATH was 44 bucks. Don't regret once it goes to 100 bucks

I am holding a 50% of my holdings into BNB. The rest are SAFEMOON, CAKE, and many small cap BSC tokens. Pancakeswap by the way is the best exchange if you want to grow your BNB holdings tremendously.

I am also holding non BEP-20 like LEDU, and VET. All of them are performing very well in the market.

Yeah, CAKE and BAKE are both very great and promising and i'm quite sure that CAKE will keep become bigger and bigger in the near future.
the price of CAKE itself aready hit $27 and i think in June CAKE can reach $40 and will pass through its ATH.
Patience is the key, just wait until it happen.

I also think that CAKE will explode soon, even in my opinion not only CAKE, like SUSHI, BAKE, CAKE, etc., everything will explode, because it is currently trending. There is a very high possibility for CAKE to reach $ 40 as soon as possible, in fact I think it could reach $ 40 + by the end of this month.

CAKE has touched the price of 40 $, which I saw on Coinmarketcap all-time high cake was at 44 $ last April, not financial advice, but it can be concluded that CAKE is perfect as a crypto asset to hold for the long term.

Cake has some potential and pancakeswap is still going at a fast rate but the main reason I would buy it, is because of the APY return you can get over there.
I see this as a high risk, high reward.

Guys, what are you waiting for? Now CAKE is back to the price i've made on this thread. Those who hope CAKE can be this cheap now it's time to buy and accumulate more CAKE for your future. Always spare of your FIAT to prevent if the dump would deeper than now

The price of CAKE has been a bit disappointing lately. It seems to have dropped more than the general market.

That being said, it's still the main DEX on the Binance Smart Chain, and it offers good staking rewards that can off-set some of the losses if it dips. I think fairly soon it will start going up back to the $40's range.

 

Cake is down to almost it's three months low, now is the perfect time to buy this coin if you are a regular trader. However, for long term hold, I will not suggest cake at this price. I think cake is yet to correct!  There is still positive sentiment surrounding the coin! The pancake swap is still affected by lots of issues ranging from lag, to other security issues! Any better AMM swap might replace pancake swap in the future!

I know everything is on sale but I have never thought that CAKE could make this low $10. I have a modest prediction on CAKE could be worth 100$, to me purchasing cake under 15$ like something crazy. Each time I purchased the dip a always purchase cake and staked it on auto compounds pool.

I keep a close eye on $cake and really believe that this token is a very good defi token

A few hours ago was the best chance at buying $ cake, and I bought it
I am very optimistic that $cake can go to $ 100 in Q4 this year!

Haha cool, i also have bought CAKE on $13 and $10 when the dip happened on few days ago. That was best time to accumulate more your CAKE and let it staked on Pancakeswap.

Does anyone make good profit from Last market crash when CAKE was below $10? Did you bought it? Have you sell it or still stake it on PANCAKESWAP? if you bought it, you have made 100% easily only with HOLDING

Cake was under 10$ for about 30 min out of last 2.5 months. Buying there was extremely hard. Who would have thought that cake will dump 80% in 28 days. Every falling knives buyer already bought at 30$ (you suggested that too). So dont call it "100% easily only with HOLDING". Its 100% thanks to super luck not to holding. Its like calling winning in a lottery "super lucky, you only had to buy winning ticked and HOLDING it".
you should be more modest at this point because you've shilled cake at $ 30-40




Taking average of prices on which you call "good price to buy" we will end up at ~30$ per cake. -30% to current price. Not "100% easily only with HOLDING"


https://images-cdn.9gag.com/photo/a07pgnZ_700b.jpg


https://i.imgur.com/W7xRPCZ.png

In short term chart does not look bad. Bounce back to 30$ is possible but it will be last chance to "take profit" IF thats the end of current bull market for whole crypto industry which i give like 70:30.If its not the end of bull run for whole crypto industry even your 100$ target is possible but its like betting all your money on 00 in roulette. Its possible to win ... but not probable ... and reward is not worth the risk. Making long term investments today is not investing. Its gambling.

Ok everyone, just skipped this bullshit guy bla bla bering about. ^

Everyone know i made this thread when CAKE WAS $13 ! Lot of people made huge profit but sadly, this above guy missed the opportunity and begin to blabering something delusional.


A bonus for you all,
:D

The fifth strike is his stupidity  ;D

Huge profit =/ paper gains. Lots of people made decent paper gains - not profits since you did not even mention about realizing profits. You scream buy buy buy. At 13$, 30$, 40$. Every person that listened to you and bought after every "its cheap" post is currently on big loss - not huge profit.

In my topic about BNB i suggested to buy @15$ : "Binance is currently worth $ 2.4 billion (15.6 $ per token)" and set target at "350-500$ as ATH of current market cycle is possible. 1000$ is unlikely". So if someone fallowed me did x20 - x30 of realized profits. Not x1,5-x3 of paper gains at the top and -30% on average if cashed out today.
https://bitcointalk.org/index.php?topic=5208144.0


Stupidity is when you deny facts (huge inflation of cake) only because price pumped thanks to mania in which even shitcoins like shiba inu made 1000x.


I didn't miss anything. I had cake way under 1$ and I'm taking profit (realized profits - might be new in your dictionary) starting from 5$, dumping all the way to 40$. Still have some, still farming more from liquidity pools. Did 5x on average. And its not paper gains. Its real money right in my wallet ready to jump in any moment. You started op @ 13$, it was 10$ after 3 months (few days ago - easy entry price as you said), its 20$ now. Why should I buy @ 13$ 3 months ago with you if I could buy @10$ few days ago? Did you take your "huge profit" at the 40$? I guess not.

Kings of paper gains - the biggest losers of all bubbles - thats your club mate.

Once again. I still think that 100$ target is possible but only if whole crypto industry will recover from this outstanding correction (BTC did 40% amplitude daily candle - the bloodiest day starting from covid panic sell). If thats the begining of bear market for whole crypto industry and next bull run will start after 3 years - you never know what technology we will have that day. You cant be sure that in 2025 cake will still be BSC swap leader. If that's the begining of bear market - we may never see 40$ for cake again. If not ... every token/coin will moon, even shitcoins, so will cake do. Is it rational to bet on that? I think its not.

Hoam.. too long shit post to read, better to use ignore and we are fine.

Nope, stupidity is your post.
Thanks for that mania, i have predicted it and made more than 5000% from my investment, https://bitcointalk.org/index.php?topic=5333786.msg56887812#msg56887812
Not like you, did you bought all BNB when it was $15 and realized your profit right now? I guess not.

CAKE will reach $100, doesn't matter we are in bull run or not. It just takes time before it reached.

Can't you read what i wrote on Op?

Yea thats pretty much you. Too lazy to do proper research so you take 1 indicator out of 10 and produce price prediction based on that. Its not surprising at all that you get super frustrated when someone brings more advanced analysis when all you can fit in your brain is 1 indicator (cake is cheaper than some shitcoins).


You are right. I did not. I was accumulating bnb long before my OP. I wrote my thread when I was so amazed how big this opportunity is and how well my investment is performing so I wanted to share it with others. Considering the fact that I get half of my BNB for free (from dumping lauchpads, launchpools to bnb) I'm sure than my average buy is way below 10$.



Did you sold ? XDXD I guess not:


You even sugested to buy more because its "cheap". -40% from that day for dogelon. 100 milion $ for project that has only fancy name XD Hell yea its cheap.

BTW how is your buy BNB @550$ or BAKE @7$ investment? Why you bring only succesfull one here?

You choose good projects. BNB is the best altcoin. BNB is my love. I will never dump it all. You just pick terrible moment for investment. Moment right after 30-100x pump. Same was with CAKE. You created OP @13$ few days after it was -30% to 9$.  Fortunately there was a second push to 40$.

Guys, I recently found out that Cake does not have a maximum number of tokens, the emission is endless. Isn't that bad? It's just that the more tokens, the less demand, correct if I don't understand something correctly.

there are many ways why CAKE gets burnt to push supply down https://docs.pancakeswap.finance/tokenomics/cake/cake-tokenomics#other-deflationary-mechanics

since the correction, most hodlers wouldn't sell cake as it used to be $40 https://www.coingecko.com/en/coins/pancakeswap-token

April-May was peak price, Pancakeswap CAKE hit it's ATH $44 then CKAE is maintaining downtrend. In the meantime, I have purchased CAKE at ~$15 each, and stake CAKE for more CAKE. I'm staking CAKE on Pancakeswap, until now it's a great gainers. Moreover, Pancakeswap has hot pools like Alice, TKO, SFP. Stay with CAKE, it has big plans for the future.

I really like this token, I sent it to staking myself, but I am worried about their endless emission.

Well, that's why i thought too, but as long as they keep burning their own CAKE weekly, i don't think that will be become big problem. Just stake and buy it when it on the dip, and you will be fine.

Exactly, I forgot they burn, I just look at the coinmarketcap, I see that the number of circulated tokens is more than the total supply. I hope they burn enough tokens.

this is interesting research. since this thread was written, CAKE prices have gone up quite a bit even when prices are being dumped. however, I just took a look at this coin and saw a pretty impressive chart. I feel that CAKE will exceed UNI prices if pancakes become a popular and more widely used DEX than other DEXs for BSC in the future. I may need to think about saving these coins.

Just looking on CMC, and pancake circulating supply and their total supply are same, around 180million coin. I think they have updated it after you see it on CMC.

CAKE has beat UNI even before it reached ATH around $44. Their total transaction and total unique wallet, and total user are exceeded UNI.

Well i just updated the title since it's a bit outdated now. Most people already knew about what's pancakeswap and BSC, now i just focusing to keep re-buy and staking Cake to earn CAKE until it reached $100. NFA.

I just checked and it seems CAKE did really well near the ETH/BTC peak,,, and actually unlike many other deficoins I see it is maintaining the same level as BTC and ETH, both just above 50% of the ATH.

I think hard to see $100 now, first it needs to make new ATH:)

Pancakes have great appeal, but I'm afraid innovations will rival them.  Apeswap will convert cross chain to Polygon, it's time for me to go with it.  :)) Ape(NFA) community continues to expand, Ape can compete strongly with polyzap, Quickswap, then Ape can reach 100$.  The main challenge is change, Pancake does not find the way and is accepting the simplicity of Dex(Defi) on BSC.

Definitely something possible because it is something that cake would have it so. They are a huge company by this point, I know it is a decentralized exchange but let's face it they are as centralized as they are decentralized, there is someone who puts the farms there, there are someone who decides on the x10 or x20 or whatever there, and there are someone who decides to whitelist something or not, basically they are a company at this point and not as decentralized as they claim to be, plus there is still a profit to be made from their own pancake router as well which means from each swap they make a profit as well as money from deposit fee if they ever have any, so basically they are making money.

Long story short they know what they can do and they know their power and people are in love with them, sure it dropped now during this fall with everything else but when the market goes up then cake will definitely reach 100 eventually for sure.

https://miro.medium.com/max/3200/0*sWuBZo0EGXabtsC2

PancakeSwap Welcomes Wootrade Network to Syrup Pool!

CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Wootrade, a digital asset liquidity network that provides the best execution for institutional clients.

The Syrup Pool:
Stake CAKE tokens to earn WOO tokens!
Total Tokens: 666,000 WOO
Distribution duration: 60 days
Start block: 8479500 (approx. 5am UTC on June 21st)
Finish block: 10207500 (approx. 5am UTC on August 20th)
Token rewards per block: 0.3854 WOO

Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.
To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.

The Farm:
In order to host the WOO Syrup Pool, we will need to provide a WOO-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.

The Vote:
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.

don't judge a project with some small issues, a lot of tokens had some issues with their token or network but they ended up fine, even Ethereum, but i don't know about cake surpassing uniswap token, that only can happen if bnb surpasses eth in my opinion.

Cake is a very promising one from what we've seen here.
From the time the OP posted, it was about $13, and now it is about $16.
Considering the fact that btc has gone down a lot. A lot of alts decreased and yet cake managed to be on the positive side.
However, $100 will still be a long journey for Cake. But I believe, it is worth investing on this platform.

No doubt it is one the Top leading projects in DEFI sector and highly rewarding for its Long term Investors. It has shown tremendous growth of 1000% during the past one year. Though its price came down more than 50% during the past 2 months like BTC but I trust it will show its Real color when BTC Market pulls back and goes in Bullish zone in coming weeks.

https://i.imgur.com/xek0xzb.jpg

https://www.tradingview.com/symbols/CAKEBUSD/

In addition to the coin market cap many ICO projects are being added to the market looking at the value of their tokens it seems that many projects can be scammed. Therefore to avoid risk you need to analyze the market properly and hold the tokens.

Well looking at "value" of tokens,,, I think we all have to admit especially on defi platforms like pancakeswap, most tokens should not cost anything, not even 1 cent or 1 satoshi but many are trading for a lot of money. I saw last week one random memecoin just got 250k volume a day for what? Zero value just pure speculation.

Oh Yeah , your pancakeswap still seats 1 dollar higher from that post since 3 months ago

https://coinmarketcap.com/currencies/pancakeswap/

14$ at the moment i type this post 7% loss in the last 24 hours and continues falling.


so maybe this is not the good year for this coin to at least reach even Half of that Goal 100$.

We don't know yet if it will be rewarding for long-term investors though. It's not even really done 2 years in the market and most of the stuff there has actually been reaching parity (high APYs but wiped out by drops in token price) so it's definitely not proven in the medium term, not sure about long term.

And yeah, just fucking don't qoute the whole of my OP to just reply with your shitpost. Idc what CAKE price it's, if it got dump i will buy more, if it reached my goal, i might be sell some. What's problem with you? I don't even care what CAKE price will be reached this year, LOL

I think the Pancake trend continues to decline, apparently because there are more and more projects similar to Pancakes, and they are supported by massive promotions (we can check in the Coinmarketcap or coingecko) so that they become a serious competitor for Pancake. we just hope the price can reach at least $20, because I'm sure everyone regrets not selling when the price reaches $42.

The problem with this approach is that if its the end of bull market ... and everything says it is ... next bull market we may see in 2023-2025 and until then someone might deliver better product than pancake and you will be left with your bags that are exposed not only to investors rage quitting but also to huge inflation that I was mentioning long before.

You did pick good project, the problem is that you bought it in worse possible moment (after pump from 20 cents to 20$ in just 4 months). You were lucky that we seen final push to 40$ but you fucked up not taking profit.

As I said:


"the most rected traders" club is not yet created since I still believe that market is very close to strong bounce back and +50% or even x2 from current price is possible but not selling at this point will be a sin. And you may say that you dont care about price and if it will dip more you will buy more. ok. But its not investing. Its gambling. you gamble that in next 5 years no one will deliver better product than pancake. And its impossible to be 100% sure here. Its not bitcoin nor etherum where such approach may work. Its just token that is backed by single swap on single chain and huge inflation. Someone will deliver cross chain swap with build in bridges and you will be cooked. Low cake price also may cause a collapse of liquidity - 4,9% APR for USDC-BUSD is weak. With 5$ per cake it will be 2%. People will start to withdraw liquidity and FUD caused by htis will trigger even bigger price collapse. I know its the darkest scenario but you, as investors, should calculate risks. Not buy, buy more, buy more, pray more.

I have also invested in Cake mate and like you hoping to see at least 50$ in the next couple of years.

I don't care about the present value and even in the whole 2021 but what I'm looking is the value after the next halving .

do you really think that this can make a 3 digits value ? sorry but I'm not that confident but i like the project.

Have to admit, I'm not a big fan of Binance at all, but they keep doing the right things and that's really what counts in this space. Speaking to the minds and wants of the mainstream. And kudos also to them for BSC and pancakeswap, it may not be the best thing in crypto but they really showed the defi guys how it's done when you make a smooth platform easy for noobs to use.

actually the whole market is under decline now and not only the pancake mate and also i believe in this project to be pausing the growth because of the bearish trend now but in the couple of months the increase will come after the trend backs bullying .
That's it , the coin has not been completely proving what's it capacity in this market .

Yeah, sometimes when crypto bigger, all altcoins which has promising future can be also worthy more later. Remember, pancake swap just launched on 2020, they just been a year on this crypto mate, let them grow bigger later.

To a guy who i ignore, idk what you say and i have no intention to read your post. Thanks

Absolutely right. It has to continue performing and rewarding its investors to establish confidence of Long term Investors. Having said that when we compare other DEFI/DEX with Pancake swap and do cherry picking , it is still remains a  better choice though its price has come down more than 60% from its ATH due to Bearish BTC Market.

Like pointed out above though, the majority of new investors did so in Q1 of the year so "long term" it remains to be seen if any of the APYs promised especially for CAKE pool will be fulfilled. 100% I see right now currently but price wise that doesn't even cover to break even those who joined at ATH and see where they are today.

But we'll see of course how it all works out next year.

3 digits? looks like in the long run $cake can achieve that...

pancakeswap is 'The #1 AMM and yield farm on Binance Smart Chain' this is absolutely true. TVL currently available on pancakeswap is $ 9bn. I bought some $cakes when they were $25, I'll hold them until touch 3 digits/$cake.

Cake saw the highest price ever to be $44. When the decline started, I added $26 27, but later I realized that I was in a hurry, it was a bad analysis for me. I believe it will be 3 digits in the long run. I can say that it is indispensable for yield farm for cake.

As long as Bitcoin falling freely nothing won't survive, even Cake. I was realized Auto Staking might be great choice, however my portfolio are facing great trouble thus I continuously losing trust over it. But, I have no choice rather than stay long and won't release my fund until Cake hit at least 3 digits.

This Cake drop from ATH $40+ to down below $10 previously, yet still think consider progressing nicely. Since, It's followed the same pattern it can't hold forever and doing great against Bitcoin dumping. Even, If Cake APY percentage continues to be this high, I don't figure it will support this current price. But, I have same feeling Cake will be recovering with the market, up to $100 at last.

They did great because pancakeswap showed a massive growth. They can still grow in the future, but there is more and more competition coming and they all want to become the best DEX...
I also hold some CAKE, just because the APY is high.

This is possible because the future of pancake is very big, every project on BSC platform to be listed there, so it represents BSC platform, so its value can be considered represents a platform that is BSC.

Not every project on BSC is listed on pancakeswap, you still need to put the contract address to swap to token you want. What do you see pancake in the future? All people will prefer it instead Ethereum?

Well its too soon to tell because we also knew how good Ethereum platform and how this has been trusted for years no.
while Pancake is still gaining investors and trust from the whole crypto community.

But I'm not losing my sympathy for Pancake as i have tried Holding some decent amount since march this year and hope this will be a good investment for the years to pass.

If nothing else, crypto users have good options where to go, eth or cake. It depends on the user what advantages it will bring to him. But definitely, we can always have these 2 in our portfolio, better than these meme tokens. With these 2 platforms, we know they have actual use case in the market. Since the market seems to be in the bearish trend, it may take time before we see the prices in the market to go up again. $100 is very possible for cake, but maybe not this year.

right, from the previous bullish trend in 2017, we can see another rally after four years, namely in 2021. and again this is a bearish trend, do we have to wait for the next 4 years or it can happen before that. no one knows about it, but i guess as more and more people use cake, i think $100 can be achieved

Actually most of the people get into trading during 2016 and it reached in huge number during 2017.Pancake had some support among the traders after the launch of many bsc based token on cake exchange. As like BNB, cake also touch the moon soon.

I do believe that there is a good chance it could reach 100$ in the future, but there is no way it can do that anytime soon. This is similar to the trajectory of BNB itself if you ask me, because BNB wasn't something this high like right now, and it didn't break over 100 bucks that easily, it took years for it to reach that level. However it did break over that and reached nearly 700 bucks as its ATH, how? Because it did something big with the BSC and that allowed it to go up that much.

Cake is doing fine right now, like the time when BNB was only used to get 50% discount on trading fee, something similar and I am sure it will do something major in the future as well and it will be worth so much more. So my idea is to just buy it now, wait for it to go up, in a few years I will be thanking myself for making this investment and will be in so much profit.

After great crash and BNB going down I sold nearly all my CAKE coins. Anyways I love and trust this project. I think 3 digits isn't impossible for this coin. I want to invest in it but I wanna see Bitcoin s price recovering, in other words, bulls to return back.

You are wrong on here. You should sell your coin when it's already on above, not in bottom like now. Why do you need to sell when we are still cheap right now? You have multiple times chance to sell your coin when CAKE was above $40 or you just need to stake your CAKE without selling it

Be careful with saying a coin is cheap. :) Almost nobody in this market knows whether the value a coin or token holds is justified. This is just a brand new market and could also be well overheated. If someone shows you some new piece of software than can do a couple of things, how do you even value it? I know you could say the value is what the market attaches to it, but as we have seen in the past the market can sporadically be immensely wrong. I don't think someone makes a false decision selling CAKE now, but it might also not be right. Though if someone says CAKE is cheap now, that sounds as if it were a definite given that it goes up a lot from here. I think it will go up, but I wouldn't say it is cheap because I might very well be wrong with my feeling.

That is the correct approach, or you could just reinvest when it is bottom as well, at the top I do not like to sell because I do not like to sell at any price, my understanding of investment is that you have to invest money that you do not need and if you do not need it then keep it in, and only get it out if you think that you will not need more money. Don't get me wrong many people "want" more money, but having like few million dollars would mean that no matter wherever you are in the world, you are going to be able to live off that, just put it in a safe place and you are done, you can live off that money until you die.

So, why would I take out my investment until I feel like I am there? I calculated that I do not even need a million dollars, I am going to get out when it is less than that but right now I need about 100x to get there, and until that happens I am just going to keep reinvesting more and more into it.

A little late but finally you took profit, that's the only important thing here. I remember we bought this coin in single digits and sold it time to time and made nice profit, I'm waiting lower prices to buy back again. Current price is not attractive to buy-back but if we see single digits again I'll definitely jump in. 3 digit numbers are possible if we have another bull run, hopefully this winter. Following the price but don't touch it yet.

Any price below $100 for each CAKE is considered cheap for me, why i can't say that? This is biggest defi on BSC, why for $13 only are you saying this is too high? Compare it with ETH, which more more expensive than CAKE.

You should see the stats of BSC compared ETH right now, do you still think CAKE won't be on top 10 coins later?

You have chance to sell on $40 but you are prefer to sell it on current price, which is $13, where is your logic?

I don't hold much of this coin, but I really like what it has. BSC is indeed creating strong competition with different platforms. As for a major DEX on BSC then I think it will pick up growth in the near term.

Please be so kind and do me a favor and don't put words in my mouth. I never said it is too high, but I also never said it is too low. What I really said is that it's incredibly difficult to assess any asset in the crypto market as precisely as we can sometimes do with stocks. We can apply discounted cash flow models. Did you ever do that to Pancakeswap? Is it even perfectly suitable to do that?

Oh I am optimistic for CAKE, no doubt about that. It sometimes is just difficult to apply any specific scale to crypto assets yet and see where a coin should fit in. For us Coinmarketcap is the ultimate scale! :D It has always been. We look at a coin and say that one should be top ten. What are the top ten worth? Alright then this one should be worth $100.

Having CAKE maybe is something more profitable. Cake is safer, a major DEX platform on BSC. I have sold a bit of mine BTC to put it into CAKE, wish my decision will be beneficiary. I'll be glad to see more growth in near future. Situation is quite challenging but i'm taking this as sense of long term.

I think $100 will reach in new year 2022. Investment trends are always changing, we have to follow changes in order to continue to profit, more than 75% of my current portfolios I save on 4 SWAP coins namely Uniswap, Sushi, Pancake, and ZKSwap and happy because the value continues to increase.

100 is possible. They will go deflationary soon alongside lending and borrowing.
Moon time is coming

Its why I have not sold a single piece since 40. Next time i cashout will be way over ATH.

I have been in it since week 1 and have amassed 1.3m cakes with 2500-3000 being earnt a day. I count my blessings everyday I found CAKE. Made bank on matic and others recently but still holding CAKE
Will not sell especially at these values and neither should anyone else. Its a goldmine

Join us on https://t.me/whalearmy
Have quite a few of the cake chefs on it too.

your explanation is very informative and it is clear that you are doing a lot of research on these two most popular platform. 32$ was overrated price for uni when market correction is started uni is back in real price btw cake has no big fall down and still survive with good market value. cake has many use cases which are more than uni.

pancake also depend on binance smart chain ecosystem, if new project will launched in bsc and used pancake as trading platform or liquidity provider it will make fundamental better, cake demand will also increase by this new project. In altcoin season 100$ as target was not impossible , so far we know there is no limitation when coin pumped or dumped.

with many decentralized exchanges based on binance smart chain , investors concern must be splited . We still bake and other dex in bsc which is trying developt project as best they could to get investors. This year will be the moment for exchanges swap , there are alot dex project succesfully launched in market and price maintained. If we see another bullrun in Q4 , maybe all of DEX price will explode parallelly with trading volume.

I am quite happy with the way things are going for my Cake investment. I invested a long time ago when it was just 2 dollars or so (bought some under 2 and some over 2 but average comes to 2.2) and since I staked it for so long that I now have a lot more, which if I calculate how much I spent makes it under 1.5 for me give or take because I have been farming it for so long. Which means that I really have to worry about nothing in this market since I am already in profit enough that I could sell now, hell the price could drop 50% and I would still be in profit.

However that is exactly why I am not worried about the price and if it falls, that is why I can hold it for so long, I can sell some of my cake and make the investment back and then keep the rest at the worst case. I am just going to sit and wait for it to go to 100 dollars, I know it can do it, maybe in year or maybe in 3 years but it will definitely do it one day.

It is available for anyone to check. A DEX project such as BAKE, CAKE, or any other would be a very worthy investment in the upcoming months. I believe it's unnecessary to say that CAKE is the best thing because we have a variety of options. However, DEX like Pancakeswap did its numbers because every single token in the  Binance blockchain would goes through CAKE.

After a month passed I still don't regret my decision dumping my CAKE. Although right after Bitcoin hit 28000 something I thought to reenter CAKE and BNB. I felt like if prices stay above my buying point I would keep generating money by staking. I was right but too scared. Sad.

I think CAKE could go back to the last ath range, somewhere there or something special will happen. It depends on how Bitcoin moves, and how much high crypto market cap gains, if everything happen in order by the end of the year CAKE could hit $100 or significantly more. Few experts used to guarantee that it'll reach $100 by the summer.

Yes! you are saying right mate. cake coin has the potential that its price will reach to 100$ in near future. Last time cake cake coin made ATH (all time high) record of 44$. The next wave of bull run is starting soon and in this wave cake coin can easily hit 100$ price. The team of cake coin is very strong and as well as project too. Pancakeswap is the dex exchange of cake coin. So, hold cake coins for future.

Cake is great and will double in value this year
Cake token returns 100% APY on pancake swaps and is it’s the native token. I don’t think those rates will last forever but valve of coin goes up incredibly fast also. Most my passive income I make from cake.

By the looks of it and it's been running on Cake this year, it's definitely very good to trade on Cake, because the increase is really pretty decent and can even be said to be extraordinary for those who love Cake in this year.

I agree with you, because CAKE is indeed a very good and useful project, so it is only natural that the price of CAKE can increase very high and reach $100, moreover CAKE is one of the projects from BSC and currently BSC is very popular, so it will make easier for the price of CAKE to increase very high, so I'm very sure that the price of CAKE will definitely reach $100 or more when the next altseason occurs.

Really i was not aware of the pancakeswap APY because i never bothered to check them, but when i heard about users making a healthy profit in staking coins i was curious to check them out and now i am staking a few coins and i am planning to add a few as well and i might be staking or provide liquidity for a while and then i would book the profit before the next major correction.

Without Cake, the BSC network wouldn't be so popular. Cake is a coin where both new investors and old investors meet. The APY rate is still very good and anyone interested in staking has this coin, which makes it stronger. Most of the staked coins are not reliable, but cake is quite reliable.
But I don't know if it can be $100 this year. The bull may not last that long :)

     The point is not even the most bullish cycle of the market, but the fact that Cake's tokenomics are still inflationary, but the PCS team promised a later transition to deflationary tokenomics. Also, the price of Cake is influenced by the price of BNB and news regarding Binance itself. So I think in the current cycle, $ 100 per Cake is just a dream.

If you are gonna do liquidity, make sure you have known about impermanent loss. Most of people don't aware with impermanent loss and just blindly put their money into liquidity,and when the price of the coin is rise and they want to sell it. They would only get smaller amount compared while they did the liquidity.

Pancakeswap is fascinating with a variety of forms, so we can make more profits. The trend of using DEXs is growing in popularity and with a leading product from BSC, this only takes time to prove. Basically your $100 goal is pretty big, I think it will take a long time for it to happen.

So as what my opinion, the target price $100 was too high, i wonder from current price x3 is good chance to exit since i have small bag with them. However, CAKE is very good now, considering that there are many similar coin from other Dexes, only CAKE which I think will be able to grow in the next five years.

It all depends on the mood of the market. If everything continues to grow, then we can reach 100 very quickly, and accordingly, if the market goes down, we can easily fall 3 times from the current price.

- I don't think this is a big target for the market this year, especially a product that stands in the name and reputation of binance and its network, Binance is paying a lot of attention to how users see it, when it is looking to grow and compete more, so its top products also need to be favored, the empty market can be scary but the crypto market is crowded, even narrow, every good crypto is an opportunity. Another potential is the rudimentary projects that want to cooperate with binance, through pancake, it will be a better destination before coming to the main area.

If one day the cost can be the same as ETH, then BSC will also be considered expensive and a choice will be made on other alternatives such as BSC which has been used by many people now where in the past many people used ETH.

It all depends on development. if there is an increase in BSC transaction fees that are still acceptable to the market, I don't think there is any reason for a newer one.
but for the cake itself, it strengthened because of the staking event and airdrop rewards obtained from the program on their website. and if anything could make adoption increase even greater, I believe the price could be very high.

Many new projects have adopted the BSC network but will there be a possibility of an increase in gas fees because it will cause overblocks from the density of transactions in the BSC network, BSC gas fees will not increase drastically in the near future because of the presence of BSC to solve the problem of gas fees that many have complained about in the crypto community .

  So far, of course, this forecast looks fantastic. But I think that later, Pancakeswap will have to, like other decentralized exchanges, either implement atomic swaps or run their mirrors on other blockchains like Polygon and Fantom.

When I think of price potential, I think about CAKE in relation to BNB and UNI+SUSHI in relation to ETH. A specific defi coin on a network isint going to outsize the network. So, its hard for me to see how CAKE will get past 10 BIL market cap in the near future. If BNB suddenly went up to 200 BIL then Id expect CAKE to get in that 100 range.

Between theory and reality and the belief in it, I think they have all the necessary things to help it rise in price. But keep in mind that it is not the only name attracting interest in the field it is pursuing, I do not deny what you share, but we need more reasons than such beliefs, Differences or trends can emerge and drive prices, but it has to be huge to reach the period we think it is.

This is a fascinating study. Even when prices are being dropped, CAKE prices have gone up quite a bit since this topic was created. However, I recently examined this coin and discovered a chart that is rather amazing. If pancakes become a popular and commonly utilized DEX for BSC in the future, I believe CAKE costs will exceed UNI prices. It's possible that I'll have to consider conserving these coins.

I think $100 is very possible for CAKE and there so many factors for CAKE to reach that price -> the massive burn, the community is growing, more ppl are getting to know it. The team is mainly European but has Latinamerican devs, so is an international community. I foresee that price will still go up at least double and hopefully by the end of the bull run, to $100 USD.

Pancakes are minted according to the incentive to add liquidity so its supply will be limitless. Pancake can reach $100 if the amount of money flowing into this DEFI increases even more.

that means it all depends on the adoption and investment coming into the CAKE market. pancakes are actually really good and popular for new BSC projects. but what is more important and lively, is the staking and farming events offered. it shows that this project will be better in the long run. and I am sure that in the future all the holders will benefit greatly.

Cake is already very popular now, so many people no longer doubt about Cake's potential for the future because Cake's popularity grew through Pancakeswap which continues to offer the best events in it so that many people have started to like it because they think about profits through staking and farming.

True. Cake has won confidence of investors by its excellent performance during the past year when its Price increased from less than $ to 44 which was its ATH. As well as it has good track record of paying regular rewards but I think it won't reach 100$ so soon as competition in DEFI industry is growing very fast and New projects offer better APR as well as they operate on Multiple chains to facilitate their investors to bridge their assets from one to another network.

Cake allows staking, so you don't need to hold them, just staking them. That is the way to make stable and long-term profits. I am seeing Solana, Cardano, Matic, NEAR, Fantom ecosystems emerging and they can also be competitors to take away the cash flow from BSC. We'll have to wait and see which one the community chooses.

While CAKE has come a long way, it's recent price has been hovering around 20 dollars. Personally, I regret that I didn't sell the token at ATH before the big market dip in May. It may take a long time and some major/exciting updates before the price can spike.

I am agree with your opinion. Cake coin price is very undervalued. And it's supply is also very low. So, it's the best time to buy cake coin and hold it for next 5 years. I think its price will hit 100$. And now it is available near 10$ per cake coin. So, it's the best time to buy cake coins at cheap prices. The reason to buy this coin is very simple about this own dex exchange named pancakeswap

This coin is with us for a long time believe me, they have discovered a really good tool for trading, deposits and IFOs. The token is used to pay for all transactions, excluding the money factory, where the payment goes to BNB. If they strengthen the project with a simpler interface then the future of DEFI is behind them.

In my opinion, day traders should stop complaining about things being "stable coins" just because they can't immediately profit from them. In fact, CAKE is effectively a stablecoin now. The price of cake has always been around 18-20 dollars. I would not recommend Cake for daily trading, but rather for staking. Cake's price is heavily influenced by BSC defi activity. Take it for what it is worth. I'll happily have 70% APY until it moons. Eventually, CAKE will go up, but you've gotta be patient.

https://i.ibb.co/B6wZqpg/cake-Screenshot-4.jpg

The chart shows this coin as more reliable than many flying down. CAKE has been audited by weighty companies like CertiK, SlowMist. So of course everyone decides for himself to invest in it or not. Their exchange is convenient and easy for less experienced users.

This morning the price of Cake is $ 18.33, the price has been stable since a few weeks ago.If my prediction is until 2022 after ATH later, Cake will increase to double the current price, around 36-45$. if you want to go up to 100$ maybe 3 or 4 years from where there are more and more fans

My expectations of CAKE did not come true, I went to more volatile coins on which I can earn fast, then I will definitely return my deposit in CAKE I like it. I used to like CREAM but a bad thing happened to it. I hope all will be well with CAKE.

I was also big fane of this CAKE but in last few weeks it's not moving and having not positive trend just because of this now I am turning out this few peoples still believe in this project, but now I have no faith because recently we have some better projects which have much better prospect than this CAKE so investing in them is much better and profitable.

Target of $100 is too high right now even I am having feeling it's not going to touch this figure in long run so better moving with some other better projects much better and fruitful for all investors.

I am now in the short term buying CAKE =$18 to sell for $30. While the managers of the CAKE market apparently are not interested in a sharp jump in price.

Pancakes have great appeal, but I fear innovation will rival them. Apeswap will convert the crosslinks to Polygons, it's time for me to do it. Ape community continues to grow, Ape can compete strongly with polyzap, Quickswap, then Ape can reach $100. The main challenge is change, Pancake does not find a way and accepts the simplicity of Dex (Defi) in BSC.

Today, CAKE grows one of the few in the correction. Maybe together with BNB will give more up today. But so far not significant growth and far to ATH.

Pancake reaching $100 could happen relative to the growth of the market. The bullish market transition from the bear trend needs to be more stronger to reach this. Last year pancake have recorded it's all time high value. By that time price of bitcoin was found above $50k, and pancake touched $44. If this is the case, to reach $100 the bullish move needs to extend and price of bitcoin need to go above $100k.

But those days Swapping is really on the top like when NFT runs the market , but  the problem is nowadays that Swapping is not the a big deal now , there are even  attacks against swap so maybe even if bitcoin breaks 200k next halving , PAncake will not touch that 100$? it may be early to tell but still i don't see any big reason for this thing to happen .Half Year after?  Cake and BNB are in the lowest they can get .

Especially if we consider the attempt to reduce inflation from Pancakeswap team and community. Buy back and burn mechanism is already in place. In addition, they have vote to reduce emissions from CAKE farming. Farming less but contribute to reduce emission and lower supply. It will support price in long time.

The next bull market will be crazy for CAKE as it is one of strongest AMM platforms.  $100 for this token is exciting. I hold hundreds of this token too.

Did you made any calculations how effectively this mechanisms reduce inflation? When I was active in this thread, more than 1 year ago, it was above 200%. How it looks now?

I agree that pancake will be a big thing during next bubble as long as no one will deliver better product since than and pancake business model will work during bear market.

Lowering emissions "they have vote to reduce emissions from CAKE farming" can reduce incentive to farm and lower user base. Pancake created big userbase thanks to big inflation and market bubble so that LP had great returns and traders had great liquidity at an expense of long term investors who were sponsors of this party buying at 10-40$ range. Time will show how this business model will work during bear market.

OP picked great coin ... but in the worse possible moment. At the top of x100 bubble.

Because they build a great product, it will work in this bear market. How will it shine in next bull market, I don't know. I know what can not kill us will make us stronger. If bear market can not kill Pancakeswap, it will be stronger during the bear market and will shine in next bull market. How will it shine? We have to wait next 2 years.

Bear market can kill investors, speculators, gamblers but they can not kill good exchanges. Pancakeswap is a good one.

Remember that in crypto expectation is not indeed to happen most of the time and we are nearly to experience behind our expectations.
and also when you buy think that the amount is soon to fall than to earn so when it climbed then you are in Bonus .
CAKE is a good project but nowadays that market is in bad position better not to make it short term instead long term holding.

Back to the inflation. i'll try to estimate it by myself. Total supply equals 307 426 131 CAKE. Based on coinmarketcap hystorical data snapshot 2 months ago 24th of April CAKE Total supply was 288 117 757, so we are talking about 6.7% in 2 months = ~45% annually. If fact its much better than 1 year ago (200%), but it also means that with current traffic on pancake in 2 years bear market supply will double and if we are about to enter 2 year bear market i doubt that traffic wont dump so as burns. You can compensate it with long term Locked staking which yell decent roi now. It doesn't look bad at current price.

we will know the answer in the future, especially in the year when Bitcoin will Halving, yes! 2024,
my prediction is 2024 will be a Bullish year like 2021, and if CAKE still has a good development,
then I also believe CAKE will reach new ATH, it all depends on Bitcoin, Bitcoin Bullish then Altcoins will also go to the moon!

The $100 estimate for the cake is now tentatively certain to no longer come true. Until then, until the next bitcoin halving. If the Cake team realizes good solutions, I think it can reach this target level. It is one of the best amm platforms in the market. It has too many users. They are constantly voting for the problem of inflation and I think it is a good job that they put their investors to vote in this way.

Can go back to the price of $ 20 Cake is already very good, instead of thinking about $100 for the price of Cake,
it's better to focus on recovery, we know Bitcoin can still experience another dump, because many experts say we are in the capitulation phase,
which means it's not safe, and Cake can also be to $1, so we have to think carefully and correctly

In the flow that has happened in the past year or the past, this is the case, but will in 2024 there will be no more changes in the market and people only imagine about the increase in the price of Bitcoin and altcoins due to halving reasons? Because I believe in it too, but will it be like what has happened in the past with all altcoins including Cake ?

that is my goal too, because I believe that Pancake will become a very popular exchange (swap) and of course many people will use Pancake Swap in the future, so that will make the price of CAKE can increase very high and continue to create a new ATH price, so of course I'm sure in the future the price of CAKE will be very easy to reach $100 or more than that, especially when the next altseason occurs.

Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.

I am not strictly following the coin like what I am doing with BTC so I am not totally updated with it's price but maybe the coin did experience some increases last time compared to its price shown in the first post. Pancakeswap is already popular and I think it's currently second if not the first in the decentralized exchange category.

Lots of DEX's have already been created but pancakeswap is still standing strong. If this continues then CAKE's value can still grow. The altcoin season or the bull run can also make things faster. Don't stop believing peeps. Just keep on buying and holding. This is a better hobby than investing in new/hype coins.

indeed altcoins need the strength of bullish support to reach the new ATH price, sometimes if they are already in a high price position there will be large dumps by altcoin holders who will sell quickly. and reduce the volume being processed. sometimes I think I have to be quicker to take positions when altcoin prices are discounted to buy and sell at peak prices

I bought cake when it was $4+ and I'm still at losses on it but that's okay since I've registered it on pancakeswap's stake.

We're unsure with that but I'd love to see that happen and that's possible. We all know that bitcoin's price is the major factor for the price of altcoins like cake to go up. I would like to see it someday that my farming in cake will be worth it before the bull run happens. I don't have a lot of cake but it's still worth it if it ever hits $100, I'll get around a couple of hundreds if that happens plus the potential amount I'll earn from staking it.

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

That is if another better swap project doesn't take cake place, this speculation remains uncertain because this days better swap platforms are coming up, from the arbitrum chain and optimism, even Uniswap might get taken over, I am not saying Cake will fail, it's one of the best swap on BNB chain but I am concentrating on money flow, by next bull season more money might flow into new swaps.

in that halving season (when you created this post)  yet the price did not go even closer to that price but at least 44$ is the highest reached value.
and maybe in the next halving? possibilities can happen lol.
wrong , the ATH is 44 dollars mate and yes this can grow more in the coming years as people love swapping nowadays.

The Pancake (Cake) had good numbers of supporters and traders now.As like Binance,Trust wallet,the cake also used as the exchange of crypto from altcoin to most of the trusted crypto currency.So the demand of cake will keep on increasing in upcoming days.All time high of 43$ is very huge for the new coin like cake.Cake competitors are Kucoin,Binance,WRX.So when ever the price of this coins increases,the price of Cake also increases.The price of cake is also dependent on Market,the market also impact the Cake price.Next target of the Cake will be 100$,expected to reach in this year.

This is an interesting study. Even when the prices of other altcoins are falling, CAKE's prices are going up quite a bit. However, I recently checked out this coin and found the graphics to be absolutely stunning. If CAKE becomes a popular and commonly used DEX for BSC in the future, I believe CAKE's price will exceed the price of other Altcoins. Maybe I should consider keeping these coins.

Indeed, CAKE coin is a good coin to buy considering its supply and the way it has been running to this day but I would be quite cautious about it since there are also several competitors that offers some if not entirely the same services as PANCAKESWAP not to mention the possibility of better options popping out in the coming months as well. With all these considered, invest but don't overdo it. Just enough to make you happy when the bullish season comes and just a bit sad when the price doesn't head towards the direction you dream of. hehe.

There should be better and newer decentralized exchange tokens coming out in the next bull market although having some old ones isn't a bad idea. As it stands this prediction is looking impossible to achieve and not even UNI can achieve it.

Maybe a price of $30 can be achieved in the next bull market and that should be around 10x return but as for $100, that'll be asking too much of the project. Pancakeswap is no longer been hype as it was when it was launched.

We now have other swaps on the Binance blockchain and Binance also have their own decentralized exchange so alot of volume won't be going to pancakeswao anymore and that volume is needed for the price of their token to increase.

of course it can happen, because CAKE is one of the biggest and most popular swap exchange, besides that CAKE is also a DeFi that is widely used by people, so that makes me sure if CAKE can reach $100 someday and there's nothing wrong if we add CAKE in portfolio for long term investment.

it would be better if this platform could integrate some of the newest layer 2 blockchain into their platform really fast, like many other swap platform has been doing, i think in this regard cake is really slow and couldn't take advantage of momentum.

I was a bit rude with my statements when advising against investing in cake in 2021 at $10-$40. Too rude, but so far everything is as I predicted. The bull market is over, the bear market came and crashed altcoins hard. Now it's 2023, cake at $1.5 after a -97% ATH dump. So far, there is still no better product on BSC. No better product elsewere.
@numanoid do you still hold and control the cake investment? is there any valid reason for the recent dumps? Fundamentally okay? I'm asking because I'm wondering now to pick up the hole after the market crashed in panic, dumping -50% in a month. The current price and position outside the top 100 CMC seems like a super promotion.

Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.

https://www.coindesk.com/markets/2023/12/28/pancakeswap-proposes-to-reduce-cake-token-supply-by-300-million/
"Decentralized crypto exchange PancakeSwap's Thursday proposal to reduce the supply of its CAKE token by 300 million was welcomed by most of its voting community.
The decentralized autonomous organization (DAO) controlling the governance of PancakeSwap floated a vote proposal to reduce the maximum supply of CAKE from 750 million to 450 million. The voting period began in early European hours on Thursday and will last until 8:00 am UTC on Friday."

I also agree with you because it's not possible for PancakeSwap to reach $100. PancakeSwap is currently at $3.08 with a long way to go to reach $100. However, on 30/04/2021, the price reached a high of $44.1823, but currently the price has come down a lot. In my view, I would say it is doubtful whether PancakeSwap can recover its price. But let's see if PancakeSwap can recover its price during the bull season.

Thats the ATH but having its price now? who will believe that Pancake will reach 100 dollars any time soon? with 1 digit value now am not sure that even in the next bullrun this will attain 3 digits .
and also swapping nowadays have lost their momentum so there is a small chance this will get up to 10 dollars above again .

PancakeSwap is popular but I think PancakeSwap price will not reach its previous ATH in next few years. There are a few reasons why PancakeSwap is unlikely to reach $100  First, it would imply a very high market cap, which may not be feasible given the project's current uptake and growth potential. Reaching such a high price would require a significant increase in demand and trading volume, which may be difficult to achieve. Overall, although PancakeSwap has growth potential, I don't think it's likely to reach $100.

I've seen some projects that have shown eminent performance to show that they can also revisit their all time high again as long as it's been consistently considered for that through it's investors, as you have said, if there could be a magic that could make the market cap and trading volume of pancakeswap rises then it could get more attractive attention to perform well if it well funded.

They burned a lot of their tokens from circulation which is bullish news for the CAKE community. Also this will surely have an effect on the price and their it is one of the biggest dex on BNB chain so i think the CAKE community will enjoy the rally. If uniswap can make a rally towards the 100$ then CAKE also has a chance to follow the same way but 100$ undervalued or overvalued? I wants to assume a realistic value as i am not a CAKE holder and i think the price can easily cross 40$ in the next bull run.

PancakeSwap is currently priced at $3.16. But when the bull season starts, it can go up to $10 or even more. I accept your prediction that reaching $10 will be possible for PancakeSwap. But I not believe in reaching $100 because there is still a long way to go to reach $100.

with all of that we both agree, it can easily reach 10 dollars as there are a bull coming and the market will mostly pushes top 50-100 coins to grow higher but yeah that 100 dollars seems to be impossible because pancake and other swapping porjects have lost their popularity years back .
not until there is a new update , indeed that we will never be seeing that growth to cake in our time now and even in future.

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
 pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.

I know it was popular before because its exchange was still hot back in time during the boom of BSC tokens, but I'm not really sure now since many crypto projects and exchanges have coming out, and I'm not really that updated on dealing with the tokens and altcoins.

So, you might be right that it may not reached its all time high anymore. Sorry for saying that, to those who will read this and if you are a supporter of this token. Pancakeswap's ATH was $44, but if we think it is unlikely already, then how much more that $100 the OP is assuming? That would be even harder for the token not only because of what I said earlier but also to the factors that you have given there mate.

Everyone is free to speculate and people can name numbers with the predictions that they say like that.

And that's why it is a speculation or prediction that OP is believing it. What if it happens in the future? No one knows and if it won't happen, those that don't hold it are totally fine because you don't have to stress yourselves with it.

Who knows maybe this halving and bullrun will be the major reason to boost the performance of this coin, but there must be a tangible evident to fall back on by first seing the market cap rising and then the market volume as well, we cannot predict the exact coin next to rise, not even by their parameters as indicated from their market performance, you can suddenly discover a coin speedily rising while it's developing it's market along side.

It is normal that there is no confidence in being able to increase to $100, but if you analyze the last ATH, which was achieved at $40 where the starting price was very low at only $1, of course this ATH is an achievement in itself.I agree with you that we cannot know the halving period after which it will enter a bullish period. Of course, it will provide a surprise for all coins, including, of course, pancakes. It is not impossible that it will provide a boost due to active use, but it must be admitted that pancakes are still often used compared to what they are up to now. This. So for me, it's probably not impossible that a renewable ATH can be created again by him.

the only problem with cake is that they have unlimited supply at least for now but I hear that the dev is making a proposal to make the maximum limit cap for the pancakeswap and I hope it's true.

I know that Cake is regularly burn but unlimited supply is just not my thing I love when there is coin that has max cap on it. so point is cake can reach 100 if there are max cap in my opinion. and ofcourse they can reach beyond 100$ since the app itself are growing not just happen in BSC as their main platform

Pancakeswap is the uniswap of the BSC chain and its still popular on bsc network. It has the potential to touch 100X? It depends on how the BSC ecosystem expands in the upcoming bull season. Other layer 2 of ETH is expanding their ecosystem rapidly and we have seen how an arbitrum layer 3 network launches with a multibillion-dollar FDV marketcap. That is insane for a project that is built on top of the ETH layer 2 project. In this race if BSC wants to hold their top position they need to be innovative, and without the expansion of the BSC ecosystem, I am not sure how well CAKE will perform.