Is Cake Coin good for Passive Income?

[distr@yopmail.com]

PancakeSwap popular exchange and i like to trade here because it's has a small commission. At this point the exchanger passes Easter Battle and my team wins this competition. Cake is definitely worth having in his portfolio.

Absolutely right, it is the most popular DEX on Binance smart chain and has good track record of paying regular rewards to its investors though its price also declined more than 70% ( from $ 44 to almost $ 13) during the  past 2 months with slide in Bitcoin price but it happened with almost every alt coin. Crypto market is very volatile and so is Cake.

I think for a good asset like CAKE, it's not important to see the current price. almost all DEX exchange tokens are also experiencing the same problem. you can see UNI, it came with a very extraordinary airdrop distribution. CAKE had the same problem. but developmentally CAKE might be better. Staking provides a sizeable return is one of the attractions. not to mention, the capitalization of the pancake market has increased quite significantly this year with an increase in new projects appearing in the BSC network.

[iTradeChips]

I have been sharing some anecdotes about colleagues and friends who say only invest in Bitcoin and Ethereum, but in fact one of them invested in CAKE and took a huge profit before. I was actually impressed by his fate in crypto as he was able to get good and very big profit. Anyway, if that is the case you should be very careful with the investment and be able to decipher which ones are legit and which ones are audits that are not allowed. Sometimes, it is not the crypto but rather the person who has the crypto will be able to make the difference from doing good or bad.

[hd49728]

I have been sharing some anecdotes about colleagues and friends who say only invest in Bitcoin and Ethereum, but in fact one of them invested in CAKE and took a huge profit before. I was actually impressed by his fate in crypto as he was able to get good and very big profit. Anyway, if that is the case you should be very careful with the investment and be able to decipher which ones are legit and which ones are audits that are not allowed. Sometimes, it is not the crypto but rather the person who has the crypto will be able to make the difference from doing good or bad.

Pankeswap will help CAKE to have higher value but no smooth rosy growth and the market will challenge Pankeswap and CAKE along the way.

Fate is not all he has, to win in crypto market, you need to choose good crytocurrency and hold them long enough. Sometimes people can get rich after one night with shit coin but if they can not have good portfolio management and always gamble with shit coins, all money will be stolen.

Investment based on fundamentals are better than shit coins and gamble. Pankeswap and CAKE are good fundamentally.

[Beparanf]

I think for a good asset like CAKE, it's not important to see the current price. almost all DEX exchange tokens are also experiencing the same problem. you can see UNI, it came with a very extraordinary airdrop distribution. CAKE had the same problem. but developmentally CAKE might be better. Staking provides a sizeable return is one of the attractions. not to mention, the capitalization of the pancake market has increased quite significantly this year with an increase in new projects appearing in the BSC network.

I agree with the point. CAKESWAP is similar to UNISWAP, the attraction of this exchange is huge. DEFI is a sustainable trend so CAKE will continue to maintain and increase its value in the long term. CAKE staking is a good choice compared to other AMM projects on BSC.

The only problem on CAKE was it was being over hype and always being target by pump and dump of group so the price volatility is very high. You might suffer a big loss if you stake CAKE while the price slide down hard. The rewards on CAKE staking is very generous which usually result to over supply in the market so the price of token being mine always decreasing in the long run due to new token being mine daily.

[tvplus006]

Pankeswap is currently the best decentralized exchange in the BSC network. But despite this, CAKE is also subject to dump, like other coins, including DEX coins, like UNI and 1inch. If you have held CAKE since the formation of Pankeswap, you still have a positive balance despite the dump.

[Review Master]

And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.

If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps.  

[SirLancelot]

I feel like there is this secret that nobody talks about and many people think about. Cake looks like the perfect and amazing investment that can bring you the greatest passive income of your life, you could literally live off that if you have enough savings, it is amazing and it is unbelievable how much you can make with it.... unless it drops like hell. I have friends who bought at 30+ and now they are in big loss right now, even though they are making money daily, it is not even close to what they spent on it.

Of course the day it goes back to what it was and they make that back, they will have even more, because they would be farming during that period as well so the same price they bought would be actually even more profit, they would be in profit even at lower prices than they bought BUT that still requires it to go up. So, it is amazing until it drops, then suddenly it is not amazing at all.

[Sayeds56]

And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.

If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps.  

I am also long term investor of Cake and believe that it is one of the best DEFIs project with handsome rewards as well as appreciation in price. Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins.  Not a financial advice. DYOR

[ten seventy]

Don't get FOMO with those shitcoins. There are many of it in the market that are really good at first and in the end the coin getting ignored and becoming no value at all. If your trying to convince in the OP that the coin you mention is really good then to it is not effective and I will not believe in it.

[Review Master]

Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins.  Not a financial advice. DYOR

Indeed, correction market is the best time to accumulate more cake for farming. Specially, it's best to accumulate more when there is still more possibilities for making another new ATH because of the adoption and development rate. Recently pancakeswap announced lottery V2 with a grand prize of $5 million worth of cake which is great us like cake hodlers/farmers. Lets try our luck to get any shares from it whoever's doing yield farming, IMO. As always DYOR before taking any steps for yield farming. 

[Pamadar]

And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.

If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps.  

I am also long term investor of Cake and believe that it is one of the best DEFIs project with handsome rewards as well as appreciation in price. Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins.  Not a financial advice. DYOR

If you do have time to research more deeper with this coin and you can spare good amount of investment,

There's always a good outcome to those investors who take time to analyze and work more deeper with the investment that they'll going to participate, cake have that capabilites to give handsome rewards especially now that the value is far cheaper from the last time high, for sure appreciation from those passive seekers are into this asset.

[CaVO32]

as long as the conditions of the exchange are good and always make the price of the cake go up then it can certainly provide quite a lot of income but if the condition of the exchange is collapsing like this then it will make you lose money because the selling price at the exchange is falling, hopefully the pancake platform can last longer so it can keep a lot of people calm.

Yes, it really depends on the exchange performance in the market. And right now, it seems pancake swap is still doing good, so investing even today can give you good profits. But you need to check their volume if they are improving or going down. Because that will give you idea if they are doing good in the business. I guess, those who got early in the farming in pancake already got their initial investments back.

[Sayeds56]

as long as the conditions of the exchange are good and always make the price of the cake go up then it can certainly provide quite a lot of income but if the condition of the exchange is collapsing like this then it will make you lose money because the selling price at the exchange is falling, hopefully the pancake platform can last longer so it can keep a lot of people calm.

Absolutely right. I think by conditions of exchange you mean software, the problem of DEX exchange comes when their code is hacked, it happened on Pancakeswap once but they quickly resolved this issue, I hope it won't happen again. Now Cake is again getting Bullish and yesterday its price increased 11% and next likely target is 21.50 but you need to hold it with patience. I have experienced that cake is also good for day trading provided you use Technical charts. NOT A FINANCIAL ADVICE. DYOR

[FinneysTrueVision]

Cake coin is very popular nowadays  on all social Media channels for generating passive income. Its price has increased many folds during the past one month because it is in high demand, as individual  investors have shown great interest in this coin for staking their funds and harvest good returns on weekly basis.

Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.



https://news.bitcoin.com/cake-defi-a-one-stop-shop-for-generating-yield/

I thought this was about Pancakeswap but the article you linked to is for something else called CakeDeFi and whose ticker symbol is DFI. Of course you'd expect Roger Ver's website to be publishing misleading information and confusing users.

I don't know much about DFI but if it needs to name itself after a more popular project to confuse people then it is not worth my time. Pancakeswap is the biggest decentralized exchange and it is very trusted. The APY for staking CAKE is still over 100% so if you want to make good passive income then this is a very good choice.

[Masyudhi]

Yes, it really depends on the exchange performance in the market. And right now, it seems pancake swap is still doing good, so investing even today can give you good profits. But you need to check their volume if they are improving or going down. Because that will give you idea if they are doing good in the business. I guess, those who got early in the farming in pancake already got their initial investments back.

actually, the momentum happened to the bull yesterday. CAKE has a very good price and has now gone downhill.
buying it then staking on the pancakes looks like it would be good for profit. the price is still not too expensive now and we can start staking. many have benefited from CAKE.

[onecall123]

Those who bought cake coins before the recent pump have made huge profits but then that can not guarantee the future profits potential of cake coins, so I will advise you just take the risk of holding for the future and accept whatever the outcome will be. All passive income investments also come with their risks.

The CAKE is rising, I missed to get entry because of low balance. Few weeks back CAKE down $10 USD. I used Syrup Pools automatic restaking cakes and getting cake everyday. Most people asserting this is useful for automated revenue. So, what is the issue? You should concern risk factor to avoid further losing.

[perfect999]

If you do have time to research more deeper with this coin and you can spare good amount of investment,

There's always a good outcome to those investors who take time to analyze and work more deeper with the investment that they'll going to participate, cake have that capabilites to give handsome rewards especially now that the value is far cheaper from the last time high, for sure appreciation from those passive seekers are into this asset.

There is also a good amount of money to be made depending on what you are willing to wait for, because there is money to be made in the long run if you could simply just wait. People are forgetting that crypto is a long term deal and if you can find that good coin and invest some money into it then you can make a good return from it in the long run, in a few years at least.

I have a friend who does that and he has been making a killing during this bull run, he was a bit lucky and had money in 2018 so he put it all on dozens of different coins and in 2021 all of those coins were revived and actually worth something, he knew that one day they would and almost all of them did, a few didn't which is understandable but he never invested into a coin that is outside of top 1000 anyway, it was all coins that people knew and there were a community for it.

[Distinctin]

Those who bought cake coins before the recent pump have made huge profits but then that can not guarantee the future profits potential of cake coins, so I will advise you just take the risk of holding for the future and accept whatever the outcome will be. All passive income investments also come with their risks.

The CAKE is rising, I missed to get entry because of low balance. Few weeks back CAKE down $10 USD. I used Syrup Pools automatic restaking cakes and getting cake everyday. Most people asserting this is useful for automated revenue. So, what is the issue? You should concern risk factor to avoid further losing.

You are certainly be missing them because you don't trust this project in the first place and we know that we mostly underestimate new projects. But should we have to blame ourselves for missing this opportunity? I don't think so as I think also that Cake coin had nothing potential to stay in the market for a long time. We could say it was passive income for short-term investment but if we consider it for the long-term, we can't guarantee for that.