Is Cake Coin good for Passive Income?

[Sayeds56]

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/

[passwordnow]

No for me. I don't have to go through with the project but in my experience, if I'll be looking for a passive income in the crypto-verse then I'll choose those projects or coins that have been well known and established.
They are a better choice than to rely on a project like this. This is my opinion so if someone is an investor and earning passively with this coin, good for you but I just don't want to make the same mistake that I've done before.

[businessgirl]

Yes cake is very good for passive income. Cake is token own by pancakeswap project which is number 2 in bsc contract address according to transaction.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed  a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.

[maxreish]

I have acquaintances who bought Cake before the huge pump and gain massive profits. Sad that I didn't manage to ride that hype last year.

But as I can see on the chart, it is still a good time to buy cake now. Or wait a little bit to touch the line on the floor for RSI. You can also confirm it with the other indicators but the MA didnt crossed line yet so it may possibly go down further then you can enter and buy it.

[Sayeds56]

Yes cake is very good for passive income. Cake is token own by pancakeswap project which is number 2 in bsc contract address according to transaction.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed  a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.

Very nice comment. I have been trading and staking CAKE coin since past six month and have booked handsome profit. I still don't understand the Value Proposition of Defis, How they can generate such huge profits which no other form of Business can match. The other question which everybody keeps asksing, " Whether this huge payout is sustainable?

[lumierre]

Cake made it to the top 100 on CoinGecko and CoinMarketCap. The price for today is already gradually increasing. I think the project is very promising and the coin is good. The token did not grow very quickly, but in the last week it has doubled its value. I will continue to watch it and will invest!

[Sayeds56]

Cake made it to the top 100 on CoinGecko and CoinMarketCap. The price for today is already gradually increasing. I think the project is very promising and the coin is good. The token did not grow very quickly, but in the last week it has doubled its value. I will continue to watch it and will invest!

Cake is well above 2.5$ and accumulation is on. A Breakout is likely to happen that can take it to new all time high. It has paid huge rewards to its investors for staking and yield farming. That's why it is in high demand and price is escalating.



https://www.tradingview.com/chart/CAKEBUSD/QZzQviCa-2-90-Cake-busd-looking-to-move-higher/

[cotton ball]

the cake is quite popular for investment nowadays where their staking program is running well until now, of course, this makes the bsc platform more feasible for investment later however the cake will continue to grow, see how the bsc platform makes it easy to invest in cheap gas costs, you don't have to spend a lot of money on fees and quite fast for investment.

[FireBallex]

To me I won't feel at ease if I stake any DeFi projects or go ahead and going their yield farming program because they are DeFi, they can get hacked at any time and that won't be good, if I want any passive income it will be from popular altcoins like NEO

[thenextking]

Like free cake? 😂

[tvplus006]

Very nice comment. I have been trading and staking CAKE coin for the past six month and have booked great profit. I still don't understand the Value Proposition of Defis. How they can generate such huge profits which no other form of Business can match. The other question which everybody keeps asksing, " Whether this huge payout is sustainable?

Such platforms look and feel like economic games that were popular a few years ago. When you could, for example, buy a tractor for real money and get additional income for it, cultivating the land. As a rule, all these economic games were ordinary ponzi schemes, in which players lost their invested money.

[Beparanf]

Considering the APY that you can get when you stake on this coin is a good source for passive income. The only downside was the volatility of the value of this might give you a lose compared on what you earn on your passive income. Most of the DeFi tokens offers a good passive income and they have all downside which I stated above. Its up to you to measure the risk of worthiness on this kind of investments.

[kevinzxz]

yes I agree if CAKE is a good project to get passive income, because I have proven it myself by using a product from CAKE to get passive income until now (I use SYRUP Pool to get passive income, because I think SYRUP Pool is the best product from CAKE to get passive income) and in my opinion CAKE does provide a profitable passive income, so it's only natural that now CAKE is becoming popular and the price has also increased very high.

[X-ray]

This coin is really good to be used to earn the passive income from binance platform. When you are using cake and you will be able staking your cake to get the various legit token on binance pool.
I have been participating in the cake staking pool and i have always received some legit coins as my passive income that i can sell it on binance.

[barbara44]

I assumed this was pancakeswap and the "cake" token they created, that is a cake defi that is basically what this topic could be mistook for. I do not know if cakedefi that this article suggests could be any good or not because I have no knowledge about it, but I would like to hijack the topic here and mention pancakeswap which is basically uniswap on BNB chain and how awesome that one is.

It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.

[CryptoTech_]

Staking using any token is not only $CAKE requires a large amount of capital to get good passive income. I've also staked $CAKE and only got trash because the capital was too small.

[Iyeman]

You can earn passive income from staking your cake to the pool or farm '

https://pancakeswap.finance/pools
When you are staking cake and that will you more APR to get big passive income from cake.
I just remind you about you can also earn from farm and pool at the same time too. This coin is a good coin to be used as long term investment.

Or you can try to take a look at sovryn. 

[speedforce]

The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.

[Sayeds56]

The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.

The current Price CAKE is above $4. When we look at its Technical chart ,It has shown tremendous performance during the past 15 Days by rising more than 100% and continuously rising that signifies the Huge investment coming in DEFIs sector. This sector of crypto space has paid Huge dividends to its investors. I think it will continue attracting investors as long as Pay out remains stable.

[shinratensei_]

The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.

You must see that if crypto is moving forward and more adoption was coming from the big company. Even tesla will be bought 1.5 billion worth of bitcoin.
I believe in elon musk lol. So many cake holders were getting a very big return now. I have a few thousand cakes on my wallet and that's a lot of money right now.
As long as the project listed on the pool can provide sustainable development progress and it will make the price will increase. Holding cake will give us more APR compared when we are using another coin to participate in the pool.