PANCAKE (CAKE) will reach $100. My own goal, NFA

[lixer]

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.

[LGD2Business]

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. 

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.

[SquallLeonhart]

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.

[perfect999]

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.

[numanoid]

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.

[numanoid]

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?

[LGD2Business]

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.

[numanoid]

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.

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

$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

[CaVO32]

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.

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.

[DaMut]

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.

[leea-1334]

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.

[numanoid]

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

I would rather avoid investing in cake.

Who also avoided investing in CAKE like this guy?

[Tytanowy Janusz]

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

I would rather avoid investing in cake.

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.



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.

[DaMut]

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.

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.

[numanoid]

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.

[numanoid]

Total Supply   143.095.162 CAKE

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.

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.

2- You should take a look at inflation. This year Cake inflation is like 300% - ~200% after burns!. Its crazy to invest in CAKE.

 

[Tytanowy Janusz]

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.

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

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.

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.



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

[numanoid]

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.

[numanoid]

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!!!

[leea-1334]

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

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?