Why bake and Cake going low?

[hongus]

Look, but it depends on the general demand in the market. When Bitcoin goes down. All projects are running for a stable. I think pancake is no exception. It's just a game. This is just my vision.

[serjent05]

I have a big question that


On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked.  This means most are holding are holding cakes to earn cakes or what ever the token or coin.

If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?

Even though many of the token of cake and bake are locked, the TVL does not necessary means a demand.  With the token inflation and a sudden turn of the market to red, many holders are converting their token (cake and bake included) to a stable coin to preserve the value.  Lucky that the market is currently recovering so we see some increase in price on the major cryptocurrencies.

[Shallow]

I have a big question that


On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked.  This means most are holding are holding cakes to earn cakes or what ever the token or coin.

If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?

One thing I have to say is, the market is a respecter of no coin, that is, when it goes bad, all coins will be affected, unless those with strong news that will manage to stay afloat. Nevertheless, remember when market dumps, many who are holding will rush to sell in order to protect their investments, this then contributes to the dumping of the coin or token in question.
However, it is not dumping in price should be the major concern, the major concern should be on the recovering of that token. In the case of CAKE, I have noticed that it is always fast to recover when to compared to others meaning that people who dumped will always rush to buy up again because of that reward they get when CAKE is staked.

[Fredomago]

I have a big question that


On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked.  This means most are holding are holding cakes to earn cakes or what ever the token or coin.

If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?

Even though many of the token of cake and bake are locked, the TVL does not necessary means a demand.  With the token inflation and a sudden turn of the market to red, many holders are converting their token (cake and bake included) to a stable coin to preserve the value.  Lucky that the market is currently recovering so we see some increase in price on the major cryptocurrencies.

Not because its look means that the value are stable still relying with how the entire market is moving, we see dump for a couple of weeks
and those who hold their stake assets follow the sentiments and sell their holdings.

That affect anything around, good to see that currently  we again see that there's agood market run and more crypto assets are following this trend.

Once the momentum start to pump up the value will rise following how the market run.

[iv4n]

One word answer, crypto!

It's incredible how these tokens got pumped in the first place!? Now we ask why dump came?! C'mon people, we are in crypto! How many times we saw similar hypes!? What goes up must come down?! But some rare birds always fly higher...

So we have another drop and another drama... for many of us nothing new! Some take it too personally! It's just the business, chill and give it another try tomorrow!

[harapan]

Many altcoin that have strong fundamental product, so that alot of investor buy and stake it, and there are some altcoin which 80% of the circulating supply staked but the price can not avoid by control of price action of Bitcoin. Bullish or bearish sentiment of BTC will effect to whole crypto market.

I agree with you, just because a coin has a strong fundamental doesn't mean it won't be affected by bitcoins price movement, literally every single coin on the market will get affected whenever bitcoin starts dumping, even coins with low supply get affected also, yfi dump from $70k to about $30k when bitcoin dumped about recently, no coin can goes against bitcoin price movement especially when there are weak hands holding it.

[Tervelatuk]

Many altcoin that have strong fundamental product, so that alot of investor buy and stake it, and there are some altcoin which 80% of the circulating supply staked but the price can not avoid by control of price action of Bitcoin. Bullish or bearish sentiment of BTC will effect to whole crypto market.

I agree with you, just because a coin has a strong fundamental doesn't mean it won't be affected by bitcoins price movement, literally every single coin on the market will get affected whenever bitcoin starts dumping, even coins with low supply get affected also, yfi dump from $70k to about $30k when bitcoin dumped about recently, no coin can goes against bitcoin price movement especially when there are weak hands holding it.

ist right , every altcoin have strong rellation with bitcoin. psychology market will affraid if bitcoin price drop hardly. if we've see this many times and weak hand that cause demand drop and price fall. fundamental could help it to hold price so price will not extremely fall.

[Fatunad]

I have a big question that


On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked.  This means most are holding are holding cakes to earn cakes or what ever the token or coin.

If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?

Those coins being held or lock is just part of the entire supply.You should look on the bigger picture and determine on how much coins are circulating in total.You can able

to calculate out if what percentage those staked coins show because if we do talk about price decrease or movement then it all matters with the demand.
If its crashing then simply tells that people are selling out which is aside into those tokens that you've been watching.

Always watch or look to the entire supply than on those small counts or portion.