At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.
there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.
think about the time when the OP posted this thread, he mentioned cake was about 20 bucks at that time. and aiming for 50 bucks. wow, look at where we are now. cake is barely $1.5. and so the aim of 50 bucks is like a miracle mission right now.
that is true most of this type of trading platform have already reached their peak, and so rising up to where they are right now needs a life-changing move from their developers.
many have said that after ftx collapsing many would flock into these swaps, but turns out thats not really true, but I might be wrong since the price decrease of these swap coins in general didn't reflect the current state of the swap platform themselves.
since we all know very frequently that some coins are just made for decoration.
but then again, seeing the other swaps, we could deduct that they have generally have one thing in common that is downtrend, maybe the coin with their utility, aren't really that needed at the end of the day.
