Why pancake performance is so terrible?

[Psynthax]

I don't like the tokenomic from this token. This token didn't look good at all and it's over valued. You were so crazy by buying it at the high price. Yes it has unlimited supply and burn mechanism but again token getting minted from the contract is even higher compared with the regular burn that already done . This is creating the same ecosystem like SLP but the only good thing inflation was not so crazy like SLP.
You can't expect a token with unlimited supply like this to have good performance like another swap token which has limited supply. It will be going down if the market goes down even more.
It may need months to recover but im not even sure if it can reach the your position again.

[Ulven]

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.  

You can put your anger aside and try to calm down because the market is volatile and sharp, and here you can wait and follow the path of the currency price in case the market continues in a downtrend. You can take the chance and buy more cake tokens and then you will make better profits. is not it!!!

[cryptoperkele]

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.  

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

[JayTrain]

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that. 

I think the answer lies in something else, there are too many competitors in the same direction, the cake coin has become unpopular, plus the last IDOS on pancake were unsuccessful in terms of profit, all this overlapped with each other and we see negative dynamics.

[goinmerry]

I'd like to see it come in prices like 15-20 dollars like before. But i don't think so. Maybe it will last be chance for Cake and Pancakeswap

Since the crypto market is speculative, we can't say $15-$20 is not achievable. Maybe who knows what will happen in the next bull run or so.

If Pancakeswap is worth to invest, trust your instincts. You won't choose that coin if you didn't see its potential.

And lastly, don't come to the conclusion that crypto is just easy stuff where if you target $15, it will happen.

[Ten98]

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

Cake is now at a price level that it shouldn't be so there is hope from some people to be at a higher price from now on, because I would prefer to see Cake at $20 as I had seen it before the correction occurred.

[aruldaroy]

So far as far as I know the performance of pancakes is fine and nothing is bad but there are lots of fraudulent coins that are so easily released on pancakes without them thinking about the risks, sometimes they don't even pay the fees.
I've used Etherdelta and Frdelta in the past and the pancake swap performance is almost the same as theirs so it's easy to get scammed.

[kotajikikox]

Ok first of all l thought maybe i should give it some time to recover and it will show its power but damn this coin literally angers me. When bitcoin coin crashed it was like -22% and one of the worst affected cryptocurrency, I was like ok I will give it some time and it will recover with same speed bit no when bitcoin start recovering the other coins move up to double digit but this guy hardly moving at all. I still think it is one of best crypto coin in universe ok at least in Earth it has so many use cases like staking, ico and the team also burn coins from time to time. So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.  

Swapping is a new trend so i think pancake is just resting while regaining support and power.

Cake shown its force last year and still keeping the power though with the market weakening all coins suffer dumping but this does not mean it will stay forever.

If you trust the coin then just keep it there but if not then it is time to sell lol.

[zaim7413]

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

That's right, now is still a very good time to get Cake at a lower price because the market and all Altcoins have not experienced a big increase even though today everything is in the green zone and that was very good for everyone at the beginning of this month.

[Hypnosis00]

So what went so wrong is it its unlimited supply or something else? And another thing it is not just performing so terrible with this crash but was going down continuously even before that.  

Never expect a worthless project to perform better than a promising project. They simply exist because someone had created it but nobody will be able to take of it but just leave it to die, it is soon to die anyway. It wasn't just terrible to look at but that really comes even we don't like it. This is the reason why investors don't fall that much in this project, they are only riding the hypes and then let go after getting some profit.

Whales don't hold any of this coin as they know what gonna happen next. If you still have left in your wallet OP, I guess you have to sell them before they die. That is probably a clever idea.

[nimogsm]

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

That's right, now is still a very good time to get Cake at a lower price because the market and all Altcoins have not experienced a big increase even though today everything is in the green zone and that was very good for everyone at the beginning of this month.

The market has just started to recover.Some alts have already begun to show growth, while others are still waiting.I am more than sure that the author's problem will be solved soon and he will return to his previous values, more patience and time are needed

[michellee]

I think that is what happens to that token when bitcoin moves in any direction because Cake is down and the other coins and tokens at the market if bitcoin is down. You should calm down and do not panic because that is the thing to see the chance to buy back for any coins or tokens you want.

If you think that Cake is not good anymore for you, you should search for the other coins or tokens that will work well. You can not just stick the same coin or token if that does not benefit you.

[izsara]

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

That's right, now is still a very good time to get Cake at a lower price because the market and all Altcoins have not experienced a big increase even though today everything is in the green zone and that was very good for everyone at the beginning of this month.

the current situation is still not too late because if you look at the market it is still not fully back even though it is now green but this does not rule out the possibility to return to the red because some people are still speculating about the bearish.
I personally don't really have a problem with this as for buying a cake now it's good enough but this is only for a certain period of time and we also can't rule out what the future of this coin will be because what I see on this coin does have progress but I don't really like this coin tokenomics

[camat gampong]

I think the answer lies in something else, there are too many competitors in the same direction, the cake coin has become unpopular, plus the last IDOS on pancake were unsuccessful in terms of profit, all this overlapped with each other and we see negative dynamics.

I don't think that's going to be a big problem for Cake either as long as an exchange like pancakeswap can still operate very correctly and can also provide new services to all their users, so as long as there's gradual improvement I think Cake will be fine too.

[Rehan Zakir]

Cake is the native coin of pancake swap exchange. Its a decentralized  exchanges that is built on binance smart chain. This is the first decentralized exchanges that built on bsc chain. And that's the reason its coin is pumping and its price pumped upto 44$. And now its price is moving near 10$. Its price is decreasing day by day. Because now, there are lot of decentralized exchanges available in market that supports multiple networks. Pancake swap supports only one network. And because of lot of coins listed its swapping takes more time than previous. So, its team to update its issues. And maintain the user experience.

[tippytoes]

Cake is the native coin of pancake swap exchange. Its a decentralized  exchanges that is built on binance smart chain. This is the first decentralized exchanges that built on bsc chain. And that's the reason its coin is pumping and its price pumped upto 44$. And now its price is moving near 10$. Its price is decreasing day by day. Because now, there are lot of decentralized exchanges available in market that supports multiple networks. Pancake swap supports only one network. And because of lot of coins listed its swapping takes more time than previous. So, its team to update its issues. And maintain the user experience.

They are now competing with other rising networks like SOL or MATIC. As pancake is only offering BSC tokens, they need to add their market offering. Even if they are exclusively serving BSC tokens, they may want to add services accommodating tokens under different networks. They can always make their platform competitive if they will adopt with market innovation. If they will stay to where they are now, they may follow the fate of Etherdelta.

[bitkanu]

I don't think that's going to be a big problem for Cake either as long as an exchange like pancakeswap can still operate very correctly

Lol is this for real? yeah that's not a problem coz pancake lose nothing even when the value goes down but what about its holders? pancake is good but lack of innovation that makes it less volatile right now. If pancake can launch something like polkastarter in the past and this may become the popular launchpad right now. The problem is lack of development in the pancake.

so as long as there's gradual improvement I think Cake will be fine too.

This is the problem. With billion of marketcap and cake can become more innovative rather than only pegged with its scap and farm.

[bitterguy28]

On the other hand you can consider yourself lucky, as everyone wanted to buy cake cheaper and now they can. Literally every crypto is for sale so you make your pick, it doesn't even have to be cake.

Cake is now at a price level that it shouldn't be so there is hope from some people to be at a higher price from now on, because I would prefer to see Cake at $20 as I had seen it before the correction occurred.

Cake is now in drowning situation , from part of ranking 10 now drops to below rank 50 actually at 54 and that shows how falling this currency is .

so buy this coin at your own risk , and I know that the support for this coin had been losing nowadays and maybe this will fall to rank 100 in the next coming months.

This is not a good choice for now guys so best to prevent from being dumped .

[slaman29]

Crazy to see people expect to buy a shitcoin and then hope it all goes up and makes them happy. If only life was this easy.

It went up to $40 right? And this was all during the time when IDO and Defi staking crap were big, plenty of projects folded and rugpulled and still people bought it.

Then you have the famous burn mechanism to say it would make it more scarce. Hasn't worked has it?

What real utility does cake have?

[Tumanggor]

the fall was pretty long, it didn't happen in a second.Why didn't you sell at the first price fluctuations?Right now, the best tactic for you is just to wait for another scenario, no one will tell you.I am sure that the token will rise in price, but it is not a month or two.

I also think so, may it will take a month or even half a year for sure for pancakes to be bullish again

I bought $cake at $18 and even though the price is now down to $8, I'm not going to sell it, I bought it from the start and was planning to make it a long-term investment, when bitcoin is bullish again, of course, pancake swap performance will come back again, the defi concept will not die