What do you think about CAKE?

[markko7]

Do you think it will reach $20 this year?

[Ararbermas]

I believe it's possible because this is a good project that has a useful website for all crypto users especially those who own different assets. And infact the services is good as well for how many years now despite of some factors and errors , So i wouldn't be surprised if Cake will improve more in the future along with trusted platform in the space IMO.

[CryptoATM]

Anything is possible, you should be ready for a long time holding as well because the market can take an unexpected turn soon, this present recovery looks like a fake-out to me but you have nothing to worry about, cake is a good coin for long term holding.

[Republikcoin.com]

Do you think it will reach $20 this year?

Everything is still possible as long as the increase can be very good because Cake needs an increase of up to 150% in order to be at $20 again because last year Cake was at a price of more than $40 so it is still very possible to reach $20 as long as the market can recover gradually before the end of this year.
So there's no need to be afraid or panic as long as you've bought Cake at a low price or at a price below $10 at the moment because as long as the Dex market isn't dead, Cake enthusiasts will still be around.

[CryptoATM]

Do you think it will reach $20 this year?

Everything is still possible as long as the increase can be very good because Cake needs an increase of up to 150% in order to be at $20 again because last year Cake was at a price of more than $40 so it is still very possible to reach $20 as long as the market can recover gradually before the end of this year.
So there's no need to be afraid or panic as long as you've bought Cake at a low price or at a price below $10 at the moment because as long as the Dex market isn't dead, Cake enthusiasts will still be around.

Yeah and entry point is very important too, Cake might never go back to its all time high in future but imagine buying this coin for 4-5$ each, this will create more confidence on the long run, even at 15$ per cake you are already in a good profit that's why I said entry point of every coins and tokens we buy is very important.

[peter0425]

Do you think it will reach $20 this year?

Its been a Year when the price of CAKE I mean ATH recorded back and this is really frustrating to find how much the price of CAKE now.

https://coinmarketcap.com/currencies/pancakeswap/

from 44 dollars in April last year and now stays a  7 dollars and that seems to be not a Good sign for this year.

But who knows right? if Bitcoin reached 100k then why not Cake may reach that 20$ or more than 44 dollars again.

[btc78]

Do you think it will reach $20 this year?

i am one of those who had been trapped in CAKE last year when because of my greediness ? i left behind and stays Holding while waiting for the more Pump .
I think there is a big possibilities that Cake will reach that price because it is not even a Half a value of the ATH .
so i will be positive on this one because we are far from the end of 2022.
 

[livingfree]

Do you think it will reach $20 this year?

I don't say that it will but let's look at the chances.

The ATH was $42 and that's just half from what you're thinking if it's going to be reached. We don't know if this year is going to be another bullish run from the market.

But the chance is there and it could reach that price soon, since the ATH was last year so, I'll just return the question. What you think if this year is still going to be another bull run which will make it to $20? For me, I don't think so.

[aprilnot]

Do you think it will reach $20 this year?

very difficult because the market does not support for this. Even though Cake is good to hold, but 20$ goal this year sounds impossible. it's like expecting a bull market right now, in a very bad situation. but one thing is for sure, cake still has a chance to return to ATH, but not anytime soon.

[Renampun]

Do you think it will reach $20 this year?

$CAKE to $20 in this year, I think it's possible...

a year ago the price of $cake touched ATH ($42) and currently its price is around $8. according to CMC, currently $cake is ranked #44 with daily transaction volume (across all exchanges who listed $cake) reaching $180 million/day. Pancakeswap is a swap platform on the BSC network that is still very popular, with that great belief, the potential for $cake to rise to $20 this year is huge.

[X-ray]

I suggest you to take a look at the bitcoin chart and you can think by yourself whether that's possible or not for the cake to reach such value. 20 bucks will never happen once the market condition was in the bearish market like this time. I can't deny the fact that if everything totally pegged with the price of bitcoin right now. Cake was also dumped now due to the bitcoin dump.
So if you are thinking we can go up for this year and it may not happen soon.

[maydna]

I'm just going to say anything can happen. After hitting an ATH high of $43 for some time, CAKE has fallen too deep, and it even looks like it's the deepest for CAKE. If we see the CAKE movement, there will still be a possibility for CAKE to increase again, and it will depend on how well the market moves. If the market is still like this year, I think it will be difficult for CAKE to start increasing unless there is support for the project so that the price can slowly increase. We'll see what happens with CAKE this time of year, and hopefully, the price can really go up again.

[Johnyz]

Do you think it will reach $20 this year?

It’s possible if there’s a bull market, but with the situation that we are into right now maybe its it will not be easy for that price to achieve but don’t worry because CAKE is a great project and that price can be hit at the right time. The ATH with CAKE is around $40 and usually the cycle will happen and that price can be hit again, so if you’re a long term investor buying CAKE right now is a good decision.

[Dean2]

It possible for it to reach 20$ aswell as its possible to reach 0.1$ nobody knows for sure with these coins.

[Scripture]

Do you think it will reach $20 this year?

That's possible because CAKE has been a great platform and still a good DEX, many are still into new tokens and CAKE is been a platform for them.
It's still worth it to hold some CAKE because this platform can offer a lot more options and when do grow more, you can expect new ATH to be made in the future.
Cryptocurrency is down right now, and if you are going to invest you can consider CAKE as one of your option.

[JeffBrad12]

I don't think so. It's something like cake will be quite stable or doing sideway from here. glad to see that even when bitcoin gets a big dump and cake can still sustain its price and it's only going down a little bit. Going 20 is impossible for cake this year but defending its price from the current dump that is happening with bitcoin also becomes the best achievement for cake. This proves how strong cake token is. I do like the price action of cake right now. Become a stable token rather than a very volatile token like another token in the market. it seems people are aware that cake is also very useful. Your prediction will not come true as long as bitcoin is still int he same situation like this,

[2tang]

Anything is possible, you should be ready for a long time holding as well because the market can take an unexpected turn soon, this present recovery looks like a fake-out to me but you have nothing to worry about, cake is a good coin for long term holding.

Currently the market has started to experience another sudden drop for all coins and tokens, I don't know why this happened suddenly because I didn't have time to read the news which caused this sudden dump of all coins.

[el kaka22]

I do believe that $20 will be achieved I just do not believe that it won't happen anytime soon, it will probably happen in the future though. Which means that if you end up buying cake and staking it, eventually you will end up profiting.

This is why you should start thinking about it right now, in order to profit from it. Doesn't mean that you will get rich today right away, but who could be hurt from getting an investment in the close future, like in 2023 for example? Maybe it won't even be 20 bucks, but more like 5-10 range, and if you stake for a year from now until it reaches that range, you will still double thanks to locking your money.

[Ten98]

Do you think it will reach $20 this year?

very difficult because the market does not support for this. Even though Cake is good to hold, but 20$ goal this year sounds impossible. it's like expecting a bull market right now, in a very bad situation. but one thing is for sure, cake still has a chance to return to ATH, but not anytime soon.

Targets that are always far clear will not be possible for CAKE to achieve in the near future because market conditions do not allow for that even though CAKE is not a bad thing for everyone to choose at a lower price, it just takes more patience to see CAKE at $20 again.

[kotajikikox]

Do you think it will reach $20 this year?

Why not?CAKE showed good performance last year and reached  a revolutionary ATH , but there is also a negative side now as the market seemingly to have a Bearish trend for the next following months.
or maybe extend to another year , as the Mighty bitcoin will be the main to fall and will followed by altcoins.
if you have cake on your wallet then decide if you will Hold for long term ? or you will sell before the crash again.