What do you think about CAKE?

[ItsCrafty]

Do you think it will reach $20 this year?

Cake is no matter best token but price depend upon market condition also. If market remain stable then there is chances that Usecase of Decentralized exchanges goes big and we may see increase in price also. If market remain bear than it's very hard to achieve $20 target.

[1715391036]

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[poodle63]

I don't even think your dream will come true. Cake may go even deeper from this time when bitcoin will continue to dump. Crypto market is not healthy anymore right now and so many people got liquidated. Im feeling skeptical about the future of crypto from this case. We may see another long term bearish trend again soon. you must prepare yourself. Even when this can recover again but the chart doesn't look good right now. You must be careful with any situation. it's better to have some patience waiting for the recovery to happen.

[asriloni]

A bit surprised to see that the pressure tot he cake token was not so big. Can i call cake is the stronger one here? The future looks good. That means cake can still stand on its position even during the bearish market. this is only getting down a little bit. I do know how useful cake for people to get the passive income from the market. I will believe cake will reach 20 when the pump is back again but no one know when. If you expect this to happen this yea and you are totally wrong about this.
We didn't know when the market will be bullish again.

[Reatim]

It is hard to predict now because the whole market is still experiencing bad movement , and look at the cake performance for the last month

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

that shows how we cannot rely in this coin for now instead we must seek for better angle in which coin we must trust.
Buy Now as the bearish is completely covering the  market, or wait for total dump before the climb End this year.

[2tang]

Do you think it will reach $20 this year?

Cake is no matter best token but price depend upon market condition also. If market remain stable then there is chances that Usecase of Decentralized exchanges goes big and we may see increase in price also. If market remain bear than it's very hard to achieve $20 target.

An increase in price will only occur when the market is in good condition and that cannot be denied by everyone because in conditions like now almost all good coins are difficult to get a good price increase.

[ringgo96]

Everything can happen in the crypto world, so in this case we must be ready and on the project, KUE is one of the platforms that currently has many users and comfort has been seen even though it cannot reach up to 100% but it is very feasible for us to rely on, the more enthusiasts then the achievement of $ 20 is certainly a very easy thing for a platform to achieve, Moreover, in the last year they have reached a value of up to $ 40 then with the current price to reach $ 20 will also be easy to realize.

[davincicode666]

Everything can happen in the crypto world, so in this case we must be ready and on the project, KUE is one of the platforms that currently has many users and comfort has been seen even though it cannot reach up to 100% but it is very feasible for us to rely on, the more enthusiasts then the achievement of $ 20 is certainly a very easy thing for a platform to achieve, Moreover, in the last year they have reached a value of up to $ 40 then with the current price to reach $ 20 will also be easy to realize.

Everything will not easily happen in the market if all market conditions are not improved, because this is not only about the merits of a platform or the product of a platform, but also about how market conditions are very often influenced by big news for space crypto, so nothing easy can be achieved as long as other better support doesn't exist.

[southerngentuk]

I'm still fairly bullish on some of the altcoins in this market but perhaps what I'm witnessing is a flurry of information and trend navigation that leaves many still unable to envision a future. good or bad future.
But honestly, this is also one of the coins that brought me big profits in 2021, so no matter how it turns out, I am very grateful for it. But 2022 probably no longer has too many good thoughts about this market, and everything needs to be carefully calculated. The goal of $20 is basically not too difficult to happen, but it balances the benefits between risks and profits, I think it's safer for me to sit and observe it.

[Andam76]

We all probably know that projects running on Binance Smart Chain (BSC) can grow and develop rapidly because of the advantages of Binance Smart Chain (BSC) which implements low fees and can execute transactions faster than Ethereum (ETH).  I personally hope that PancakeSwap (CAKE) can win the market battle and the price can go up to 500 percent in the long term

[m_nief]

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.

Cake can't reach higher price again after last time hype was over and ever reach all time high above $40 before dumping right now under $8, I think Cake coin keep stable under this value and not any change will reach higher price. Better not all in your money with Cake coin investing and not recommended with long term investment on cake coin because you can loss much. Have several holder disappointed when buy Cake on higher price and until several months holding price keep going dump and never try reach above $20 although bitcoin have good chance with higher price.

[fullhdpixel]

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.

I think that was normal because btc have also pumped last year as well as other cryptos. A bear market cant be called as a negative side of the coin but a negative side means if the coin has some issues or disadvantages over the other cryptos. No one is exempted in the bear market and even the best coins will also experience a decline once it occurs but there's no need to worry as good coins will always remain good no matter what is the status of the market.

We don't know if how long this bear will last because we have been in this situation for a long time so many are expecting that is ending soon but for some, they think it will continue since the market seems to love it.

[Ezravdb]

We all probably know that projects running on Binance Smart Chain (BSC) can grow and develop rapidly because of the advantages of Binance Smart Chain (BSC) which implements low fees and can execute transactions faster than Ethereum (ETH).  I personally hope that PancakeSwap (CAKE) can win the market battle and the price can go up to 500 percent in the long term

In the long term, it may still be possible to increase the price for Cake because Cake is a token that has started to live and is liked by many people at this time, including traders and investors who like Cake. So there is nothing impossible for Cake to improve as long as the market can be on a good track.

[TastyChillySauce00]

This doesn't seem to be a good choice at this moment. Bitcoin dump, cake dump. No ATH for cake. No ATH for any crypto at this moment. Touching 20 seems to be another dream that yet to be achieved by cake token. It's too early to think that this can easily go to the 20 at the end of this year.
You must also aware with the condition of market right now. So many people are feeling frustate after they are seeing the market right now. Im not even skeptical about the future of cake token but again if you are seeing the performance of market recently and this will prevent cake to go to the moon and whole of alts just dumped so hard

[Rampagoe004]

Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.

[2tang]

Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.

If it's time to invest in Cake, it's definitely right for now, but it can only be done by people who have great patience because to reach another $20 price on Cake, it looks like it will take a very long time even though Bitcoin can gradually increase again this year. Because altcoins always move slowly when the market recovery occurs.

[maydna]

Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.

Of course, it will take time to reach the $20 price and that is likely to happen in the future. But it all depends on how the state of bitcoin and if bitcoin can move up, then it will affect the movement of bitcoin and CAKE can increase. If you want to invest in CAKE, you have to find the right time to buy CAKE because now could be a good time to try to buy CAKE.

[bitkanu]

Long term may good but short term may bad. The crypto bearish trend is the main reason why investing in the cake token is worst decision right now. 20 dollars will be only achieved in your dream. There's no token that can go up during the bearish market except pump and dump token with weak fundamental. the whales can manipulate this kind of token but not for the major or big tokens that available in the market. The bearish market is destroying the mentality from the traders and newbies.

[lionheart78]

Do you think it will reach $20 this year?

It is possible but I don't have high hopes.  Btw, I found an interesting site that forcast and give prediction to CAKE price.  See it here.  I wonder how accurate this Pancakeswap 2022 price prediction.

The crypto bearish trend is the main reason why investing in the cake token is worst decision right now.

Is it wiser to invest when CAKE price is surging?  then sell when price is crashing?

[poodle63]

This is good token for long term. The team keep delivering more and more good development but being too optimistic about the price for cake token was not so good. I just wanna try to remind you that when you must aware with the price of cake right now. It's straight going to the bottom like bitcoin and another cryptocurrency in the market. I will believe if cake will be quite stagnant at this moment to follow what will be doing by bitcoin and another tokens in the market

[tygeade]

I'm still fairly bullish on some of the altcoins in this market but perhaps what I'm witnessing is a flurry of information and trend navigation that leaves many still unable to envision a future. good or bad future.
But honestly, this is also one of the coins that brought me big profits in 2021, so no matter how it turns out, I am very grateful for it. But 2022 probably no longer has too many good thoughts about this market, and everything needs to be carefully calculated. The goal of $20 is basically not too difficult to happen, but it balances the benefits between risks and profits, I think it's safer for me to sit and observe it.

It did made me a good amount of profit as well, I bought a good chunk of it for under $2 at some point, staked it, made a good return, and sold nearly half of all I owned just to get some other coins and spread my portfolio to a more diversified version.

Most of the coins that I bought with my Cake profits didn't provided the same level of profit at all, and it was a sad situation. In the end, Cake gets 100% trust from me and I will not leave it aside. When you face a coin that looks to be a thing that can go on for 10+ years, that matters a lot, most projects look like they will pump but eventually go down more and more and eventually be gone, whereas Cake looks like it will be here for 10+ years.