What do you think about CAKE?

[arifteguhr]

Cake token depend on how much users use pancake swap and stake token. Currently Bsc network Usecase is high so I will say Cake token will again recover soon and we may see price above 10$ very soon
In two years we have not seen best Dex on Bsc network better than Pancakswap and hope it will always remain top and Cake token price will also go high.

Pancakeswap usecase is very useful for bsc network swap exchanges, currently new projects using bsc network are more dominant due to low gas costs so it is very likely that cake coins will be given higher support from the crypto community due to the use of pancakeswap exchanges.

[1714638610]

1714638610

[1714638610]

1714638610

[1714638610]

1714638610

[1714638610]

1714638610

[1714638610]

1714638610

[Reatim]

For this year where Bitcoin is still in a bearish mood it seems unlikely. CAKE staying in the $4 range is a good thing, where later when BTC and crypto are in bullrun mode, CAKE is even able to reach their latest ATH.

but at least that  staying at 4 dollars is one good sign that Cake is still having its bright future not like NFT now in which experiencing a really bad losses.

But if there is further development that can bring CAKE better and experience mass adoption maybe $20 is a fair price.

In future why not?

maybe in the next 5-10 years?

Stay careful in investing and invest with money that you are willing to lose.

be aware of good project and not those shitcoins that will surely bring you losing streak .

[doomloop]

For this year where Bitcoin is still in a bearish mood it seems unlikely. CAKE staying in the $4 range is a good thing, where later when BTC and crypto are in bullrun mode, CAKE is even able to reach their latest ATH.

but at least that  staying at 4 dollars is one good sign that Cake is still having its bright future not like NFT now in which experiencing a really bad losses.

That is what you should aim at, the 5-10 year period. If a project could be something great in the next 5-10 year then why not invest into it right now? This is why I believe that we should be buying cake right now since it could make us rich in the future. If it could make us rich then it could be something much better.

This is of course nothing that could be guaranteed, then it could be doing something a bit more dangerous and not move at all or could go down. We need to remember that it could be going down and it is unlimited supply and that would be the thing that I am scared the most, the unlimited supply part. That is the dilemma, will it be good or not?

[Joshapat]

I think Cake has a good opportunity for us to make a long -term investment, pancakes that are now the second largest dex of course have a strong community, I once held and used cakes for staking but because of security issues on myetherwallet made me lose all cakes and until now I don't want to save or stake in dex again.

[2tang]

I think Cake has a good opportunity for us to make a long -term investment, pancakes that are now the second largest dex of course have a strong community, I once held and used cakes for staking but because of security issues on myetherwallet made me lose all cakes and until now I don't want to save or stake in dex again.

Cake is good for staking and also trading on a daily basis without having to keep it for too long because in terms of looking for profit it is not always seen how long you keep it, but how smart you are in taking advantage of the opportunities that exist in the market.

[saladin7000]

I think Cake has a good opportunity for us to make a long -term investment, pancakes that are now the second largest dex of course have a strong community, I once held and used cakes for staking but because of security issues on myetherwallet made me lose all cakes and until now I don't want to save or stake in dex again.

yes you are right CAKE is one of the coins that has very good potential to be invested, but I think cake is very good for trading and staking considering the movement is very active up and down it provides a great opportunity to give you profit, but we you have to be observant in doing it, otherwise you will experience big losses later, it's different if you invest CAKE in the long term,

[SUPERSAIAN]

I think it was very effective that they limited Cake's supply to 750 million pieces. In the long run, cakes will be valuable. I put the cakes I have in the pool with a term of 52 weeks, now I am waiting for the time to pass. I think limited supply and forward apy rates are good developments for cake. It was supposed to be higher than these prices but it is one of the best dexes that will perform well in the next bullish season.

[Smack That Ace]

Do you think it will reach $20 this year?

$20 Target for Cake I don't think it's too hard if bitcoin bounces back and hits $100k ATH, but if you mention this year I think it won't happen. Looking at the current market, it is very likely that the bear season will last until the end of this year or mid-2023 so given the situation we shouldn't expect too much from any coin. Set a target for the next bull season instead of a short-term goal for this year.

[Jose Mourinho]

I think CAKE is one of the best coins to invest in the long term because cake has a very good potential, so it provides a great opportunity to make a profit for you, and I think now is the right time to buy and start investing with CAKE because the price is still very low at this time.

[jostorres]

I think Cake has a good opportunity for us to make a long -term investment, pancakes that are now the second largest dex of course have a strong community, I once held and used cakes for staking but because of security issues on myetherwallet made me lose all cakes and until now I don't want to save or stake in dex again.

Mew is the reason why you lost your cakes. You should blame mew, not the dex or their staking feature. The best thing you can do is to move on to another more secure decentralized wallet. We have trustwallet and metamask. These two are also the most popular wallets right now. Mew seems a bit old so it's normal to expect some issues with them.

I also use mew and up until now my coins are still complete. Maybe you have done something which makes you lose your coin? But I find mew to be hassle. I still prefer trust wallet as its more faster and most important is it supports other chains. Cake coin on the other hand is a good coin either for staking or for long term hodling.