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Author Topic: Future of tokens like Uniswap, Pancakeswap, Sushiswap, Apeswap?  (Read 277 times)
Xal0lex
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April 10, 2023, 06:31:14 PM
 #41

I did hold some CAKE tokens for quite some time, and ended up as a loss. A bit disappointed at myself because of my wrong choice of investments, but it is what is.

Perhaps you bought tokens at the wrong time, at a time when the price of the token began to fall precipitously. At this time, it seems that the price of CAKE has stabilized and entered the stage of consolidation and accumulation. Of course, this is not a financial advice, but I think that soon the tendency of falling and consolidation can change and the price will return to some higher values.

I think there are many people who already observed this kind of thing that there are many scams coins that are being created not only on Pancakeswap, but on different DeFi Exchanges. This is also the reason why developers, and other people are sharing their token address whenever somebody ask because that's their only way for them to prevent others from getting scammed. Unfortunately, there are still people who are getting scammed, because they aren't asking sometimes.

Although I don't see much evidence of fraud in CAKE token, I'm more inclined to believe that the exchange has chosen not quite the right development strategy and many have a bad association when they hear about Pancakeswap.

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April 12, 2023, 06:08:15 PM
 #42

Decentralized exchanges is a need for the future and some of them will stay. Even though there is hackings and all going on, if we are to talk about just the idea of the swaps then I can say that it is going to be as good as it gets. I personally use them as much as I can even though I use CEX as well, and this is me who sends most of his money to Binance, that means there are some people who send all their money to DEX as well.

This is why it's a multi billion dollar industry and even though names can change and maybe something else will start and all that, we have to realize that the idea will go on. I do not think that it will ever end, and yes stuff like apeswap or sushi may die, but new ones will come out and be stronger.

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