PANCAKE (CAKE) will reach $100. My own goal, NFA - page 12.

numanoid

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Quote from: LGD2Business on March 26, 2021, 07:29:07 AM

Quote from: numanoid on March 26, 2021, 06:47:27 AM

And finally, CAKE started climb to the moon! Can't wait to see how far CAKE will go, my goal is around $30 for short term.
Any words about this ,Tytanowy Janusz?

Banth said 56, why are you waiting 30? My target is 70 USD, hopefully we will see it until Summer.

%20 emission reduction voting was accepted, price is almost 15 USD now.

Simple. I want CAKE beat the UNI as i said on OP.

Quote from: numanoid on March 10, 2021, 11:36:39 AM

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

$30 in short term, $50 in medium term and $100 in long term. The only 1 problem which CAKE has , it doesn't has limit supply

LGD2Business

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Quote from: numanoid on March 26, 2021, 06:47:27 AM

And finally, CAKE started climb to the moon! Can't wait to see how far CAKE will go, my goal is around $30 for short term.
Any words about this ,Tytanowy Janusz?

Banth said 56, why are you waiting 30? My target is 70 USD, hopefully we will see it until Summer.

%20 emission reduction voting was accepted, price is almost 15 USD now.

numanoid

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Quote from: numanoid on March 10, 2021, 11:36:39 AM

And finally, CAKE started climb to the moon! Can't wait to see how far CAKE will go, my goal is around $30 for short term.
Any words about this ,Tytanowy Janusz?

numanoid

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We are almost ROI when i created this thread. CAKE even did falling down to $9 but fortunately they are on track again right now. Currently they are worth $11-12 for each CAKE.

perfect999

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This is correct, that is why I am heavily invested into Cake, do not forget that you could make a lot more money with Cake as well, not just that it should worth more because people use it more but it should worth more because people make more money with this as well. Sure you can make some money with UNI, but the amount of money and the amount of ways you could make money is 10x more in Cake as well, I have invested into many brand new things in liquidity providing and made so much more money with it.

People are realizing how valuable Cake is, it may take some time but it will finally get there, which is why I am not losing any hope from this situation, just let it go on a bit longer and you will see how awesome it will get. I personally believe the price will not be nearly 200 bucks, but 100 bucks will be easy with some more Cake in the supply.

SquallLeonhart

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Obviously pancake needs to grow bigger and bigger to reach to a higher level, staying at this place wouldn't help them, they could maybe increase their price a bit but this is a project that needs constant customers and increasing number of profits, so if one day people stop caring about it, it will get stuck and even maybe drop in price, and not like we can have every single human on earth in pancake which means one day it will stop going high.

It is just a wrong system to create something that needs more and more customers to grow, maybe same people but more involvement could have been done but this requires more people to be in there. In any case, I still think it has a looooong way to grow, it has insane potential, could reach over a thousand dollars before it stops, do not think that it will happen anytime soon but that's a good potential to have.

LGD2Business

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Quote from: Review Master on March 21, 2021, 04:28:02 AM

That's true, but we have auto-compounding DeFi platform to multiple our ROI and best part is that it won't effect on the yield unless anyone is a low fund hodlers to use that DeFi platform. Though most of those platforms are audited, but none knows what will happen next in DeFi space as everything is uncertain and DeFi is on the early stage.

Personally, i'm using auto-compounding platforms to farm more CAKE instead of using pancakeswap by taking risk what i can afford to lose. Wink

Which one do you use? I'm pleased with %140 APR on CAKE pools.

I don't stake more CAKE instead of that I'm picking better APR coins and change it daily.

lixer

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This is what we have been talking about being decentralized, the price is decentralized from anything and will be whatever. Uni is used this much or cake is used that much, those things do not matter when it comes to prices, it is bought and sold and that is the only way the price changes.

Definitely cake could be used more and because it's used more the price could go up because people will be buying more, but that doesn't change the fact that we are talking about actual buying and selling as in trading, those people will do whatever they want and even though they are influenced by these things, it doesn't mean that they are connected 100%, like price doesn't go up suddenly if there is a new user, that is why I think it should not be seen this way neither.

It is definitely something to keep in mind, cake is growing bigger, but that doesn't mean that the growth rate has to be equal to how much it's used.

slaman29

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Quote from: Review Master on March 21, 2021, 04:28:02 AM

That's true, but we have auto-compounding DeFi platform to multiple our ROI and best part is that it won't effect on the yield unless anyone is a low fund hodlers to use that DeFi platform. Though most of those platforms are audited, but none knows what will happen next in DeFi space as everything is uncertain and DeFi is on the early stage.

Personally, i'm using auto-compounding platforms to farm more CAKE instead of using pancakeswap by taking risk what i can afford to lose. Wink

I see now a lot of the core farms on Pancake have really crazy ROI but that's not in price, but in token numbers correct?

I really don't see how any of it is sustainable. Collective now is over 500% ROI in a year but I can't see how all these products have real utility other than all these yield farmers. I try to find more info but nothing is available, could you point me to resourceS?

Review Master

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BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: LGD2Business on March 20, 2021, 10:59:35 PM

Quote from: Review Master on March 20, 2021, 01:36:09 PM

~

Farming in low times is good. When it exposed to mainstream more people will stake and our yield will drop. Better go stable until we have enough CAKE. (it's never enough Grin

)

That's true, but we have auto-compounding DeFi platform to multiple our ROI and best part is that it won't effect on the yield unless anyone is a low fund hodlers to use that DeFi platform. Though most of those platforms are audited, but none knows what will happen next in DeFi space as everything is uncertain and DeFi is on the early stage.

Personally, i'm using auto-compounding platforms to farm more CAKE instead of using pancakeswap by taking risk what i can afford to lose. Wink

LGD2Business

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Quote from: Review Master on March 20, 2021, 01:36:09 PM

Quote from: numanoid on March 10, 2021, 11:36:39 AM

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

TBH, i won't be surprised if it surpasses UNI within the next few months as BSC hype is going on which might fuel up cake to pump. Though current DNS attack creates a bad impact , but it won't last long. Personally, i'm farming CAKE and hoping to farm until it's hit my desired price. Grin

Farming in low times is good. When it exposed to mainstream more people will stake and our yield will drop. Better go stable until we have enough CAKE. (it's never enough Grin

)

Review Master

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BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: numanoid on March 10, 2021, 11:36:39 AM

99% i believe CAKE's price will surpass UNI, which around $30 and it would goes to $50 or even $100 in longterm.

TBH, i won't be surprised if it surpasses UNI within the next few months as BSC hype is going on which might fuel up cake to pump. Though current DNS attack creates a bad impact , but it won't last long. Personally, i'm farming CAKE and hoping to farm until it's hit my desired price. Grin

sana54210

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Quote from: Tytanowy Janusz on March 19, 2021, 03:36:50 AM

Quote from: numanoid on March 18, 2021, 11:51:55 PM

Fyi, Binance don't burn based on % profit again, as CZ said he wants to speed up the burn process

Yea. I've seen their announcement. Its still % of profit but now its not fixed 20% as it was before. But its still a fraction of profit generated by them. It does not change to "mine to burn" strategy that we see in CAKE.

I wonder how much they will burn now. They announced accelerated burn at price 45$ saying that BNB growed so much, that " it would take roughly 27 years to finish the burn". After acceleration, they said they are aiming to "5-8 years to finish the 100 million BNB.". The problem is ... price is now 270$ not 45$

They have 70 mln BNB more to burn. $19 billion to burn at current price. $2.3 billion annually (dividing by Cool

. $590 mln each quarter. 3.5 times more than last time. It will be very interesting to see if they will achieve that.

I am not sure they plan to actually slow down at any time. I think they are planning on increasing yet again but I do not think that it is fair to expect them to burn that much this quickly, I would feel bad if I was CZ to burn that much money all together Cheesy

. But, I know that they are going to speed it up but not speed it up to the point where it would be like you said, it would be faster than this but slower than what you calculated.

These are all guesses of course but CZ keeps saying they want to make it faster and faster, if they can burn 100 million BNB today, and give CZ the button to do it, that dude would probably press it right away. I think it is not good to remove all of it that quickly, it helps when you burn but more frequent but smaller burns would be a lot better, make it quicker but smaller and you have yourself a better non-disruptive method.

Tytanowy Janusz

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Quote from: numanoid on March 18, 2021, 11:51:55 PM

Fyi, Binance don't burn based on % profit again, as CZ said he wants to speed up the burn process

Yea. I've seen their announcement. Its still % of profit but now its not fixed 20% as it was before. But its still a fraction of profit generated by them. It does not change to "mine to burn" strategy that we see in CAKE.

I wonder how much they will burn now. They announced accelerated burn at price 45$ saying that BNB growed so much, that " it would take roughly 27 years to finish the burn". After acceleration, they said they are aiming to "5-8 years to finish the 100 million BNB.". The problem is ... price is now 270$ not 45$

They have 70 mln BNB more to burn. $19 billion to burn at current price. $2.3 billion annually (dividing by Cool

. $590 mln each quarter. 3.5 times more than last time. It will be very interesting to see if they will achieve that.

numanoid

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Well, even though CAKE's supply keep increasing (now in circulation supply is 224 millions compared when i made this thread , 213 millions), i still believe CAKE will be much higher than current price, as they are the biggest DEfi exchange from BSC

Quote from: Tytanowy Janusz on March 18, 2021, 03:40:17 AM

Quote from: LGD2Business on March 18, 2021, 03:04:23 AM

Tytanowy Janusz I understand your point and you are right. CAKE emission model is not ideal.

I hope they will change it for good. Pancakeswap is backed by CZ, they can use BNB's burning model.

BNB's burning model? Binance burns 20% of profit and has 0 new coins emission, is a market giant with an established position. Cake is a different story. Big part of cake liquidity comes from syrup pools that are feed by cake emission. I think they can't effort to give up on that and let liquidity flood to other dex with better ROI for liquidity providers. DEX market is very aggressive.

Its not the problem with burning model. Its the problem of whole tocenomics, defi overhype, aggressive fighting for the client that we see in DEFI. Cake mint that much coins to grab as big part of market as it is possible. The problem is that CAKE investors are paying for this.

Fyi, Binance don't burn based on % profit again, as CZ said he wants to speed up the burn process

slaman29

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Totally agree with first person who responded here and that the CAKE inflation is totally over the top and would be very difficult for me to look at now. Also it is in a dip and yes so is crypto entirely while en route to bigger gains. So tough to understand how to move all this out and do APY calculations right now though.

Tytanowy Janusz

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Quote from: LGD2Business on March 18, 2021, 03:04:23 AM

Tytanowy Janusz I understand your point and you are right. CAKE emission model is not ideal.

I hope they will change it for good. Pancakeswap is backed by CZ, they can use BNB's burning model.

BNB's burning model? Binance burns 20% of profit and has 0 new coins emission, is a market giant with an established position. Cake is a different story. Big part of cake liquidity comes from syrup pools that are feed by cake emission. I think they can't effort to give up on that and let liquidity flood to other dex with better ROI for liquidity providers. DEX market is very aggressive.

Its not the problem with burning model. Its the problem of whole tocenomics, defi overhype, aggressive fighting for the client that we see in DEFI. Cake mint that much coins to grab as big part of market as it is possible. The problem is that CAKE investors are paying for this.

LGD2Business

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Tytanowy Janusz I understand your point and you are right. CAKE emission model is not ideal.

I hope they will change it for good. Pancakeswap is backed by CZ, they can use BNB's burning model.

Tytanowy Janusz

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Quote from: Flowzer on March 16, 2021, 03:27:21 PM

Agree, that burn activity such as odd thing, burn activity could be from community fund or developer fund which want to do that, not from fresh minted tokens.
Inflation rate will show their actual price in the future, becareful with our investment.

In most cases those funds were minted during lauch with a view to burning it later to build a little hype around it.

Funds for burns should be taken from profit only. % of fees or % of annuall/quarter profit.

BTC. Pancake is thinking about reducing inflation:
https://pancakeswap.medium.com/emission-reductions-to-do-list-and-pancakeswap-v2-20a0f9b46464

It vill be done via "governance vote" - so majority of farmers will have to agreed to farm less. Will be hard.

Flowzer

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Quote from: Tytanowy Janusz on March 16, 2021, 04:25:25 AM

Quote from: LGD2Business on March 15, 2021, 08:53:07 PM

First they have an active lottery, which is used by many people. Some portion of CAKE is burned there.

So its even worse.

Quote from: Tytanowy Janusz on March 14, 2021, 09:00:35 AM

Quote

CAKE EMISSION MODEL
- 40 Cakes are generated per block ( in each 3 seconds )
From these 40 Cakes,
- 15 Cakes are going to be burned (Burn pool)
- 15 Cakes goes for —> farmers and lottery
- 10 Cakes goes for —> Main Cake Pool stakers

They mint 15 cakes for "farmers and lottery" and then burn coins during lottery... They mint just to burn. For second time. For me .. its cheating, fake boosting numbers to confuse investors/users.

~3000 cakes are being burned during lotteries on average - based on last 10 lotteries ... twice a day. 6000 cakes per day.

While 720k each 1 day is being minted. Its less than 1%

During last IFO they burned $1 500 000. ~100k cake. Its 13% but ...we don't see IFO each day...

Those burns lower >200% inflation to ~170-190%. Its still way too much.

Agree, that burn activity such as odd thing, burn activity could be from community fund or developer fund which want to do that, not from fresh minted tokens.
Inflation rate will show their actual price in the future, becareful with our investment.

Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA - page 12. (Read 3178 times)