Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA - page 2. (Read 3217 times)
Indeed, CAKE coin is a good coin to buy considering its supply and the way it has been running to this day but I would be quite cautious about it since there are also several competitors that offers some if not entirely the same services as PANCAKESWAP not to mention the possibility of better options popping out in the coming months as well. With all these considered, invest but don't overdo it. Just enough to make you happy when the bullish season comes and just a bit sad when the price doesn't head towards the direction you dream of. hehe.
This is an interesting study. Even when the prices of other altcoins are falling, CAKE's prices are going up quite a bit. However, I recently checked out this coin and found the graphics to be absolutely stunning. If CAKE becomes a popular and commonly used DEX for BSC in the future, I believe CAKE's price will exceed the price of other Altcoins. Maybe I should consider keeping these coins.
The Pancake (Cake) had good numbers of supporters and traders now.As like Binance,Trust wallet,the cake also used as the exchange of crypto from altcoin to most of the trusted crypto currency.So the demand of cake will keep on increasing in upcoming days.All time high of 43$ is very huge for the new coin like cake.Cake competitors are Kucoin,Binance,WRX.So when ever the price of this coins increases,the price of Cake also increases.The price of cake is also dependent on Market,the market also impact the Cake price.Next target of the Cake will be 100$,expected to reach in this year.
in that halving season (when you created this post) yet the price did not go even closer to that price but at least 44$ is the highest reached value.
and maybe in the next halving? possibilities can happen lol.
and maybe in the next halving? possibilities can happen lol.
the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.
wrong , the ATH is 44 dollars mate and yes this can grow more in the coming years as people love swapping nowadays. the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then,, of course the price of CAKE can increase at least $100 or even more.
That is if another better swap project doesn't take cake place, this speculation remains uncertain because this days better swap platforms are coming up, from the arbitrum chain and optimism, even Uniswap might get taken over, I am not saying Cake will fail, it's one of the best swap on BNB chain but I am concentrating on money flow, by next bull season more money might flow into new swaps. 
the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.
I bought cake when it was $4+ and I'm still at losses on it but that's okay since I've registered it on pancakeswap's stake.
Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.
We're unsure with that but I'd love to see that happen and that's possible. We all know that bitcoin's price is the major factor for the price of altcoins like cake to go up. I would like to see it someday that my farming in cake will be worth it before the bull run happens. I don't have a lot of cake but it's still worth it if it ever hits $100, I'll get around a couple of hundreds if that happens plus the potential amount I'll earn from staking it. 
Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.
indeed altcoins need the strength of bullish support to reach the new ATH price, sometimes if they are already in a high price position there will be large dumps by altcoin holders who will sell quickly. and reduce the volume being processed. sometimes I think I have to be quicker to take positions when altcoin prices are discounted to buy and sell at peak prices 
that is my goal too, because I believe that Pancake will become a very popular exchange (swap) and of course many people will use Pancake Swap in the future, so that will make the price of CAKE can increase very high and continue to create a new ATH price, so of course I'm sure in the future the price of CAKE will be very easy to reach $100 or more than that, especially when the next altseason occurs.
I am not strictly following the coin like what I am doing with BTC so I am not totally updated with it's price but maybe the coin did experience some increases last time compared to its price shown in the first post. Pancakeswap is already popular and I think it's currently second if not the first in the decentralized exchange category.Lots of DEX's have already been created but pancakeswap is still standing strong. If this continues then CAKE's value can still grow. The altcoin season or the bull run can also make things faster. Don't stop believing peeps. Just keep on buying and holding. This is a better hobby than investing in new/hype coins.
Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.
that is my goal too, because I believe that Pancake will become a very popular exchange (swap) and of course many people will use Pancake Swap in the future, so that will make the price of CAKE can increase very high and continue to create a new ATH price, so of course I'm sure in the future the price of CAKE will be very easy to reach $100 or more than that, especially when the next altseason occurs.
we will know the answer in the future, especially in the year when Bitcoin will Halving, yes! 2024,
my prediction is 2024 will be a Bullish year like 2021, and if CAKE still has a good development,
then I also believe CAKE will reach new ATH, it all depends on Bitcoin, Bitcoin Bullish then Altcoins will also go to the moon!
In the flow that has happened in the past year or the past, this is the case, but will in 2024 there will be no more changes in the market and people only imagine about the increase in the price of Bitcoin and altcoins due to halving reasons? Because I believe in it too, but will it be like what has happened in the past with all altcoins including Cake ? my prediction is 2024 will be a Bullish year like 2021, and if CAKE still has a good development,
then I also believe CAKE will reach new ATH, it all depends on Bitcoin, Bitcoin Bullish then Altcoins will also go to the moon!
The $100 estimate for the cake is now tentatively certain to no longer come true. Until then, until the next bitcoin halving. If the Cake team realizes good solutions, I think it can reach this target level. It is one of the best amm platforms in the market. It has too many users. They are constantly voting for the problem of inflation and I think it is a good job that they put their investors to vote in this way.
Can go back to the price of $ 20 Cake is already very good, instead of thinking about $100 for the price of Cake,it's better to focus on recovery, we know Bitcoin can still experience another dump, because many experts say we are in the capitulation phase,
which means it's not safe, and Cake can also be to $1, so we have to think carefully and correctly
The $100 estimate for the cake is now tentatively certain to no longer come true. Until then, until the next bitcoin halving. If the Cake team realizes good solutions, I think it can reach this target level. It is one of the best amm platforms in the market. It has too many users. They are constantly voting for the problem of inflation and I think it is a good job that they put their investors to vote in this way.
we will know the answer in the future, especially in the year when Bitcoin will Halving, yes! 2024,
my prediction is 2024 will be a Bullish year like 2021, and if CAKE still has a good development,
then I also believe CAKE will reach new ATH, it all depends on Bitcoin, Bitcoin Bullish then Altcoins will also go to the moon!
my prediction is 2024 will be a Bullish year like 2021, and if CAKE still has a good development,
then I also believe CAKE will reach new ATH, it all depends on Bitcoin, Bitcoin Bullish then Altcoins will also go to the moon!
Because they build a great product, it will work in this bear market. How will it shine in next bull market, I don't know. I know what can not kill us will make us stronger. If bear market can not kill Pancakeswap, it will be stronger during the bear market and will shine in next bull market. How will it shine? We have to wait next 2 years.
Bear market can kill investors, speculators, gamblers but they can not kill good exchanges. Pancakeswap is a good one.
Bear market can kill investors, speculators, gamblers but they can not kill good exchanges. Pancakeswap is a good one.
Back to the inflation. i'll try to estimate it by myself. Total supply equals 307 426 131 CAKE. Based on coinmarketcap hystorical data snapshot 2 months ago 24th of April CAKE Total supply was 288 117 757, so we are talking about 6.7% in 2 months = ~45% annually. If fact its much better than 1 year ago (200%), but it also means that with current traffic on pancake in 2 years bear market supply will double and if we are about to enter 2 year bear market i doubt that traffic wont dump so as burns. You can compensate it with long term Locked staking which yell decent roi now. It doesn't look bad at current price.
My expectations of CAKE did not come true, I went to more volatile coins on which I can earn fast, then I will definitely return my deposit in CAKE I like it. I used to like CREAM but a bad thing happened to it. I hope all will be well with CAKE.
Remember that in crypto expectation is not indeed to happen most of the time and we are nearly to experience behind our expectations.and also when you buy think that the amount is soon to fall than to earn so when it climbed then you are in Bonus .
CAKE is a good project but nowadays that market is in bad position better not to make it short term instead long term holding.
Did you made any calculations how effectively this mechanisms reduce inflation? When I was active in this thread, more than 1 year ago, it was above 200%. How it looks now?
I agree that pancake will be a big thing during next bubble as long as no one will deliver better product since than and pancake business model will work during bear market.
Lowering emissions "they have vote to reduce emissions from CAKE farming" can reduce incentive to farm and lower user base. Pancake created big userbase thanks to big inflation and market bubble so that LP had great returns and traders had great liquidity at an expense of long term investors who were sponsors of this party buying at 10-40$ range. Time will show how this business model will work during bear market.
OP picked great coin ... but in the worse possible moment. At the top of x100 bubble.
Because they build a great product, it will work in this bear market. How will it shine in next bull market, I don't know. I know what can not kill us will make us stronger. If bear market can not kill Pancakeswap, it will be stronger during the bear market and will shine in next bull market. How will it shine? We have to wait next 2 years.I agree that pancake will be a big thing during next bubble as long as no one will deliver better product since than and pancake business model will work during bear market.
Lowering emissions "they have vote to reduce emissions from CAKE farming" can reduce incentive to farm and lower user base. Pancake created big userbase thanks to big inflation and market bubble so that LP had great returns and traders had great liquidity at an expense of long term investors who were sponsors of this party buying at 10-40$ range. Time will show how this business model will work during bear market.
OP picked great coin ... but in the worse possible moment. At the top of x100 bubble.
Bear market can kill investors, speculators, gamblers but they can not kill good exchanges. Pancakeswap is a good one.
Especially if we consider the attempt to reduce inflation from Pancakeswap team and community. Buy back and burn mechanism is already in place. In addition, they have vote to reduce emissions from CAKE farming. Farming less but contribute to reduce emission and lower supply. It will support price in long time.
The next bull market will be crazy for CAKE as it is one of strongest AMM platforms. $100 for this token is exciting. I hold hundreds of this token too.
The next bull market will be crazy for CAKE as it is one of strongest AMM platforms. $100 for this token is exciting. I hold hundreds of this token too.
Did you made any calculations how effectively this mechanisms reduce inflation? When I was active in this thread, more than 1 year ago, it was above 200%. How it looks now?
I agree that pancake will be a big thing during next bubble as long as no one will deliver better product since than and pancake business model will work during bear market.
Lowering emissions "they have vote to reduce emissions from CAKE farming" can reduce incentive to farm and lower user base. Pancake created big userbase thanks to big inflation and market bubble so that LP had great returns and traders had great liquidity at an expense of long term investors who were sponsors of this party buying at 10-40$ range. Time will show how this business model will work during bear market.
OP picked great coin ... but in the worse possible moment. At the top of x100 bubble.
Pancake reaching $100 could happen relative to the growth of the market. The bullish market transition from the bear trend needs to be more stronger to reach this. Last year pancake have recorded it's all time high value. By that time price of bitcoin was found above $50k, and pancake touched $44. If this is the case, to reach $100 the bullish move needs to extend and price of bitcoin need to go above $100k.
Especially if we consider the attempt to reduce inflation from Pancakeswap team and community. Buy back and burn mechanism is already in place. In addition, they have vote to reduce emissions from CAKE farming. Farming less but contribute to reduce emission and lower supply. It will support price in long time.The next bull market will be crazy for CAKE as it is one of strongest AMM platforms. $100 for this token is exciting. I hold hundreds of this token too.
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