Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA - page 6. (Read 3174 times)

Well its too soon to tell because we also knew how good Ethereum platform and how this has been trusted for years no.
while Pancake is still gaining investors and trust from the whole crypto community.

But I'm not losing my sympathy for Pancake as i have tried Holding some decent amount since march this year and hope this will be a good investment for the years to pass.

Not every project on BSC is listed on pancakeswap, you still need to put the contract address to swap to token you want. What do you see pancake in the future? All people will prefer it instead Ethereum?

This is possible because the future of pancake is very big, every project on BSC platform to be listed there, so it represents BSC platform, so its value can be considered represents a platform that is BSC.

They did great because pancakeswap showed a massive growth. They can still grow in the future, but there is more and more competition coming and they all want to become the best DEX...
I also hold some CAKE, just because the APY is high.

This Cake drop from ATH $40+ to down below $10 previously, yet still think consider progressing nicely. Since, It's followed the same pattern it can't hold forever and doing great against Bitcoin dumping. Even, If Cake APY percentage continues to be this high, I don't figure it will support this current price. But, I have same feeling Cake will be recovering with the market, up to $100 at last.

As long as Bitcoin falling freely nothing won't survive, even Cake. I was realized Auto Staking might be great choice, however my portfolio are facing great trouble thus I continuously losing trust over it. But, I have no choice rather than stay long and won't release my fund until Cake hit at least 3 digits.

Cake saw the highest price ever to be $44. When the decline started, I added $26 27, but later I realized that I was in a hurry, it was a bad analysis for me. I believe it will be 3 digits in the long run. I can say that it is indispensable for yield farm for cake.

3 digits? looks like in the long run $cake can achieve that...

pancakeswap is 'The #1 AMM and yield farm on Binance Smart Chain' this is absolutely true. TVL currently available on pancakeswap is $ 9bn. I bought some $cakes when they were $25, I'll hold them until touch 3 digits/$cake.

Like pointed out above though, the majority of new investors did so in Q1 of the year so "long term" it remains to be seen if any of the APYs promised especially for CAKE pool will be fulfilled. 100% I see right now currently but price wise that doesn't even cover to break even those who joined at ATH and see where they are today.

But we'll see of course how it all works out next year.

Absolutely right. It has to continue performing and rewarding its investors to establish confidence of Long term Investors. Having said that when we compare other DEFI/DEX with Pancake swap and do cherry picking , it is still remains a  better choice though its price has come down more than 60% from its ATH due to Bearish BTC Market.

Yeah, sometimes when crypto bigger, all altcoins which has promising future can be also worthy more later. Remember, pancake swap just launched on 2020, they just been a year on this crypto mate, let them grow bigger later.

To a guy who i ignore, idk what you say and i have no intention to read your post. Thanks

actually the whole market is under decline now and not only the pancake mate and also i believe in this project to be pausing the growth because of the bearish trend now but in the couple of months the increase will come after the trend backs bullying .
That's it , the coin has not been completely proving what's it capacity in this market .

Have to admit, I'm not a big fan of Binance at all, but they keep doing the right things and that's really what counts in this space. Speaking to the minds and wants of the mainstream. And kudos also to them for BSC and pancakeswap, it may not be the best thing in crypto but they really showed the defi guys how it's done when you make a smooth platform easy for noobs to use.

I have also invested in Cake mate and like you hoping to see at least 50$ in the next couple of years.

I don't care about the present value and even in the whole 2021 but what I'm looking is the value after the next halving .

do you really think that this can make a 3 digits value ? sorry but I'm not that confident but i like the project.

The problem with this approach is that if its the end of bull market ... and everything says it is ... next bull market we may see in 2023-2025 and until then someone might deliver better product than pancake and you will be left with your bags that are exposed not only to investors rage quitting but also to huge inflation that I was mentioning long before.

You did pick good project, the problem is that you bought it in worse possible moment (after pump from 20 cents to 20$ in just 4 months). You were lucky that we seen final push to 40$ but you fucked up not taking profit.

As I said:


"the most rected traders" club is not yet created since I still believe that market is very close to strong bounce back and +50% or even x2 from current price is possible but not selling at this point will be a sin. And you may say that you dont care about price and if it will dip more you will buy more. ok. But its not investing. Its gambling. you gamble that in next 5 years no one will deliver better product than pancake. And its impossible to be 100% sure here. Its not bitcoin nor etherum where such approach may work. Its just token that is backed by single swap on single chain and huge inflation. Someone will deliver cross chain swap with build in bridges and you will be cooked. Low cake price also may cause a collapse of liquidity - 4,9% APR for USDC-BUSD is weak. With 5$ per cake it will be 2%. People will start to withdraw liquidity and FUD caused by htis will trigger even bigger price collapse. I know its the darkest scenario but you, as investors, should calculate risks. Not buy, buy more, buy more, pray more.

I think the Pancake trend continues to decline, apparently because there are more and more projects similar to Pancakes, and they are supported by massive promotions (we can check in the Coinmarketcap or coingecko) so that they become a serious competitor for Pancake. we just hope the price can reach at least $20, because I'm sure everyone regrets not selling when the price reaches $42.

And yeah, just fucking don't qoute the whole of my OP to just reply with your shitpost. Idc what CAKE price it's, if it got dump i will buy more, if it reached my goal, i might be sell some. What's problem with you? I don't even care what CAKE price will be reached this year, LOL

We don't know yet if it will be rewarding for long-term investors though. It's not even really done 2 years in the market and most of the stuff there has actually been reaching parity (high APYs but wiped out by drops in token price) so it's definitely not proven in the medium term, not sure about long term.

Oh Yeah , your pancakeswap still seats 1 dollar higher from that post since 3 months ago

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

14$ at the moment i type this post 7% loss in the last 24 hours and continues falling.


so maybe this is not the good year for this coin to at least reach even Half of that Goal 100$.

Well looking at "value" of tokens,,, I think we all have to admit especially on defi platforms like pancakeswap, most tokens should not cost anything, not even 1 cent or 1 satoshi but many are trading for a lot of money. I saw last week one random memecoin just got 250k volume a day for what? Zero value just pure speculation.