Today CAKE only worth $35, still damn cheap compared their competitor, UNISWAP. Don't say later i didn't warned you to accumulate and buy the dip when CAKE is worth $100 later. CAKE could be drop more than now, i'm not saying $35 is lowest price, but it's damn cheap.
Take a look coin which has good fundamental, compared HODL too long on some shitcoin like DOGE. With that, your investment will grow later. You can invest on that shitcoin too, but make sure you have plan B when the price goes down, when plan A failed.
Take a look coin which has good fundamental, compared HODL too long on some shitcoin like DOGE. With that, your investment will grow later. You can invest on that shitcoin too, but make sure you have plan B when the price goes down, when plan A failed.
If you go for a comparison between coins of the same type yes, you could argue that CAKE is cheap. But before only asking whether CAKE is cheap you should maybe also ask whether UNISWAP is expensive. It is so hard to know right now whether any of these prices is justified. Comparing it to businesses in the real world the answer seems to be no.
They deliver a service that is so paramount to the success of all crypto currencies we should be thankful they provide us with this. 
