price of CAKE $50 realistic? | Bitcointalksearch.org

shinratensei_

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Quote from: AmoreJaz on June 10, 2023, 06:39:25 PM

Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

think about the time when the OP posted this thread, he mentioned cake was about 20 bucks at that time. and aiming for 50 bucks. wow, look at where we are now. cake is barely $1.5. and so the aim of 50 bucks is like a miracle mission right now.
that is true most of this type of trading platform have already reached their peak, and so rising up to where they are right now needs a life-changing move from their developers.

many have said that after ftx collapsing many would flock into these swaps, but turns out thats not really true, but I might be wrong since the price decrease of these swap coins in general didn't reflect the current state of the swap platform themselves.
since we all know very frequently that some coins are just made for decoration.
but then again, seeing the other swaps, we could deduct that they have generally have one thing in common that is downtrend, maybe the coin with their utility, aren't really that needed at the end of the day.

JeffBrad12

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Quote from: AmoreJaz on June 10, 2023, 06:39:25 PM

Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

think about the time when the OP posted this thread, he mentioned cake was about 20 bucks at that time. and aiming for 50 bucks. wow, look at where we are now. cake is barely $1.5. and so the aim of 50 bucks is like a miracle mission right now.
that is true most of this type of trading platform have already reached their peak, and so rising up to where they are right now needs a life-changing move from their developers.

maybe that is because there are already so many such platform generated everyday.
im not surprised seeing that these coin already going down ever since, considering everytime there is new blockchain, new swap platform created, and it's not only 1 to 3 platform but its sometimes more than 5 in which I think means that coin relating to these swap platform, aren't that important anymore, since it seemed deploying one is easy enough, when it comes to swap platform, i'd prefer investing in these swap platform that are multi blockchain.
I just think that nowadays, many also prefer such swap platform.

AmoreJaz

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Quote from: Psynthax on July 01, 2023, 06:05:17 PM

Quote from: newdevices on June 11, 2023, 09:28:20 AM

Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

If you already have a lot of users like Pancakeswap, that's already a good achievement, but DEX development is just like that, nothing special,
but keep in mind if CEX is disappearing and DEX is increasingly being used then CAKE can make it possible to reach $ 50 or more.

even then reaching $50 is a bit stretch, its just too far from current valuation not to mention that coin that already have quite high market capitalization aren't that easy in multiplying its own value.
so honestly I also a bit pessimistic in this regard honestly.

not only being pessimistic on this regard, but we need to be realistic here. that 50 bucks may have come into reality couple of years ago. but right now, there's too much things going on with the market and cake seemed to be stagnant. though it is still better than most projects but at the moment, you can only aim for this token to go up to 2 bucks. and you will be happy seeing it goes up, that is, if you are holding some of it.

Psynthax

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Quote from: newdevices on June 11, 2023, 09:28:20 AM

Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

If you already have a lot of users like Pancakeswap, that's already a good achievement, but DEX development is just like that, nothing special,
but keep in mind if CEX is disappearing and DEX is increasingly being used then CAKE can make it possible to reach $ 50 or more.

even then reaching $50 is a bit stretch, its just too far from current valuation not to mention that coin that already have quite high market capitalization aren't that easy in multiplying its own value.
so honestly I also a bit pessimistic in this regard honestly.

mdzahed134

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Quote from: riskarcher on May 31, 2023, 11:05:05 AM

Quote from: mdzahed134 on May 31, 2023, 09:54:56 AM

Quote from: judaspriest on May 31, 2023, 07:35:22 AM

Quote from: coinzzzpro on October 13, 2021, 07:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

Cake still has great potential when the altcoin season comes, especially Cake is one of the DEX projects which currently has many users,
you could even say Binance 2.0 but the DEX version, yes, I support Cake for $50 and I believe it can happen on Cake because Cake is an altcoin with good development.

I don’t want to compare cake with Binance. Because you know Binance is the number one centralized exchange right now, it’s fundamental is very strong than Cake. Also BNB is launched so many real use cases products where i don’t see in enough development in PancakeSwap. So many swap exchanges tokens in the market so i don’t think it’s a worth invest.

So far Pancakeswap only used for to get Funding and support scam coins/projects, Enough for me to particapate on swap coin with weird coin. Usually on Binance exchange i'm use P2P due to it's fee free and trusted with seller or buyer if compared with pancakeswap high tax buy and sell, especially use gas fee too Cry

PancakeSwap is a DEX anyone can add liquidity even for SCAM coin it cannot be fault for the exchange, also UniSwap is a similar DEX in ETH network, but it’s true that there are many scam/shit coins in PancakeSwap. How you are comparing Binance exchange with PancakeSwap, both of different ecosystem. P2P isn’t like that Swap or convert any coin, it's implemented in every single exchange i think.

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Quote from: newdevices on June 11, 2023, 09:28:20 AM

Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

If you already have a lot of users like Pancakeswap, that's already a good achievement, but DEX development is just like that, nothing special,
but keep in mind if CEX is disappearing and DEX is increasingly being used then CAKE can make it possible to reach $ 50 or more.

there will always be two different sides in determining, but this is natural and very understandable. it's a matter of whether or not you can achieve it, it's clear that this opportunity could happen but if we look at when ATH was made by cake, not when the btc situation was high, but cake had reached it before ATH from btc, it can be concluded that cake didn't move because of btc's condition. .but indeed because of the movement of oneself.
Can this also be concluded as the colleague above said, that cake reached ATH because at that time the swap platform was really used and after that the swap platform began to be abandoned so the price of cake continued to be corrected and was unable to increase again. if that is indeed a problem then it is certain that cake will no longer be able to reach renewable ATH.

newdevices

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Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

If you already have a lot of users like Pancakeswap, that's already a good achievement, but DEX development is just like that, nothing special,
but keep in mind if CEX is disappearing and DEX is increasingly being used then CAKE can make it possible to reach $ 50 or more.

AmoreJaz

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Quote from: bittick on June 10, 2023, 06:20:41 PM

Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

think about the time when the OP posted this thread, he mentioned cake was about 20 bucks at that time. and aiming for 50 bucks. wow, look at where we are now. cake is barely $1.5. and so the aim of 50 bucks is like a miracle mission right now.
that is true most of this type of trading platform have already reached their peak, and so rising up to where they are right now needs a life-changing move from their developers.

bittick

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Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

there's nothing BIG that swap platform could do honestly, there's just rarely innovation nowadays, moreover added with the fact that most of these swap platform have reached their peak valuation, i doubt they could even grow significantly from here on honestly.

davide72

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many altcoins during the bullrun of 2021 did not make new ATH, so I would say to be very careful as remember that 90% of traders will have to lose money, if you make profit with altcoins sell everything before whales, and do not be fooled by what social media tells you, they are often paid by those who have interests in making you wrong

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Quote from: v3liana on June 10, 2023, 09:02:46 AM

At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

The market is currently very bearish and the selling pressure is also very high on Bitcoin and Altcoins,
Cake has also fallen -9% in a day according to Coinmarketcap, Cake may even fall deeper to $ 1 to $ 0.7,
because Cake's strongest support is at that level, but I believe it is the final Bottom if it occurs.

v3liana

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At this time? Sure not gonna happen. It almost impossible for CAKE price to reach $50. Especially if we looking into the market situation right now, the project really need to do something BIG if they want to reach that price in the future.

monineklutak

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The price of a cake reaching $ 50 is still realistic in my opinion,
because Cake actually reached $ 40 in 2021 when the bulls arrived, so 2024 or 2025 will be decisive for Cake,
whether Cake will join the altcoin season or not and in my opinion Cake will follow the Bullish season.

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Quote from: WalkerIVIV on June 07, 2023, 06:23:09 PM

Quote from: kevindjunaidi on June 06, 2023, 09:36:51 AM

Quote from: coinzzzpro on October 13, 2021, 07:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

yes, because I'm sure the price of CAKE can reach $50 in the future, especially if BSC is getting more popular and more people start using BSC, then of course it will have a good impact on CAKE too, because it will make more people will use CAKE too, so the price of CAKE can increase very high and reach at least $50 easily.

it will still need about 50 times of its current price though which proven difficult how the situation currently now, it might be realistic if we were in bullish but right now the market seems grim, so realistically such price will not be reached this year.

Before the bullish came, Cake would find it difficult to reach new ATH, that applies to all altcoins,
because altcoins still follow the price of Bitcoin, but the good news is Cake is included in the DEX token,
where DEX could be in 2024 or 2025 there will be more and more users because CEX is getting bigger fear,
from the FTX case and now Coinbase and Binance being sued by the SEC.

bitterguy28

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having an continues fall? and the proof is this being rank 97 from top 10 early this year?

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

swapping time is ended , and yes specially now that there is a huge fee in swapping and also in withdrawing ?

I think Cake will never attaint that target , sorry for the supporters .

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Quote from: WalkerIVIV on June 07, 2023, 06:23:09 PM

it will still need about 50 times of its current price though which proven difficult how the situation currently now, it might be realistic if we were in bullish but right now the market seems grim, so realistically such price will not be reached this year.

If $CAKE and $UNI can not recover to like half of their all time highs in 2024 and 2025 bull run market, it will be a very big lesson for investors who believe in top altcoins.

Uniswap and Pancakeswap are very big decentralized exchanges but their tokens fail to keep their prices in this bearish year. It is very big loss for any investor bought those tokens 2 years ago even with prices about half of all time highs.

WalkerIVIV

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Quote from: kevindjunaidi on June 06, 2023, 09:36:51 AM

Quote from: coinzzzpro on October 13, 2021, 07:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

yes, because I'm sure the price of CAKE can reach $50 in the future, especially if BSC is getting more popular and more people start using BSC, then of course it will have a good impact on CAKE too, because it will make more people will use CAKE too, so the price of CAKE can increase very high and reach at least $50 easily.

it will still need about 50 times of its current price though which proven difficult how the situation currently now, it might be realistic if we were in bullish but right now the market seems grim, so realistically such price will not be reached this year.

ningrum

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Binance and Coinbase are in trouble with the SEC and it will be an opportunity for the DEX token to rise again,
and CAKE will be top 1 in being a DEX exchange because we know that pancakeswap has a great reputation being built on the BSC network,
and the second one is probably Uniswap, Of course, if this happens, Cake will easily reach $ 50 in the bullish season.

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Quote from: kevindjunaidi on June 06, 2023, 09:36:51 AM

Quote from: coinzzzpro on October 13, 2021, 07:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

yes, because I'm sure the price of CAKE can reach $50 in the future, especially if BSC is getting more popular and more people start using BSC, then of course it will have a good impact on CAKE too, because it will make more people will use CAKE too, so the price of CAKE can increase very high and reach at least $50 easily.

Cake has reached $ 40 in 2021, of course that's a good thing and can be used as a guideline that even $ 40 can be achieved, let alone $ 50?.
so with that investors will also believe that Cake is able to reach new ATH again,
but indeed there is no guarantee and all we have to do is hold and believe that it will happen in the bullish season.

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Quote from: coinzzzpro on October 13, 2021, 07:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH). This DEFI token is for trading and stacking. I plan to hold it (and stake it as well) and sell it for $50. What do you think is a good idea?

yes, because I'm sure the price of CAKE can reach $50 in the future, especially if BSC is getting more popular and more people start using BSC, then of course it will have a good impact on CAKE too, because it will make more people will use CAKE too, so the price of CAKE can increase very high and reach at least $50 easily.

Topic: price of CAKE $50 realistic? (Read 1823 times)