price of CAKE $50 realistic? - page 12.

bitkanu

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 AM

What prospects do you think the CAKE coin has?

Pancake swap can do more expansion. This will be also helping cake to growth and remember 1 billions binance fund to help the defi to growth. This will be affecting cake as well.

Quote from: coinzzzpro on October 13, 2021, 08:24:00 AM

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.

It's really worth right now. APR for cake was still big and you can earn good passive income from your cake. I have bought this one @$10 and im still getting good passive income from my cake with good APR.

Quote from: coinzzzpro on October 13, 2021, 08:24:00 AM

What do you think is a good idea?

That's a good idea and i consider cake already traded in so many major exchange sites. The chance for cake to grow like uniswap will always there.

sayam

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I think if everything goes well, the price of CAKE will be 50$ plus in a few months. So if you can hold on to it for a few months, you can definitely sell CAKE at a price of 50$ mark. At the rate at which Pancakeswap is gaining popularity, I think the price of a cake could easily touch the 100$ mark in the near future.

OcTradism

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Quote from: asyakashi on October 14, 2021, 06:45:39 AM

But now, the defi trend has started to fall. CAKE used to be called #1 DeFi. But that doesn't rule out the possibility that cakes can go up to $50. I've seen it be above $30 albeit with an unlimited supply. CAKE is great to invest in.

DeFi start to fall, I don't see it. People use DeFi to swap tokens daily and DeFi marketplaces help to bring more liquidity for crypto market.

Because they are DEX exchange, projects now can get their tokens listed more easily and save listing fee. If you use Pancakeswap, swap fee is cheap and it is a gift for you to trade tokens that are compatible with BSC.

If $CAKE can break the temporary all time high, $50 can be achieve for $CAKE. $50 is not far from the current all time high.

rugrats

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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?

I think CAKE is a promising and future coin that can make you profitable because the wallet behind it is the trading behind Binance one of the top exchanges, in terms of daily transactions quite Large and widely used. In addition, there are many similar competing projects that have prevented the CAKE price from increasing and recovering to the old price of $ 40 and the CAKE team as far as I know they will have a plan to burn CAKE coins periodically. Will definitely increase the price in the near future.

asyakashi

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But now, the defi trend has started to fall. CAKE used to be called #1 DeFi. But that doesn't rule out the possibility that cakes can go up to $50. I've seen it be above $30 albeit with an unlimited supply. CAKE is great to invest in.

LogitechMouse

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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?

I'm holding and staking CAKE right now so I will be a little bit bias about that Cheesy

.

After all, its ATH is around $40. $10 dollars lower than the price you projected and I believe that it will reach that price not this year but next year. It is the first DEX under Binance so I think that that itself might help CAKE to increase its price. Try and hold it if you want. Put it in Pool if you want to stake it and wait until it goes to $50. I think I have a target selling price right now @$50. Cheesy

zasad@

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The market capitalization of PancakeSwap is now slightly less than $ 5 billion, the project has a chance to grow to a capitalization of $ 10-12 billion, as a result of which the token price could be $ 50-60.
This is the simplest analysis when looking at Uniswap.

kanayaTabitha

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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?

The volume of pancakeswap has been growing significantly and there a are lot of new projects held their project token sale on there so i think CAKE is strong and worth to hold. Even there a lot of new projects that similiar to cake (defi and staking also) which also promising.
But if your target sales price is that high, which higher than it's all time high before, i don't think it will happen this year, you should see the next upcoming years and hoping there are no problems with pancakeswap with that time span.

meldrio1

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Planning to hold and sell at $50 price which is good idea. Cake is a potential altcoin so I believe cake will reach $50 price or even more in the future so keep it hold. It's good that you staking it so you can still earning while you holding the Cake. I also hold mine and staking it, it's really good passive income.

Sollaes

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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?

Pancakeswap is the most popular DEX on the Binance Smart Chain with many functions. We can do there not only stacking and trading, but also participate in lotteries and IFO and there is a NFT-marketplace. This platform is developing all the time and I also believe that its native token will cost twice or even more than now in the future.

coinzzzpro

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Quote from: Yogee on October 13, 2021, 12:08:24 PM

Quote from: coinzzzpro on October 13, 2021, 08:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH).

It's 50% down from ATH but we're still at that phase where BTC can surge to six digits so altcoins like CAKE could also go parabolic for the nth time. Pancake is currently the most used AMM and yield farming on BSC so demand remains high. The most important factor here is the movement of BTC.

I agree that where BTC will go, so will all altcoins. Deposits at interest are much more profitable than bank deposits, but in bear market the main asset may fall, so the profit from the deposit will not cover losses - that's the only thing that stops me.

ardydyon

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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 is a good coin defi with a relatively cheap network fee under BSC.
With the advent of cake with its innovation in the form of pancake swaps, there are currently many coins that make swaps similar to what pancakes do.
I think cake has the potential to match or even exceed their ATH. because currently, many new coins whose liquidity can only be done on pancakeswap before the new coin enters the exchange.
besides that cake also has farming and staking that can be done in pancake swap. many innovations and interesting projects offered by pancakes. so pancakes will always be in demand and will continue to grow and be very realistic to 50$

Doell

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oh yes quite realistic $50 maybe even more in the future ,I think dex swap exchanges are being loved by medium traders recently ATH in cake $40 isn't bad ,the increase in trading on the dex is also pretty good yeah ,centralized coin has been on the rise well since bnb appeared so maybe cake will get price in $50 up later in the future or either one year from now that's it

devil2man

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yes for cake reaching a value of $ 50 is possible since pancakeswap is now one of the most famous defi of the bsc blockchain, now its value is about $ 19 but in the past it has also reached $ 43.96 so in my opinion $ 50 is not an impossible goal

el kaka22

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I do believe that 50 and even 100 is realistic for cake. Only thing keeping it right now is the fact that it is not getting the attention it deserves. It is a token that keeps on producing more and more for people who invest and the price is still standing strong. Normally people expected it to go down a lot because of how much rewards it was giving away, but turns out it is not really that bad, it is doing fine and I believe the same thing, it will keep on being strong.

The moment people realize that it will not be doing bad, then we will be doing fine, all we need is a little bit more attention towards it and it will go viral once again. In a world where you could make nearly 2x with staking, and the price is not falling that is just a dream come true. I hope that it will do better and I believe we will do better with it, I have a good chunk of it and I am staking it right now, so I could be a little biased might be shilling it, so maybe we should hear from someone who doesn't own any and why they do not own any.

masulum

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hmph..

Quote from: Cafex on October 13, 2021, 12:15:50 PM

I think that it is quite realistic considering the current big run in the market. The ATH level of CAKE is $44 which happened five months ago. Now the price is $20. I see this as a good opportunity to buy considering that. But always keep in mind one thing also that none of the cryptocurrencies in the market can guarantee you any profit. So, it is your choice in the end.

Apart from ATH which once touched $40, the Cake team has strong fundamentals by regularly burning Cake. Although burning has no effect at the moment, the lower the supply and the more DEX it uses, the more likely Cake will hit a new ATH at $50 in the future. however, to reach that price for now Cake is still not strong enough. unless there is a strong bullish trend as well. If the BTC trend is valid bullish, then it could be the end of this year $50 becomes the new ATH cake.

Cafex

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I think that it is quite realistic considering the current big run in the market. The ATH level of CAKE is $44 which happened five months ago. Now the price is $20. I see this as a good opportunity to buy considering that. But always keep in mind one thing also that none of the cryptocurrencies in the market can guarantee you any profit. So, it is your choice in the end.

Yogee

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 AM

What prospects do you think the CAKE coin has? It's worth $20 now and used to be $40 (ATH).

It's 50% down from ATH but we're still at that phase where BTC can surge to six digits so altcoins like CAKE could also go parabolic for the nth time. Pancake is currently the most used AMM and yield farming on BSC so demand remains high. The most important factor here is the movement of BTC.

Teknisi88

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Quote from: coinzzzpro on October 13, 2021, 08:24:00 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?

It is important to remember that the cryptocurrency market remains highly volatile, making it difficult to accurately predict what currency prices will be in a few hours, let alone provide accurate long-term forecasts. As a result, analysts and online forecasting sites can make their predictions wrong.
Advice for you to always do your own research and take into account the latest trends, news, technical and fundamental analysis and expert opinion before making any investment. And never invest more than you lose.

hugeblack

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PancakeSwap is a good low fee exchange that many DeFi projects used so they will have a demand for them tokens.
Unfortunately, there are many other competing platforms, and the central platforms are better and there are many ways to trade currencies, and therefore the price of 40 dollars is considered an exaggeration and is not impossible when there is sufficient liquidity.
Perhaps if Bitcoin breaks the $100,000 barrier, that value will be higher than $50.

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