Topic: price of CAKE $50 realistic? - page 3. (Read 1743 times)
many have said that defi category are highly competitive and I agree, everyone blockchain there gonna have more than five defi nowadays, it's highly competitive and i don't think the old platform will just retain their value like that. even though cake has gotten close with $50 marks judging from its former all time high, I doubt it could ever reach that high ever again.
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 $50. What do you think is a good idea?
It was possible when Bsc network start their massive journey. Bnb rise from 30$ to 400$ then this time all bsc network dapp token price also pumped hard. Pancakswap is rank 1 Dex in bsc network. i remembered that cake token price did many x and rised from 0.4$ to 30$.
Now many network has been launched and money which was only flown into cake for staking and liquidity purpose distributed among other chains dex too. Now Aptos, Arb, optimism , matic, sol, avax and many other chains are available and all have own dex so its very hard to reach 50$ now.
While CAKE may have potential for growth, it's worth noting that the DeFi space is highly competitive, with many similar projects vying for attention and market share. It's hard to predict whether CAKE will reach the desired price point of $50, especially considering the volatility of cryptocurrency markets.
That is because it is easy to create tokens in this category as it is decentralized and less inspection or regulation is needed like in a normal crypto category but many of the projects can only come and go because they are pretty bad while this CAKE is one of the strong coins who are still holding despite of dropping a lot of its value.CAKEs all-time high was 43 dollars so 50 dollars might be possible once we are back in the bull run again. Yes, cryptos are volatile but this was also one of the factors which can make the coin grow because people will buy once it dips and then hodl. They will keep on doing this, until the price gets stable and rise consistently up to their selling point.
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 $50. What do you think is a good idea?
almost 2 years when you ask this question and also have seen how the market of cake flows, yes it reached 44 dollars in April same year you posted this, so maybe the answer is clear for now (maybe there is changes in the next Bull run but we knew nothing about that)Cake is not going to reach 50$ today or even this year.
so maybe this thread is enough and nothing to go further.
but cake is still a good project as swapping comes good back in the days.
so it's not surprising that the price of Cake drops sharply, but for $ 50 more it is possible that it can still be achieved,
especially now that the price of Cake is still very cheap, of course this is a great opportunity.
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 $50. What do you think is a good idea?
almost 2 years when you ask this question and also have seen how the market of cake flows, yes it reached 44 dollars in April same year you posted this, so maybe the answer is clear for now (maybe there is changes in the next Bull run but we knew nothing about that)Cake is not going to reach 50$ today or even this year.
so maybe this thread is enough and nothing to go further.
but cake is still a good project as swapping comes good back in the days.
dude it's really sad to see that this altcoin is now worth nothing literally, because you're with high losses imagine buying at 40$ and falling to 12$ or buying at 20$ and falling to 12$. well if you managed to sell at 40$ then consider yourself a very lucky guy because now you can buy few coins and make hodl in the hope that one day you will get back to 40,000$
Buying $CAKE at $40 is bad and now is in serious loss but it is in a bear market. Things will change in a big bull market after next Bitcoin halving in 2024. Pancakeswap is a backbone of Binance Smart Chain and BSC tokens just like Uniswap for ERC-20 tokens.I think with price under $4, it is good to accumulate $CAKE as part of your dollar cost averaging practice to reduce your average entry price and hold the toke patiently. If you can reduce your average price to about $10, it is very possible to have a draw and $20 in a next bull run is possible too. I am not too optimistic that $CAKE token will recover to $40 or make a new all time high but $10 and $18 or $20 is very realistic target price.
While CAKE may have potential for growth, it's worth noting that the DeFi space is highly competitive, with many similar projects vying for attention and market share. It's hard to predict whether CAKE will reach the desired price point of $50, especially considering the volatility of cryptocurrency markets.
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 there is still an opportunity to buy CAKE because it is still in decline. I think if CAKE is around $3.75 then it is on the decline because we know that CAKE will surely increase to $50. as it's not showing any positive progress in the previous months so I'm sure it will show its rally so keep your spirits up and don't miss the opportunity to get in. I think it's realistic, moreover Pancake is the second most popular DEX after Uniswap, and I hope the price of CAKE continues to skyrocket because I invest in CAKE and I use it for staking, with a very large transaction volume, of course, CAKE is worth $50 or more.
Don't forget, they are famous because BSC tokens can be swapped there.it will definitely happen but $50 without updating and moving from develop is the same as dreaming to be rich but no action in life.
I think there has to be something that makes them likable to be at that stage.
but when there is no meaningful update from develop i'm even sure they will touch it
Cake is Great crypto in portfolio. I Think it’s already popular. It's a potential and promising because people are known to pancakeswap.Now Pancakeswap is one of the greatest and popular. Cake that price now $11-12$ around. I think that coin price will be more increase in future.I Think its long term term coin.you can buy and hold time i hope Cake price will be reach $50 in big pump in future.
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 one of my favorite crypto in my portfolio. It is popular because people are much more well known to pancakeswap. It has great potential and promising too. Obviously it can hit $50 and it'll be rising for a big pump. 
I think it's realistic, moreover Pancake is the second most popular DEX after Uniswap, and I hope the price of CAKE continues to skyrocket because I invest in CAKE and I use it for staking, with a very large transaction volume, of course, CAKE is worth $50 or more.
So you have this thoughts just because you invested in this coin and you are using in staking but what if you are not an investor?what if you did not even buy a single cake will you still have that belief?
Yes cake is a good currency and this project is what i am looking now to invest but asking to take 50$ value sooner?
i think this is over expectation instead try to invest more time before this happens lol .
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 $50. What do you think is a good idea?
dude it's really sad to see that this altcoin is now worth nothing literally, because you're with high losses imagine buying at 40$ and falling to 12$ or buying at 20$ and falling to 12$. well if you managed to sell at 40$ then consider yourself a very lucky guy because now you can buy few coins and make hodl in the hope that one day you will get back to 40,000$
https://coinmarketcap.com/currencies/pancakeswap/
unbelievable
cake once reached ATH $43.96 - Apr 30, 2021 and is now experiencing a very significant decrease with -73.2% from the last ATH obtained and certainly not a positive thing, even though everything is red at the moment, but now the cake is priced at $11.78.
you are right, cake is very lucky to be on the binance network which is often used, because the cost is very cheap compared to other networks.
but we must also know that the swap competition is very tough, because many alternatives are available and this makes the competition very tough.
so it is not surprising that the decline is quite significant and it is unlikely that it will be easy to reach $50. at least have to work hard from cake to continue to innovate, so that if you want it you can reach $50.
You are right that it is far further away from ATH than most other coins. Most coins are away from their ATH by 30% to 50% right now whereas Cake is 70%+ away from it. Is this bad for today? Of course it is, people have either realized or unrealized losses far greater than most other coins and you could be feeling upset about it. However, it is also great for the future, because what is bad today, means it has bigger potential for tomorrow. you are right, cake is very lucky to be on the binance network which is often used, because the cost is very cheap compared to other networks.
but we must also know that the swap competition is very tough, because many alternatives are available and this makes the competition very tough.
so it is not surprising that the decline is quite significant and it is unlikely that it will be easy to reach $50. at least have to work hard from cake to continue to innovate, so that if you want it you can reach $50.
We could see the price increasing way more than any other coin, if Cake breaks ATH and others do as well, it will mean Cake making a bigger increase. So this is why it is not a bad idea at all to get into Cake now, especially when they have auto restaking as well. Will it be 50+ dollars? I do not know, probably in a year or two it will reach there, I just don't think it will happen very soon, it will probably take a while.
cake is a platform that uses the binance network with very low gas costs, where the price has soared to $48.18, even though the current price of cake has fallen too deep at $11.15, I am very optimistic that one day CAKE will skyrocket again, I think the value of $50 is very realistic to achieve CAKE.
cake once reached ATH $43.96 - Apr 30, 2021 and is now experiencing a very significant decrease with -73.2% from the last ATH obtained and certainly not a positive thing, even though everything is red at the moment, but now the cake is priced at $11.78.you are right, cake is very lucky to be on the binance network which is often used, because the cost is very cheap compared to other networks.
but we must also know that the swap competition is very tough, because many alternatives are available and this makes the competition very tough.
so it is not surprising that the decline is quite significant and it is unlikely that it will be easy to reach $50. at least have to work hard from cake to continue to innovate, so that if you want it you can reach $50.
I think PanCakeSwap is one of the biggest and most useable decentralized exchange on Binance SmartChain which mean that binance is fully support the PanCakeSwap we can also say that binance is behind it and if binance is behind of any project it will never failed because Binance is one of the high trading volume Exchange in crypto space we can also say that he is the whale of market. so due to these reasons, I will select Cake coin and I know that it will follow that path of UniSwap and will bullish his price soon and will break the previous All-Time High and will make new All-Time High which will be around 50$ or 50$ plus.
cake is a platform that uses the binance network with very low gas costs, where the price has soared to $48.18, even though the current price of cake has fallen too deep at $11.15, I am very optimistic that one day CAKE will skyrocket again, I think the value of $50 is very realistic to achieve CAKE.
I was always hopeful about Cake, but now I'm a little more cautious about it. Unsuccessful IFOs and the drop in apy rate create question marks in my mind. Apart from that, it is still a big advantage that it is the most used dex in the bsc network. Projects in the bsc network are still sharing their first contract on pancakeswap. There are still very high volumes, but when I look at it from this side, I am hopeful.
$50 is a realistic CAKE price in the future in my opinion, but as I mentioned that currently Pancakeswap is not the only token swap place, there are other token swap places that are an option and I think that's a good thing. If the price exceeds $50, then it is no longer realistic.
For BSC network users, they mostly use Pancakeswap to complete their exchange or swap tokens, although most of these users only use Pancakeswap to that extent without seeing Cake coins so staying at $50 in the future will also be very difficult for Cake.
cake is a platform that uses the binance network with very low gas costs, where the price has soared to $48.18, even though the current price of cake has fallen too deep at $11.15, I am very optimistic that one day CAKE will skyrocket again, I think the value of $50 is very realistic to achieve CAKE.
$50 is a realistic CAKE price in the future in my opinion, but as I mentioned that currently Pancakeswap is not the only token swap place, there are other token swap places that are an option and I think that's a good thing. If the price exceeds $50, then it is no longer realistic.
For BSC network users, they mostly use Pancakeswap to complete their exchange or swap tokens, although most of these users only use Pancakeswap to that extent without seeing Cake coins so staying at $50 in the future will also be very difficult for Cake.Jump to: