price of CAKE $50 realistic? - page 5.

Dump3er

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Quote from: JahriMeayer on December 08, 2021, 04:40:23 PM

Cake belongs to pancakeswap dex, which dex allows to convert/exchange bep20 tokens easily with taking bnb fees. Major part of good altcoins try to get listed on binance as well as most of bep20 tokens at first list on pancakeswap and provide liquidity enough and such things ould help cake fly higher. Meanwhile i just decide to buy some cake token to hold for long cause good correction is seen currently. Cake ath was upto forty usdt, so i won't be wonder if cake break price of upto fifteen dollar

This is the good thing about CAKE as you described it, it is already an integral part of a major ecosystem, if not the major ecosystem right now. There seems to be no limit to Binance's growth when you look at their investment endeavors and research and development expenditures. CAKE is part of that system and so will also benefit from any move that Binance does. However, there can be unlimited DEXes launched on BSC so they do have some competition already.

awik p

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cake I think to be the altcoin of choice to invest safely. we see that the products are widely used and run well, especially in this era of BEP 20, so as long as we can be patient, we can get $50. maybe not this year, as long as we don't give up hope for it

JahriMeayer

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Cake belongs to pancakeswap dex, which dex allows to convert/exchange bep20 tokens easily with taking bnb fees. Major part of good altcoins try to get listed on binance as well as most of bep20 tokens at first list on pancakeswap and provide liquidity enough and such things ould help cake fly higher. Meanwhile i just decide to buy some cake token to hold for long cause good correction is seen currently. Cake ath was upto forty usdt, so i won't be wonder if cake break price of upto fifteen dollar

carlisle1

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Quote from: coinzzzpro on December 06, 2021, 06:39:37 AM

I continue to buy CAKE tokens at market price . $11 is also a low price. The advantage of tokens with the strategy of selling at the right price is also token farming. Profitability of course is ridiculous, but it's just a bonus.

Continuing to buy CAKE is a good thing, I also keep buying CAKE and now it has reached more than 102 CAKE, the chance to skyrocket from CAKE is very big because it is the second largest DEX and the biggest DEX for the BSC network. after buying I use it for staking and can earn at least $ 2.4 per day.

Not bad, a good passive benefits while waiting for the price to skyrocket.

Not far to happen since like what it was mentioned this asset got the usages where traders and investors always look before participating

and investing. Right now, collecting more CAKE is very likely a good pick, the market still in correction stage good timing to buy more

while the price still cheap.

coinzzzpro

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I continue to buy CAKE tokens at market price . $11 is also a low price. The advantage of tokens with the strategy of selling at the right price is also token farming. Profitability of course is ridiculous, but it's just a bonus.

leea-1334

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Quote from: Semar Mesem on December 06, 2021, 02:07:56 AM

Pancake is the second largest platform after Uniswap, but if we look at the data, the opportunity to become the largest could soon happen, this of course has a positive impact on CAKE because it is the most recommended token to buy, especially staking CAKE which will make users happy with APR up to 80%.

You have no idea what you are talking about obviously,,, just spamming threads I guess?

Pancakeswap is cool,,, I admit. But they need to start doing something about the stupid Scams and IDOs they are running every day. People losing money to rugpull IDOs,,, and people even losing more as fees participating in IDOs when the token returns are much less than what you can even buy+sell (due to small token amounts compared to fees paid).

Samurai trieng

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pancake swab is a platform that has a great partnership such as binance, although currently CAKE is falling too deep, however i think the opportunity to increase is very high, because the potential that CAKE has cannot be underestimated, the evidence is cake has been able to record its best value a few months ago at $44.18, I'm sure as time goes on CAKE will improve again because cake has hidden gems.

bounceback

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Quote from: asyakashi on October 14, 2021, 05:45:39 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.

Yes, it's true that the current Defi trend has decreased even the price of the CAKE coin has also decreased and currently the price is at $11 after successfully touching ATH at the level of $42 last April, but even though the CAKE coin is currently in a decline stage but in my opinion the coin CAKE is good as a long-term investment because I believe that the coin will be valuable again in the future.

Semar Mesem

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Pancake is the second largest platform after Uniswap, but if we look at the data, the opportunity to become the largest could soon happen, this of course has a positive impact on CAKE because it is the most recommended token to buy, especially staking CAKE which will make users happy with APR up to 80%.

Chato1977

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good that i have already released all my funds inside Pancakeswap last May , because week after the price fell down hardly and did not recovered from that time.

gaining 90% of my total investment is not bad for holding 3 months .

Now I am not sure if there is still a good thing to expect from CAKE , and know what? I Don't care lol.

Fredomago

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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?

7 months ago Cake(Pancakeswap) had recorded its ATH at 44$ https://coinmarketcap.com/currencies/pancakeswap/ having that said i don't think any moment this will turn back again because Swapping time had gone now and there are many platform that offers the same with more mature way.
so Nope 50$ is not reachable these days for CAKE.
lets see in the next couple of months or at least 2024 lol.

coinzzzpro

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Quote from: Mr.Scott on December 03, 2021, 09:35:14 AM

Quote from: coinzzzpro on November 30, 2021, 11:15:32 AM

I admittedly bought most of the tokens at $14.62. I could have waited until $12, but I couldn't believe it would drop to $12.

Yes, I agree, and I am disappointed. Cake is falling so hard. Early this year, it was 44$, but now it has dropped to 20$, where it has been for awhile, and now to 12$. It's pancakeswap's native token, so I figured it'd be a good buy now. The price is so low. Several blockchains are competing with each other, so all of the big whale funds have moved on. It is unlikely that cake will return any time soon.

I'm afraid that the price will not fall to $7. This price has already been and may be again. The market has been falling for a day in a row, everything is falling and so is CAKE.

Dump3er

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Quote from: Mr.Scott on December 03, 2021, 09:35:14 AM

Quote from: coinzzzpro on November 30, 2021, 11:15:32 AM

I admittedly bought most of the tokens at $14.62. I could have waited until $12, but I couldn't believe it would drop to $12.

Yes, I agree, and I am disappointed. Cake is falling so hard. Early this year, it was 44$, but now it has dropped to 20$, where it has been for awhile, and now to 12$. It's pancakeswap's native token, so I figured it'd be a good buy now. The price is so low. Several blockchains are competing with each other, so all of the big whale funds have moved on. It is unlikely that cake will return any time soon.

I think that one of the major problems CAKE has right now is that it looks like if they stopped innovating really hard. New swapping and staking and farming platforms are popping up right, left and center. They are all willing to compete with CAKE, taking away market share. They need to more frequently upgrade and innovate further in the DeFi space.

Mr.Scott

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Quote from: coinzzzpro on November 30, 2021, 11:15:32 AM

I admittedly bought most of the tokens at $14.62. I could have waited until $12, but I couldn't believe it would drop to $12.

Yes, I agree, and I am disappointed. Cake is falling so hard. Early this year, it was 44$, but now it has dropped to 20$, where it has been for awhile, and now to 12$. It's pancakeswap's native token, so I figured it'd be a good buy now. The price is so low. Several blockchains are competing with each other, so all of the big whale funds have moved on. It is unlikely that cake will return any time soon.

coinzzzpro

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I admittedly bought most of the tokens at $14.62. I could have waited until $12, but I couldn't believe it would drop to $12.

Gudhal Untu

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Pancakeswap is the largest exchange with a daily transaction volume of more than $3 billion, of course this is profitable for Pancake Token so that the price will continue to rise, and I think the price of $50 is still easy to achieve even I am optimistic that when the market skyrockets it can pass the price of $100.

livingfree

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I'm thinking just about $20-$30 is possible.

But $50 is likely too much although we don't know what's with it in the next months to come. There could be a bullish form that it can show to us and will make it to those prices that I've mentioned.

And just as the others that are doubting $50, I'm also thinking the same for cake.

SlimShadyMmp

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With their NFTs roll out and so many things behind the scene I think is just a matter of time before we see that But it will depend on the btc market for now because most ecosystem in cryptocurrencies are yet to realize full potential and is going to take some time for that to happen but am very positive We will get there Once ecosystems start running on their own and maintaining their sector against major currencies I think we will be back up for sure

Pierre 2

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As CAKE investor early and the guy who made good chunk of money at its first rally I don't think CAKE will rally up at 50 dollars anymore with current emission. Although main purpose of CAKE is to stabilize the price so you can stake and earn passive income.

babygun

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Quote from: NelfiNovita on November 29, 2021, 06:59:38 PM

yes it is possible that the price of CAKE will increase in 2022, over time even CAKE will rise to $50 in 2022. Every new coin that comes out is often listed on the CAKE exchange so many people use CAKE coins to transact on the CAKE exchange.
The CAKE exchange is very useful for traders because the transaction fee is very low compared to other exchanges, this is what makes people want to use the CAKE exchange so the CAKE price is getting more expensive.

Don't forget that in the space where pancakeswap is operating, that the competition is fierce with new sites popping up very frequently and some of these newer sites are taken away some volume of pancakeswap. The fee on pancakeswap is similar to other DEX and some other players even offer lower fees so there, they don't make the difference.

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