Topic: What do you think about CAKE? - page 3. (Read 581 times)
Cake can reach any price as every crypto assets are speculative assets like Bitcoin. The price cant be predicted perfectly but with more development on CAKE platform, The coin can reach any price at any time. Moreover, its currently in a correction mode so the next thing should be pump.
The cake price had reached maximum of 44$ and minimum of 5$.So by mean calculation the price of cake must be reached between 24.5$.So with my calculation and prediction.The price of cake will surely reach of 20$+ before this year end.Its better to inverse a good amount of cake at 5$.When the price is increase to 20$.You will get the profit of 300% from the current value.Only the few people will miss this goldern opportunity.
There’s a high possibility for this because of that ATH with CAKE, and right now is a good time to accumulate, though it is not guaranteed that it will rise in just a short period of time but at least you already have CAKEA that can pump again and continue to rise in the coming years, maybe the next bull trend CAKE will join that. 
Cake never saw its highest price ever again. From there it quickly dropped to twenty dollars, then ten dollars. Now, as the market has turned into a bear, there is a possibility of further decline. In fact, you can buy a piece of cake and put it in a long-term cake apy pool, it's very risky, ignore it.
We can literally say this for bitcoin itself. It was 68k, then dropped under 60k, then dropped under 50k, then dropped under 40k, and now stays under 35k. If we look at things as how they dropped individually then we will imagine them being horrible and it would not make any sense because they would look like they dropped so much that there must be something wrong with them in that case.However, if you look at them as a market general comparison then you will see that it's not doing that bad, I mean Cake did drop, and dropped a lot for sure, but that doesn't change the fact that the whole market dropped so it shouldn't be of any concern for you.
The cake price had reached maximum of 44$ and minimum of 5$.So by mean calculation the price of cake must be reached between 24.5$.So with my calculation and prediction.The price of cake will surely reach of 20$+ before this year end.Its better to inverse a good amount of cake at 5$.When the price is increase to 20$.You will get the profit of 300% from the current value.Only the few people will miss this goldern opportunity.
I think cake is one of the coins that has very good potential, and is very good to invest in the long term, if you want to invest in cake then now is the right time to buy it because at this time the price has dropped very drastically which is around $5 where the price of the cake has reached its ath which is $44 in 2021 yesterday, I am very sure that in the next few years the price of cake will increase as the crypto market improves.
I think CAKE is one of the coins that has a very prominent privacy in crypto, where the price of cake once reached its highest price last year, which was $44, but because the crypto market experienced a prolonged bearish period CAKE also experienced a very in of $5.86 but I am very optimistic if the crypto market recovers and enters the bullrun season, the CAKE price will increase again.
Do you think it will reach $20 this year?
Looking at how it is already 6.7 dollars, 20 dollars is not really that impossible. The current market is unfortunately not great and that could be a reason why people think that it will not reach that high, but at the same time we have to realize that the price is not doing that badly when the whole market goes up. So that means when the prices of coins go up, then cake will go up with it.This means we need to reach a whole new level on bitcoin, ethereum, bnb and all the others. Doesn't mean that we can't or we will, it just means that I do not see Cake going to 20 dollars alone, only if things go up a lot then we can see the price go up a lot more.
The price of CAKE today is really down drastically compared to last year which managed to reach the price of $44. As you said CAKE is now at $6,
which means CAKE is down about 84% from ATH. Moreover, this year the market entered a bearish trend, which did not allow the CAKE price to rise
to a price of $20. CAKE is indeed a good project for investment, especially now that the price has dropped very low, so now is a good time to buy CAKE.
But in determining our target we must be realistic, because the target price of $20 is too difficult for CAKE to achieve this year. Moreover, the price of
Bitcoin, which continues to decline in price, has an effect on the majority of altcoins as well. Maybe if the market recovers and Bitcoin price can rise
again above $60k this year, the price CAKE might reach is around $10. I think the price of $10 can be achieved by CAKE this year, that's a pretty
reasonable price that CAKE can achieve this year.
I agree with what you said, Cake never saw its highest price ever again. From there it quickly dropped to twenty dollars, then ten dollars. Now, as the market has turned into a bear, there is a possibility of further decline. In fact, you can buy a piece of cake and put it in a long-term cake apy pool, it's very risky, ignore it.
Do you think it will reach $20 this year?
Looking at how it is already 6.7 dollars, 20 dollars is not really that impossible. The current market is unfortunately not great and that could be a reason why people think that it will not reach that high, but at the same time we have to realize that the price is not doing that badly when the whole market goes up. So that means when the prices of coins go up, then cake will go up with it.This means we need to reach a whole new level on bitcoin, ethereum, bnb and all the others. Doesn't mean that we can't or we will, it just means that I do not see Cake going to 20 dollars alone, only if things go up a lot then we can see the price go up a lot more.
The price of CAKE today is really down drastically compared to last year which managed to reach the price of $44. As you said CAKE is now at $6,
which means CAKE is down about 84% from ATH. Moreover, this year the market entered a bearish trend, which did not allow the CAKE price to rise
to a price of $20. CAKE is indeed a good project for investment, especially now that the price has dropped very low, so now is a good time to buy CAKE.
But in determining our target we must be realistic, because the target price of $20 is too difficult for CAKE to achieve this year. Moreover, the price of
Bitcoin, which continues to decline in price, has an effect on the majority of altcoins as well. Maybe if the market recovers and Bitcoin price can rise
again above $60k this year, the price CAKE might reach is around $10. I think the price of $10 can be achieved by CAKE this year, that's a pretty
reasonable price that CAKE can achieve this year.
Do you think it will reach $20 this year?
We all hoping to see the market bullish but unfortunately, this year doesn't look good. Like to think that CAKE will push high this year, my answer is IMPOSSIBLE. Prices will just bounce high if Bitcoin will move high as well but for now, it was clear to see the declining sentiment which is expected to continue until the end of this year 2022. If you were holding Cake tokens right, you'd just keep them and never think about selling. It is never to say it has huge potential but it already established market demand that could give a chance to recover as Bitcoin will bounce back.
Do you think it will reach $20 this year?
Looking at how it is already 6.7 dollars, 20 dollars is not really that impossible. The current market is unfortunately not great and that could be a reason why people think that it will not reach that high, but at the same time we have to realize that the price is not doing that badly when the whole market goes up. So that means when the prices of coins go up, then cake will go up with it.This means we need to reach a whole new level on bitcoin, ethereum, bnb and all the others. Doesn't mean that we can't or we will, it just means that I do not see Cake going to 20 dollars alone, only if things go up a lot then we can see the price go up a lot more.
I'm still fairly bullish on some of the altcoins in this market but perhaps what I'm witnessing is a flurry of information and trend navigation that leaves many still unable to envision a future. good or bad future.
But honestly, this is also one of the coins that brought me big profits in 2021, so no matter how it turns out, I am very grateful for it. But 2022 probably no longer has too many good thoughts about this market, and everything needs to be carefully calculated. The goal of $20 is basically not too difficult to happen, but it balances the benefits between risks and profits, I think it's safer for me to sit and observe it.
It did made me a good amount of profit as well, I bought a good chunk of it for under $2 at some point, staked it, made a good return, and sold nearly half of all I owned just to get some other coins and spread my portfolio to a more diversified version.But honestly, this is also one of the coins that brought me big profits in 2021, so no matter how it turns out, I am very grateful for it. But 2022 probably no longer has too many good thoughts about this market, and everything needs to be carefully calculated. The goal of $20 is basically not too difficult to happen, but it balances the benefits between risks and profits, I think it's safer for me to sit and observe it.
Most of the coins that I bought with my Cake profits didn't provided the same level of profit at all, and it was a sad situation. In the end, Cake gets 100% trust from me and I will not leave it aside. When you face a coin that looks to be a thing that can go on for 10+ years, that matters a lot, most projects look like they will pump but eventually go down more and more and eventually be gone, whereas Cake looks like it will be here for 10+ years.
This is good token for long term. The team keep delivering more and more good development but being too optimistic about the price for cake token was not so good. I just wanna try to remind you that when you must aware with the price of cake right now. It's straight going to the bottom like bitcoin and another cryptocurrency in the market. I will believe if cake will be quite stagnant at this moment to follow what will be doing by bitcoin and another tokens in the market
Do you think it will reach $20 this year?
It is possible but I don't have high hopes. Btw, I found an interesting site that forcast and give prediction to CAKE price. See it here. I wonder how accurate this Pancakeswap 2022 price prediction.
The crypto bearish trend is the main reason why investing in the cake token is worst decision right now.
Is it wiser to invest when CAKE price is surging? then sell when price is crashing? 
Long term may good but short term may bad. The crypto bearish trend is the main reason why investing in the cake token is worst decision right now. 20 dollars will be only achieved in your dream. There's no token that can go up during the bearish market except pump and dump token with weak fundamental. the whales can manipulate this kind of token but not for the major or big tokens that available in the market. The bearish market is destroying the mentality from the traders and newbies.
Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.
Of course, it will take time to reach the $20 price and that is likely to happen in the future. But it all depends on how the state of bitcoin and if bitcoin can move up, then it will affect the movement of bitcoin and CAKE can increase. If you want to invest in CAKE, you have to find the right time to buy CAKE because now could be a good time to try to buy CAKE. 
Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.
If it's time to invest in Cake, it's definitely right for now, but it can only be done by people who have great patience because to reach another $20 price on Cake, it looks like it will take a very long time even though Bitcoin can gradually increase again this year. Because altcoins always move slowly when the market recovery occurs. 
Looking at the current state of the market, it takes time for CAKE to reach the value of $ 20 and this will definitely happen because cake coins have also reached the highest value and have passed the $20 mark, if later the price of bitcoin has increased again then I believe CAKE will pass the price of $ 20 as you ask at this time, then investing in CAKE is the right choice for now.
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This doesn't seem to be a good choice at this moment. Bitcoin dump, cake dump. No ATH for cake. No ATH for any crypto at this moment. Touching 20 seems to be another dream that yet to be achieved by cake token. It's too early to think that this can easily go to the 20 at the end of this year.
You must also aware with the condition of market right now. So many people are feeling frustate after they are seeing the market right now. Im not even skeptical about the future of cake token but again if you are seeing the performance of market recently and this will prevent cake to go to the moon and whole of alts just dumped so hard
You must also aware with the condition of market right now. So many people are feeling frustate after they are seeing the market right now. Im not even skeptical about the future of cake token but again if you are seeing the performance of market recently and this will prevent cake to go to the moon and whole of alts just dumped so hard
We all probably know that projects running on Binance Smart Chain (BSC) can grow and develop rapidly because of the advantages of Binance Smart Chain (BSC) which implements low fees and can execute transactions faster than Ethereum (ETH). I personally hope that PancakeSwap (CAKE) can win the market battle and the price can go up to 500 percent in the long term
In the long term, it may still be possible to increase the price for Cake because Cake is a token that has started to live and is liked by many people at this time, including traders and investors who like Cake. So there is nothing impossible for Cake to improve as long as the market can be on a good track. 
Do you think it will reach $20 this year?
Why not?CAKE showed good performance last year and reached a revolutionary ATH , but there is also a negative side now as the market seemingly to have a Bearish trend for the next following months.or maybe extend to another year , as the Mighty bitcoin will be the main to fall and will followed by altcoins.
if you have cake on your wallet then decide if you will Hold for long term ? or you will sell before the crash again.
We don't know if how long this bear will last because we have been in this situation for a long time so many are expecting that is ending soon but for some, they think it will continue since the market seems to love it.
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