because the price of bake and cake followed the price of btc or bnb and all coins at that time dropped so cake and bnb were also affected.
and also all coins are dropping so you shouldn't be asking this because everything will go down if btc goes down, even though as you said some funds are locked there.
Topic: Why bake and Cake going low? (Read 156 times)
I think it's because bake and cake are no longer new developments that can attract investors or maybe the influence of the bear market is still being felt today and investors haven't entered altcoins yet, hopefully investors can come back in and give a lot of price increases in altcoins.
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
Those coins being held or lock is just part of the entire supply.You should look on the bigger picture and determine on how much coins are circulating in total.You can able
to calculate out if what percentage those staked coins show because if we do talk about price decrease or movement then it all matters with the demand.
If its crashing then simply tells that people are selling out which is aside into those tokens that you've been watching.
Always watch or look to the entire supply than on those small counts or portion.
Many altcoin that have strong fundamental product, so that alot of investor buy and stake it, and there are some altcoin which 80% of the circulating supply staked but the price can not avoid by control of price action of Bitcoin. Bullish or bearish sentiment of BTC will effect to whole crypto market.
I agree with you, just because a coin has a strong fundamental doesn't mean it won't be affected by bitcoins price movement, literally every single coin on the market will get affected whenever bitcoin starts dumping, even coins with low supply get affected also, yfi dump from $70k to about $30k when bitcoin dumped about recently, no coin can goes against bitcoin price movement especially when there are weak hands holding it. 
Many altcoin that have strong fundamental product, so that alot of investor buy and stake it, and there are some altcoin which 80% of the circulating supply staked but the price can not avoid by control of price action of Bitcoin. Bullish or bearish sentiment of BTC will effect to whole crypto market.
I agree with you, just because a coin has a strong fundamental doesn't mean it won't be affected by bitcoins price movement, literally every single coin on the market will get affected whenever bitcoin starts dumping, even coins with low supply get affected also, yfi dump from $70k to about $30k when bitcoin dumped about recently, no coin can goes against bitcoin price movement especially when there are weak hands holding it. 
One word answer, crypto!
It's incredible how these tokens got pumped in the first place!? Now we ask why dump came?! C'mon people, we are in crypto! How many times we saw similar hypes!? What goes up must come down?! But some rare birds always fly higher...
So we have another drop and another drama... for many of us nothing new! Some take it too personally! It's just the business, chill and give it another try tomorrow!
It's incredible how these tokens got pumped in the first place!? Now we ask why dump came?! C'mon people, we are in crypto! How many times we saw similar hypes!? What goes up must come down?! But some rare birds always fly higher...
So we have another drop and another drama... for many of us nothing new! Some take it too personally! It's just the business, chill and give it another try tomorrow!
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
Even though many of the token of cake and bake are locked, the TVL does not necessary means a demand. With the token inflation and a sudden turn of the market to red, many holders are converting their token (cake and bake included) to a stable coin to preserve the value. Lucky that the market is currently recovering so we see some increase in price on the major cryptocurrencies.
Not because its look means that the value are stable still relying with how the entire market is moving, we see dump for a couple of weeks
and those who hold their stake assets follow the sentiments and sell their holdings.
That affect anything around, good to see that currently we again see that there's agood market run and more crypto assets are following this trend.
Once the momentum start to pump up the value will rise following how the market run.
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
One thing I have to say is, the market is a respecter of no coin, that is, when it goes bad, all coins will be affected, unless those with strong news that will manage to stay afloat. Nevertheless, remember when market dumps, many who are holding will rush to sell in order to protect their investments, this then contributes to the dumping of the coin or token in question.
However, it is not dumping in price should be the major concern, the major concern should be on the recovering of that token. In the case of CAKE, I have noticed that it is always fast to recover when to compared to others meaning that people who dumped will always rush to buy up again because of that reward they get when CAKE is staked.
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
Even though many of the token of cake and bake are locked, the TVL does not necessary means a demand. With the token inflation and a sudden turn of the market to red, many holders are converting their token (cake and bake included) to a stable coin to preserve the value. Lucky that the market is currently recovering so we see some increase in price on the major cryptocurrencies.
Look, but it depends on the general demand in the market. When Bitcoin goes down. All projects are running for a stable. I think pancake is no exception. It's just a game. This is just my vision.
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
There are tons of factor, Bitcoin Prive movement will affect every altcoin ou there including CAKE and you can see it now beside that it's about supply & demand, People won't hold it forever. There are tons of early adopters that buying cake on $1-$3 back then and they are unstaking it then sell it also some people sometimes sell their investment and then it invest on another profitable platform or investment option. There are too many factors to be honest but i think that was the most important factor. On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
Basically because they are pegged to BNB, and if BNB is going down, all other BSC shitcoins are going down aswell.
That, plus the fact that the farming reward is BAKE and CAKE, which people immediately sell as soon as they farm something
There is every probability that most of the hodlers who staked their cake and bake unstaked them during the market crash, there unstaked and sold their cake and bake token. We all know that the FUD which caused the market crash affected everything tradable in this crypto space, this shows that many people panicked and sold off their crypto asset. Well now prices has started retracing to the top which signifies that people actually bought during the deep and for sure in months to come we will start seeing a new all time high.
when users are silent, because they know it's not the time in the market either for cake or bake to be locked and cause low scores in the portfolio. this is an opportunity for them to hedge the value which will later return at a recovered price. do not let you unlock and exchange it for another Token. even if it still manages to open the lock, then will you let the losses from the decline that is happening?
Isn't it better than to exchange when the price drop?
Isn't it better than to exchange when the price drop?
I have a big question that
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
On pancakeswap and bakeryswap , most people are staking on that. as an example pancake swap $8,183,547,557 have Total value locked. This means most are holding are holding cakes to earn cakes or what ever the token or coin.
If most are holding why cake prices down when whole market crashing ? i mean they are holding still , are there any reasons?
Most of the holders nowadays are becoming more careful to their assets now, in terms of not selling it. Instead of their holdings will be sleep in the wallet or stuck, they applied staking options. And I think this is the right timing to do it while the market is in stage of bearish market. Moreover, I know it is one of the effective way as of the moment to get profit in the future. Therefore, if cake are down in the market that is because we do not know what the whales are planning for it now.
Not only cake and bake most altcoins even bitcoin move downward in the last 2 weeks and many people are afraid this is the end of bull market so most weak hands got easily shaken and sell immediately wait in the next 2-3 weeks if the market recovers all altcoins will also follow and back on track again.
The token locked in the platform can be unlocked anytime even when someone will be getting the sanction like its token will be decreased caused by the stakers or farmers must have paid the fees for that because they were breaking the rules.
That means if those tokens are not locked permanently in the contract. In my understanding, if there are lots of passive holders and these holders are keeping their coins in their wallets instead of using them to get passive income in the market.
That can also create another dump to the price even when you are seeing so many tokens locked in the platform.
That means if those tokens are not locked permanently in the contract. In my understanding, if there are lots of passive holders and these holders are keeping their coins in their wallets instead of using them to get passive income in the market.
That can also create another dump to the price even when you are seeing so many tokens locked in the platform.
The total of tokens or coins locked is not a reason for coins to go up and down. All crypto markets follow the movement of bitcoin, so far that is the only reason I have observed. The same thing as burn tokens and coins.
I assume there has to be increasing demand that outweigh supply to keep the price high than low.
So, the easy way to get some idea what going on is to compare the total amount available for sell to the buyers.. . Are there enough buying compared to selling?
I don't want to bore you with details... You can obtain the info then compare and contrast.
So, the easy way to get some idea what going on is to compare the total amount available for sell to the buyers.. . Are there enough buying compared to selling?
I don't want to bore you with details... You can obtain the info then compare and contrast.
The market is down and every project is affected by the dip, although it seems some project have a faster recovery mode than some, project like sol already regain like 40% of the previous price they trade on before the bear market happen, others haven't recover that much, but that does not mean that bcs Chain already done, they will surely recover again.
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