I Might Just Consider $CAKE

It was the year 2021 I just discover pancakeswap because it’s the DEX platform used to trade shitcoins, I remember buying my first shit coin called safemoon. It was called shitcoins before it was rebranded to memecoins. While using pancakeswap I discovered that pancakeswap has its own native token called CAKE. Nice right, so I decided to invest in CAKE token, bought a lot and invested in their CAKE NFTs, sadly, the NFT is worth nothing right now, no demand for them. The token started declining in price, over time the price fell to $1 or lesser can’t remember, after buying at above $10 price.

Over time we started seeing more project come, Pancakeswap introduced itself as a BNB DEX project thereby limiting itself to just BNB chain, which was not a great idea, because we started seeing more activities on other chains. They realised this mistakes and added more chains to their DEX platform, I guess this increased the interaction on their platform. Pancake swap has been doing periodic burning mechanism to reduce itself supply, right now the supply is less than 500 Million supply.

It’s currently valued at $2.7 with 500 Million supply, I think I will add it to my watchlist, the All time high is $44, that’s like 12X away from it. The utility is better now, more chain interactions, IDOs are being done on the platform and this might increase the value of CAKE. Don’t take this as a financial advise.