Shwayze

CAKE/BNB - CAKE gaining quickly, after epic crash

Long
BINANCE:CAKEBNB   CAKE / Binance Coin
Pancakeswap.finance is doing pretty well, as CAKE has more than doubled over the last couple weeks. We are reaching levels from prior, and looks like at this pace they will be surpassed quickly.

If you are farming LP tokens, you might want to rethink your strategy. Currently, 1BNB = 21 CAKE. About a week ago, 1 BNB = 23.8 CAKE. This may continue to lose, as CAKE is the UNI of BSC. (Dex's are popular, decentralized exchanges, that is why I have picked this one.)

Plus - this is addictive, easy to use, and fun.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.