Pancakeswap (CAKE) — the token remains one of the most favorite of the audience, constantly getting into the ratings for social activity and trends.
It seems to me that #CAKE will take its rightful place in the BNB ecosystem in 2023-2024.
Plus, all the time:
- Emission is limited.
- % of rewards in CAKE pools are cut - which reduces the inflation of the token.
- DEX and BSC are developing - including all sorts of bridges.
- Large holders are controlled - by "blocking" CAKE in staking.
- Received investments from Binance Labs.
From a technical point of view, so far nothing has been observed on CAKE, except for the last month it has been going against the market and Bitcoin. The chart shows a clear push towards the $4.6 level, our opinion is that after the breakdown we will go to test the 200 MA. If we consider token in the long term, I would like to see another update of the bottom to make purchases, but otherwise the price of about $3 seems pretty to me