With this new fixedterm staking till now PS semi-burned about ~74 Million cake tokens ! And also Pancakeswap is going to redesign tokenomics of CAKE token so they can burn even more tokens weekly ! Then what do you think !? ^_-
And if we talk technically as you can see price is in uptrend channel and after this panic sell off it is now going to create a reversal pattern !
So we can have 2 scenarios here :
1- if BTC drops more with bad news we can see lower prices bcuz of market crash ! strong support is around $7.2 next $7 2- but if market starts to heal up again... we can see higher prices again ! first target is around $10 next is around $12
exciting times either way. I think cake is a great token with huge potential. I love the way its just more than a crypto token but offers a great wealth potential