CAKE

jnc23

CAKE. Got in when it was about 50 cents end of 2020, and sold everything between $40->$20 by August 21. I got into yield farming on BSC super early and the apr on pancakeswap then was like 800%. Between the interest and the price appreciation, I think I probably did 100x on my principal in about eight months. Sold back to bitcoin and fiat and locked in profits before the crash. HOWEVER, I want to point out that I’ve been in crypto since 2017 and this is my ONLY massive altcoin win. I’m usually quite conservative and pretty much only buy btc and eth, plus a few small moonbags. None of my previous alts amounted to much. If you’re new to crypto you probably think it’s just a case of throwing $1000 at the next SHIB or SOL, getting a few 100x wins then retiring… that can happen, but it’s very unlikely. I finally got my rocket, but it took five years and two cycles.

Fragmented_Logik

Where's my CAKE gang at?!

Wonzky

I just want some PAN to go with my CAKE

coinfeeds-bot

tldr; PancakeSwap’s CAKE token is at a crucial crossroads battling long-term resistance above the $4.50 mark. CAKE has managed to outperform most of the cryptocurrencies in the top 100 assets by market cap. The coin's 24-hour trade volumes, at press time, stood at over $55 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CommercialSad4120

my bags are pact and ready for the next run... maybe before it another leg down, increasing the asset size, and minimizing the stablecoins haha i mean just look at dot and link, and look me in the eye, that they won't reach their previous ATH, same goes for KDA, ETH, BTC, KDX, CAKE, you name it... but not all of the coins on the market ofcourse, the ones with no utility, say byebye, no need to steal more ppl money like luna did again haha There is always a chance, but we'll see what happens

gloriousstiffer

I would suggest CAKE on binace. You can stake some at 70% and some at 50% which are both very decents apy. And also cake is very likely to mostly only go up in the long-term future so you would make that pnl as well. I know binace has re-structered some rates, so make sure they are still offering such great ones

bitcoin_islander

There are top 100 coins that pay higher rates than 18%. For example, I can find CRO and CAKE LP's that pay over 24%. Most people havent figured out yet that staking and 21 day lockup is not the only way to go.

poppoppop_youwantit

I don't know about you guys, but shitcoins aren't going anywhere so I'll be investing on BNB and CAKE

Crnorukac

I have BNB staked on Binance, and CAKE on Pancakeswap.

tmztmz2

HAPPY CAKE DAY!!! Thought i should check in on you brother

deathbyfish13

Why not have some $CAKE to calm those nerves?

Pandelein

Never thought I’d be happy to see CAKE at $4.30, but my qwik maffs says that at this point, all of us who got in on that 1-year lock are actually back to around even thanks to a hefty stack of interest, for now! Still gotta survive the inevitable chaos when all that CAKE unlocks though.

FanNo62

I am currently doing staking VLX, BNB, CAKE and 1inch I am willing to hold these coins long term so minor market drops are just an opportunity to buy more to put more coins into staking its potentially more profitable in the future when we see 1-2 more bull runs

indonesian_activist

In this case, the yield primarily depends on the relative price of WOM vs CAKE and you're right the ratio can be volatile at times. Though if you use my vault, in order to mitigate the above affect, in the event of a sudden WOM down-spike, the VAULT will automatically use HAY, a BNB backed overcollateralized stable coin, as the underlying syrup pool until WOM prices recover.

indonesian_activist

Yes, WOM prices are volatile but your staking asset is still in CAKE in the syrup pools and you're earning is compounded 2-3X a day leaving only 1/3rd of ur daily earnings at risk.

EclecticMedal

I know two. First one was a friend who, like yours, was obsessed with BTC. I had heard about BTC way back in like 2014 as another friend was mining it but it was sort of a fun hobby or side project for him - the first guy developed this crazy obsession. He had a dedicated Youtube channel, attended the few, limited BTC meetups where I live and even rambled incessantly about it on a date I set him up with once. He was very, very aggressively trying me to buy in at 1k CAD (so like 750 USD) but due his aggression and in also thinking ETH was more interesting I didn't do it. He later on sold his condo that his parents had gifted him the downpayment for and used all the profit and proceeds to buy more BTC. Fast forward a few years and now he owns a home worth at least 3 million. Another guy I met basically gambled and won massively when he decided to put his entire savings (something like 25k) into CAKE at some point in early 2020 and cashed out when it hit 50 a few months later. So he turned like 25k into a million and now spends his time chilling in various parts of Thailand.

steamyp

CAKE doing it's own thing lol

Asmotheus

I am very careful about big APY now, because I was receiving big interest on CAKE, but the overall value of my investment was still lowering.

Shaz170

I read a historical (a year old) article today that predicted CAKE would be 40$ each by now and 500 by 2030. It's currently about 3-4 $. So yea. The predictors aren't always right.

Sirovi87

Just find a pair where both tokens tend to follow the same trend. BNB-CAKE have a very similiar pattern. And if you want to go for truly safe, pick a stable coin pair lol

givennesshayac6

Yes. Got CAKE at 0.47 and lots of it. Cashed out 95% at $37

indonesian_activist

For harvesting farming reward coins, use autocompounders, beefy has the most selection while Alpaca's and other offers leveraged yield farming, though it's prone to crashes during sudden down wicks. For low fee and Pancakeswap focused autocompounder, try mine at [happyhippo.farm](https://happyhippo.farm) . Here are the fees comparison [https://twitter.com/HappyHippoDefi/status/1545723647993708546](https://twitter.com/HappyHippoDefi/status/1545723647993708546) For reselling and reinvestment, For Uni V3 you monitor the price range of your LP/NFTs. On other V2 based Uniswap fork like Pancakeswap, for me I simply monitor the correlation trend between the two paired token and also of course the transaction volume. For Pancakeswap in particular you need to monitor the regular voting which determines the CAKE reward allocation for the LP farms.

r1sc_au

Stake your CAKE on PCS, earn more CAKE, take that profit CAKE and stake it to earn other tokens. You can keep your cake and eat it too.

jimmycryptso

Just look at the price chart. One year ago CAKE was $25 and now under $4. Doesn't seem like a good investment even with high staking rewards. CAKE has terrible tokenomics, very high inflation rate.

Rez1009

Me too,$CAKE is a fraction of what it used to be. I guess it’s gone out of fashion a bit. I’m sticking with the main coins now like BTC, ETH and a few other layer 1 tokens. With CAKE, The APY sounds great until you see the token devalue/free fall like 50% or worse.

CryptoDad2100

My thoughts: 1. CAKE is not only for birthdays 2. Opera Cream CAKE is objectively the best 3. Red Velvet CAKE will objectively give you the runs, and red ones 4. Carrot CAKE is a hit or miss 5. European style CAKE uses a very different icing base (much richer) than western style CAKE 6. There's nothing wrong with eating CAKE whenever you want it, for whatever reason. YOLO and should therefore enjoy the time you've been given

Toomanator2

CAKE is great but I prefer PIE

bvrgvndy

CAKE is solid IMO. If I had my 60k back I'd have gone all now at $4

bvrgvndy

I'm currently DCAing in to CAKE

Giga79

Sure. Essentially see if the % you're getting for staking comes from revenues or if your rewards are coming out of thin air. When you do Proof of Stake on Ethereum some your rewards come out of *freshly minted* Ether (inflation) plus some are fees collected from blockspace sales. About 0.5% of your staking reward is from new ETH and 3.5% from activity (which would increase during bull markets). This means if you stake 5 years the chain will have inflated by 2.5% and you'll be up 18%, in real terms you'll be up 15.5%. Many people are enticed by maximally high APRs. Sometimes they're 100%+ APR, the reward paid out in a new token like $xdReward that has zero use case other than to be sold. No buyers, so the price trends to zero quickly. So you do get 100% APR but the price of it will drop 10% per day. Like PancakeSwap you can lock $CAKE up for 100% APR. In CAKE's case it has 100% inflation so by the time you've doubled your coins they're worth half as much. Meaning if you stake Cake for 5 years the token will have inflated by 3200% and you'll be up 3200%, you break even in the best case. Lots of users *hold* or invest in coins with high inflation for a while, hoping for a new All time high *price* not aware the *market cap* surpassed the ath already before coming back down again. Terra is an extreme example but it's common especially in chains who have VCs dump giant % of new coins on the market like Avax, Algo, etc. which will reach new all time highs being worth half or less dollars per coin. It's important to know at what rate your cryptocurrencies are inflating. Some of each ETH blockspace fee is burned in addition, reducing the total supply of ETH by 1-2% annually. The outcome is a net *-1%* deflation and 5%+ in rewards. By the time you've doubled your coins they'll be *more* scarce than before. So after 5 years it's more like the chain has deflated 5% and you've earned 18% so earning 23% in real terms. If your thing has no use case and you want to hold onto it for a few years it's good to stake so you don't lose money to inflation, but know you aren't staking to earn money then. If your thing has use cases *that generate income* then staking can be a lucrative way to support the protocol. [This](http://moneyprinter.info) is a good resource to see inflation/costs per protocol. [This](https://cryptofees.info/) shows profits. Note many protocols have nearly no costs and high revenues, and many protocols have insane costs and no revenue. You don't want to stake in a protocol that relies purely on inflation to pay for its security/adoption as an investment. Also note Ethereum is reducing inflation/issuance by *90%* next month as it transitions to POS. I hope I didn't make that too confusing lol

Sirovi87

The trick is to have the yields pay out in a different token, CAKE for example. Pancakeswap rewards CAKE in their stable pair LP farms.

snowfox2012

BNB is not the same as CAKE and UNI. It powers it’s own L1 chain. The others are just governance tokens

PineappleBest

Thanks! I've got some small BNB holding to take advantage of cheaper exchange fees, but staking at 12% is a bonus. CAKE has decent staking returns and seems to have been around for a good while without major controversies

PineappleBest

What's the general consensus on exchange tokens like BNB, CAKE and UNI?

Dips_are_korting

I owned cro and got lucky- that's all. I now stick with blue chip tokens and platform tokens like ETH, BTC, BNB, CAKE, DFI All spread out and earning yield on them.

T-roy94

I was addicted for a few months, took a few Ls and then bought CAKE and Polygon and now I’m just chillin having my account by more polygon per week without looking. I learned the hard way but I got there 😅

bvrgvndy

CAKE

PeytonFacemask

BONE and CAKE are some deep sleepers. Terareum TERA is a deep deep deep sleeper.

PineappleBest

Honestly, this is it right now. I'm DCA'ing, the coins that are most likely getting through this mess are trading at huge discounts vs. ATH and can be staked. ETH, MATIC, ADA, DOT, even some others like CAKE, BNB. DCA, stake, rinse, repeat. We'll all moan at how filling bags is difficult when ETH is $5k, but the opportunity is now for those that have enough to see through the impending recession

GoodFellahh

1st of the month: 250-300 eu into BTC 15th of the month: 200-250 eu into any alt I have dug in a little bit. I started this strategy in June and so far it has been MINA and CKB. I am not sure yet which one to buy next week but I am leaning towards CAKE or DOT.

OkCat7928

Buying CAKE and AXS

KilzzoneXD

#HAPPY CAKE DAY always accumulating!

FanNo62

If I wanted to donate to charity, I would just do it with USDT My cryptocurrency CAKE, KDX, FTM and so on is invested in staking, so in this case I would choose USDT

pyritejet

No, I'd say buy BNB on kraken, send it to a Metamask wallet, and buy your CAKE there or directly swap the BNB for your altcoins on Pancakeswap

StarScreamer

ALGO ADA BONE - I was going to do SHIB, but I changed my mind and went with their gas token. MATIC CAKE LINK

Affectionate-Bat-816

We may see a very good run from few of the these altcoins, I am actually tipping ADA, OGN, SOL, DOT, ETC and CAKE.

EclecticMedal

1) I don't think there is a conspiracy against Cardano. I do think that it weirdly rocketed up very fast and a lot of FOMO'ers jumped in and got burnt which soured a lot of individuals on it. I think everyone can understand eUTXO just fine - but there is a lot of misinformation about it. An acquaintance of mine who made a life chancing amount off of CAKE called Cardano vapourware about a month ago - still had no idea what it has functioning dexes or substantial NFT volume, etc. 2) I don't think think he's disliked by his former colleagues at all, and comes across far more interesting and eloquent than Gavin Wood - who has the personality of a piece of cardboard. 3) Current state is good, the ecosystem is growing incredibly quickly. There are dexes, each trying different things, lots of NFT marketplaces which passionate fans as you've noted, and many things coming out soon. You have to remember it took years for ETH to develop to the point where it is today, why would Cardano be any different? Smart Contracts on it are basically a year old and many people don't know Haskell so just be patient. So it overpromises and under delivers...sounds similar to many other cryptos and even tech stocks.

nzubemush

Proudest buy: CAKE @ 30 cents Least proud: Not the many rug-pulls I encountered but LUNA when I caught the falling knife at around $2 during the freefall. Thought I got a good price😅 Honorable mention: Any current OCEAN buy.

Chet_kranderpentine

Sold my ADA above $2.50 and CAKE above $20

funnyfunplusgo

Yeah I sold off quite an enormous list I might not even be able to register. From my LUNA and UST holdings to CAKE. I simply prefered to have them in stables and since then also I have been reading about the EQD stable token of equilibrium and I am hoping it promises enough security. Most of my assets are currently in BUSD.

PhenacSpiral

One I'm mostly looking forward to that of AXL, they currently have their DEX in the works and the fact that it's going to be a multi-chain DEX makes it more exciting. I think UNI and CAKE are also worth watching out for.

Edujdom

I cannot wait for all of this to be released! Very good work team! If this follows CAKE's path, we're going to see again a whole bunch of new millionaires soon thanks to you guys. I'm pumped for me, and for everyone I got into swap💪🏾

fried_rambutan

PTE token right? I think this is Peet-defi and this uses the BSC chain (Binance Smart Chain). If we are talking about the same PTE, then PTE has their own Defi mechanics. Maybe start your research here. Doing a quick check for you, I think Pancakeswap offers conversion between PTE to CAKE, BNB or BUSD (BNB and BUSD are Binance crypto) and from BNB or BUSD, use Binance to swap into your desired crypto. CAKE on the other hand can do the same swapping based on what pancake swap offers. Hope this makes sense. Maybe try a small amount.

bvrgvndy

CAKE

Shoe-True

Do you believe that 10K BTC is still happening? The market is like having a rollercoaster right now and even thought that BTC can break 23K and go with a massive upward trend. Lol. I'm still going to bag some of the tokens I'm buying weekly which are ETH KOLNET LINK ADA and CAKE. We still have a long way to go before altseason.

BullishKimX

Nothing the market is just slowly heading back to its correction for a moment. Who knows, some bearish news might occur again so some whales can buy before they miss out. I've not been DCA-ing for months but I might be considering adding more CAKE KOLNET ADA ETH and MATIC at this point.

BullishKimX

I even thought we are heading 10K BTC immediately but it seems the correction is going to go for a few more days before it starts to retrace again. I'm always preparing for the altseason that's why I grabbed some MATIC ADA KOLNET CAKE and ETH tokens recently to be sure I'm not getting left by the train. Lol.

eat-sleep-rave

**Litecoin** is also deflationary. It has halving events every years just like Bitcoin. And also pancake swap governance token **CAKE** is being burned regularly just like BNB.

sometimesiamjustabox

ITS MY CAKE DAY!!! Make me a thousandaire and donate 25 cents to me each of you!!!! For the low price of 25 cents you can help save a box!

nDreCoelho

What are we eating today boys? CAKE, SUSHI, or UNIcorn?

FanNo62

I think a great option would be CAKE, FTM, DOT and now a great opportunity to buy these coins but another good option would be to keep NFT especially if there is also an opportunity for staking, as it would be with AngelBlock i think in crypto winter we need to buy and staking to get the maximum possible profit in bull market

FanNo62

I have 70% in cryptocurrency, holding KDA, FTM, CAKE, DOT, ADA 20% in NFT, holding AngelBlock, BLVCK I kept 10% in fiat to buy more cryptocurrency if more drops happen

HowsItDoneHowser

Yes mhmm mhmm. I too feel like the weirdest shitcoin that I believed in when I was new to trading was CAKE.

partymsl

Wouldn't you wabt to pay with CAKE for your candy?

RotgutFeng

Have you seen the CAKE or FTM charts though?

bvrgvndy

CAKE is the biggest Dex on the Binance network, pretty massive tbh.

Eyonizback

Think about what you are buying, a freaking token names CAKE!

Affectionate-Bat-816

The bear market has always come with an to garner more coins in the bag, and this has always been my top priority. I am actually into BTC, ETH and few alts like ORE, SAND, OGN, ORN, CRV and CAKE.

DeFi_Guru

Out of this list I would invst in FTM, CAKE, LINK, IMX and if you are willing to take a bit more risk, consider investing in 0xMR, UTNP, DRC and ATRI.

suuperfli

you should teach them about why btc (freedom money) is superior to fiat (slave money) instead of letting them invest in CAKE because she loves pancakes -\_\_-

Inthewirelain

I'm surprised none of them chose PooCoin or similar, or even DOGE. Was there any limit to what they could invest in? Dod you scroll down CMC or Binance or Coinbase with them? Did you vet a list or format it easy for them to read? I suppose the 4 year old may have had them read to her. I can see her picking UNI for the start of the word unicorn on paper, and CAKE, well, it's cake lol. But I'm guessing she didn't read Enjin as engine! Or maybe she did haha, it's quite phonetic.

carrotcarp

I am sure this is the not the CAKE which kid tough at the time of the picking. But i am sure this coin will also survive and will the return in the future is well.

mazame

I mean i am surprise that no one pick the bitcoin and still they are picking some good coins is well. The one who pick the CAKE i can sense that why he pick that particular coin.

CookiesForSaten

Hopefully he has his CAKE and eats it too

The_Chorizo_Bandit

The universal rule of CAKE is that it’s always gone too soon.

gzll0

I think name is the only reason why that kid choose the CAKE. Hoping that one day he will not get disappoint and will fetch more and more real cake just by the choosing cake.

rossionq1

Lmao. 4yo: “I want CAKE. Put it all in CALE!!l

The_Particularist

>M** (9yrs old, boy): ETH, THETA, ADA. He really loved the black diamond and thought the other two had nice aesthetic designs. >A** (7 yrs old, girl): ETH, AAVE, CRV. She also loved the black diamond, the AAVE has her favourite colour and starts with the same letter as her first name, CRV has a pretty rainbow. >E** (4 yrs old, girl): UNI, ENJ, CAKE. She loves unicorns and therefore, loves UNI. The ENJ logo has a very pretty E for her name. CAKE because she loves pancakes. Better technical analysys than whatever **I** can come up with.

No_Theory9958

CAKE because she loves pancakes might be the most sound DD I’ve ever seen here lol

howmanytaylors

I love that the 4yr old chose CAKE. What 4yr old wouldn't. 😂

WhatMixedFeelings

I remember seeing CAKE and thinking ‘that kid will be disappointed’ 😂

deathbyfish13

>CAKE because she loves pancakes. Just like the last update I think this is better than any investment strategy we have lol

bvrgvndy

Don’t forget CAKE

wrapperNo1

Well, I've been really frustrated with CAKE. They have a great platform, but the PanCakeSwap team has just not been cutting it since last year. They have just dropped the LP APRs by 11.7% to reduce the inflation by less than 2%, and the current inflation is at around 37% annually! They use the platform's revenue to burn some of the emissions, which reduces inflation, but instead of introducing features and improvements that will increase revenue, they made the platform less attractive by decreasing profits dramatically, this will in turn reduce revenue and will cancel out the deflationary effect. Their biggest issue before that was their unlimited supply, they solved it by introducing a supply cap which is 150% more than the current circulating supply, meaning, the supply will have more than doubled by the time it reaches the cap 4 years from now, combine that with the loss of attractiveness caused by the lowered APRs and you will end up with paper in a year's time. All of this frustration is magnified by their token governance which is a complete JOKE! So they basically unilaterally decide the voting options for you, which can be summarized as (a) Bad Decision, (b) Bad Decision and (c) Bad Decision. Democracy at its finest. I'm still rooting for CAKE, but only based on the unjustifiable hope that they might hire someone who is not a clown some time this year and will turn things around. Note: I'm not a native speaker, I hope you get my point.

FanNo62

cryptocurrency is recovering a little bit now, so maybe we bounced back from the bottom? but no one knows for sure but what i do, i just invest 10% of my money from DCA in cryptocurrencies once a month, i buy KDA, LINK, DOT, CAKE because i believe in these projects If we fall more, I will still buy and not sell, because in the long term there will be growth in any case, and I'm ready to wait

FanNo62

Well so far I have invested in KDA, KDX, FTM, CAKE, DOT and I can not say that I am disappointed, although the market is falling, on the contrary, I try to buy more to average my positions These projects are developing and so they will grow, so you should not