Cake Prediction

[deepverse]

source

I think the price of CAKE is going to remain in the range we've been in since the beginning of August. As much slander as there was about the staking being locked, I think retrospectively it's going to prove to be a great move. I say this because with the extreme volatility of the market, after shaking off the less committed holders of CAKE (which I believe has been done by now), we have a more stable price than a majority of tokens. With Bitcoin's price fluctuations and it being in an overall downtrend, this stability will hopefully set us apart from our competitor's tokens. I would love to see the price of CAKE rise before Bitcoin even has a reversal as investors tracking our price see there is something significant stopping us from falling further/failing altogether, but I am confident that as soon as Bitcoin reverses, us HODLers will see very nice/significant gains. Unfortunately, I think we will be waiting on Bitcoin's reversal obviously until the economy of the United States, and SLIGHTLY more importantly (lol) the economy of the world find stable ground and recover from the pandemic and overseas conflicts. This winter will probably be a drastic downfall in Bitcoin' price as the lack of energy due to the war in Ukraine, ESPECIALLY in European countries, takes its toll on economies and trade....

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