I feel that Cake has fallen through and is seriously undervalued. It hit a new low a few days ago. If you want to see whether it is undervalued, you need to see whether it continues to rise in the short term. If the bottom exceeds 50% or even doubles, then 1.0% here is a golden pit.

I said in the morning that the cake will start to deflate tonight. I have successfully heard that there will be deflation every week in the future. Follow Daddybnb's example and use dex transaction volume and various incomes for deflation.

At present, the number of soft caps and hard caps is determined to not exceed 400 million. Currently, the amount in circulation plus pledge is close to 400 million, which means that cake has all entered circulation, with a market value of 500 million. Compared with the valuation of the same industry, it is considered underestimated. Why do you say that?

The transaction volume of uni next door is more than twice that of cake, but the real users are much more than uni, and tvl and uni are similar. However, the market value of uni is 2.6 billion, and cake is currently 1.21, which is only 500 million. In theory, cake At least the current market value of uni should be 1 billion. So is Uni overvalued or Cake undervalued? If you think Cake is not undervalued at the moment, then in terms of value, Uni will at least be cut in half.

What's more, the father behind Cake is Binance, and CZ also favors PancakeSwap. He tweeted: I only use two exchanges, the first is Binance, and the second is PancakeSwap.

I feel that this price is a golden trap. You won’t suffer any loss if you buy it. It’s always a good idea to stock up. $CAKE #带你看看币安Launchpad #一起来跟单 #dex $BNB