The question here
If I bought in the CAKE project for $100 at the first drop, what would have happened now?
As for the project, it dropped in February 2021 at a drop price of $9.5, and it then dropped during the first period to $8.30 per coin.
If you had bought at the first drop, you would have had 12.05 coins.
And currently, your capital would be up to $16 at a price of $1.389 per coin.
And if you sold at the highest peak at a price of 44.278, then your capital at that time would be $533.
It’s considered strong relatively as a project, but not strong price-wise.
It has good liquidity of $11.67 million.
The market cap is relatively large, about $473 million.
As for price performance: it rose strongly, then entered a long period of decline.
It has a high risk percentage, and that is clear from the large price difference between where it is now and its all-time high.
But in the long term, it did have good gains—of course it needs monitoring.
#Cake