$CAKE
Previously, the surge was driven by emotions, but now that the emotions and hot money have retreated, we still have to gradually rely on transaction fee deflation.
Deflation of 1m cake in a week, and there are still over 300m outside.
It will take about 7 years to repurchase at this price, a 7 times valuation is neither too high nor too low, and no one can predict what will happen in 7 years; everyone just wants to make quick money.
However, with subsidies in pancake mining, it is still quite attractive, as many mines have half of the annual yield provided by cake~
Previously, the surge was driven by emotions, but now that the emotions and hot money have retreated, we still have to gradually rely on transaction fee deflation.
Deflation of 1m cake in a week, and there are still over 300m outside.
It will take about 7 years to repurchase at this price, a 7 times valuation is neither too high nor too low, and no one can predict what will happen in 7 years; everyone just wants to make quick money.
However, with subsidies in pancake mining, it is still quite attractive, as many mines have half of the annual yield provided by cake~