$CAKE — what underlies the revaluation hypothesis
The long-term thesis for $CAKE is built on a combination of prolonged accumulation, protocol economics, and a reduction in token supply. If things develop favorably, this could create the basis for a move above $4.50.
A more ambitious target of over $10 is based on a comparative valuation with $UNI. But being in the same sector does not in itself imply the same fair market capitalization: revenue, the share of value passed on to the token, and supply all matter.
Therefore, $10 is the result of a conditional model. Its assumptions and the resilience of demand should be examined—not just the distance to the target.
The long-term thesis for $CAKE is built on a combination of prolonged accumulation, protocol economics, and a reduction in token supply. If things develop favorably, this could create the basis for a move above $4.50.
A more ambitious target of over $10 is based on a comparative valuation with $UNI. But being in the same sector does not in itself imply the same fair market capitalization: revenue, the share of value passed on to the token, and supply all matter.
Therefore, $10 is the result of a conditional model. Its assumptions and the resilience of demand should be examined—not just the distance to the target.