$BTC $ETH $BNB Let’s talk about another cake coin today. Many people are scolding the Pancakswap project team for talking about rat warehouses and so on. These people are really good at it. From the transaction fee to 0.3%, the user's pledge liquidity performance is 0.13% or 0.17%. I forgot exactly. The rest is theirs. Then pledge cake to get rewards based on the annualized rate. The reason for the sharp drop last year was that the annualized staking was reduced to the limit, which caused the income of the original stakers to plummet and wiped out the rewards that users had received. This caused users to sell off. I remember it fell from about 4 to 1, and I bought some bottoms between 1 and 2u. This is indeed a huge loss for staking users, but it will definitely be beneficial to the project in the long run. In the past, the annualized rate was almost 100% in one year, but now it is around 4. Is there less additional issuance? The selling pressure is reduced, brothers, the bull market is coming. The smaller the total amount, the easier it is to rise.
Another thing is that many people say that some news scams say that more than 8 million coins are destroyed and more than 8 million coins are issued every week. In fact, the total amount is declining. The real number should be about 100,000 coins per week.
Let me talk about why I am optimistic about it. The leader of defi is undoubtedly uni, but I am actually more optimistic about cake. First market capitalization and circulation and total volume, uni is now more expensive and has more circulation and total volume. The second point is that uni is mainly on the Ethereum chain, but it is now under great competition pressure. Both jup and cake have huge transaction volumes on the Ethereum chain, forming a three-legged alliance. Although uni still has the largest share, others are sharing the cake with you. Looking back at cake, Binance Chain is the only one with no rivals. Another thing is that anyone who has played in the primary market knows that part of the cake liquidity pool is benchmarked against bnb. In the bear market, the performance of bnb can only be said to be average, but in the bull market, it is now about 2-3 mining times per month. Can you see if the number of bnb mined is increasing every time? 16 million last time, it should be more this time. Everyone will settle accounts in the bull market, and the coins dug up will also rise. Coupled with the growth of bnb, the potential is huge. cake itself is the first-level leader of the Binance chain, and with the addition of Binance bonus, it will definitely explode, but I think it may only explode if it is a big one, and now all kinds of coins are skyrocketing. My suggestion is that if you have excess funds, you can deploy them. Let alone breaking new highs, bullish tops of 10 times are not a big problem.