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/biz/ - Business & Finance

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29163069 No.29163069 [Reply] [Original]

Isn't CAKE extremely overpriced atm? It's about $19 at the minute. Uniswap and Sushi topped out at about the same price, despite ETH being 5x the price BNB is at the minute

Not trying to FUD, I hold CAKE myself, just want to discus what's an accurate price

>> No.29163107

>>29163069
holy shit this is the lowest iq post i've ever seen, when did you start trading? yesterday?

>> No.29163166

yes. it will crash to 5$ very soon

>> No.29163167

Im selling half stack to bnb just in case

>> No.29163255

If anything its underpriced
BSC is exploding
PancakeSwap has more volume than Uniswap
BNB just mooned and Cake has been following closely
We'll be $20+ EOW

>> No.29163267

>>29163069
Why overpriced? Is not even at the same marketcap as uniswap, yet the volume is higher.

>> No.29163279

>>29163069
You're braindead but you're also lucky. Hold on to your cake and sell when you feel you have enough profit in the upcoming days

>> No.29163380

>>29163069
Retard doesn't understand that price depends on coin in circulation, TVL and market cap among other things

>> No.29163410

>>29163069
do you understand that chink has the washtrading cheat code?

>> No.29163467

>>29163069
overpriced? lmao
look at UNI cap and it doesnt even work or have any features compared to this. cake is going to top 10

>> No.29163601

>>29163069
desu, yes. I say this as someone whose all in BNB and the BSC ecosystem. I sold my cake at this point though. there's other moon missions to ride, and bnb is only going up.

>> No.29163622

I guess this hours that the price has been going sideways was perfect for farming with LP tokens

>> No.29163717

>>29163069
Price by itself doesn't mean anything. Cryptos have different micro units. What matters most is market cap, and CAKE is still low compared its competitor UNI, which it has surpassed in trading volume.

>> No.29164059

>>29163717
uni is overvalued too imo. cake at least has a utility with IFOs

>> No.29164323

>>29163069
binance magically generated some busd to start the pump on their ecosystem