BakerySwap: the 1st AMM+NFT exchange; (BAKEBUSD Analysis)
BakerySwap is the 1st AMM+NFT exchange on Binance Smart Chain #BSC.
❇️ COINMARKETCAP's DATA :
Rank #90 kind: Token- On 53,002 watchlists - Market Cap :$1,279,534,279
Fully Diluted Market Cap: $1,877,136,979
Volume24h: $459,318,978
Volume / Market Cap : 0.3609
Circulating Supply :188,717,930.45 BAKE
Max Supply:277,237,400
Total Supply:277,237,400
What Is🌟 BakeryToken (BAKE)🌟?
Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.
👉Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools.
❇️Who Are the Founders of BakeryToken?
The team behind BakeryToken is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAOs).
coinmarketcap- bakeryswap.org
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✅TECHNICAL ANALYSIS
As you can see in the daily time frame chart for bake/USDT, the price is trading around 6.9$ .
After releasing of the Bake Token on Binance exchange, we saw immediately ainitial Sharp climb ,then it was in a range phase over the course of two months , and in the recent two weeks succeeded to make a bullish jump from the floor area, it can be considered the first wave. So after a bit correction it can begin its 3 upward wave an so on.
if it can stabilize its price above the green support for at least one week ,we'll probably see new amazing targets ATH respectively .
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(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
❇️ COINMARKETCAP's DATA :
Rank #90 kind: Token- On 53,002 watchlists - Market Cap :$1,279,534,279
Fully Diluted Market Cap: $1,877,136,979
Volume24h: $459,318,978
Volume / Market Cap : 0.3609
Circulating Supply :188,717,930.45 BAKE
Max Supply:277,237,400
Total Supply:277,237,400
What Is🌟 BakeryToken (BAKE)🌟?
Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.
👉Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools.
❇️Who Are the Founders of BakeryToken?
The team behind BakeryToken is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAOs).
coinmarketcap- bakeryswap.org
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the daily time frame chart for bake/USDT, the price is trading around 6.9$ .
After releasing of the Bake Token on Binance exchange, we saw immediately ainitial Sharp climb ,then it was in a range phase over the course of two months , and in the recent two weeks succeeded to make a bullish jump from the floor area, it can be considered the first wave. So after a bit correction it can begin its 3 upward wave an so on.
if it can stabilize its price above the green support for at least one week ,we'll probably see new amazing targets ATH respectively .
--------------------------------------------------------------------------------------------------------------------
(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
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