Longshot on BSC Defi token CAKE via BNB
I think Pancakeswap is worthy of a small capital allocation at this time considering it has been about 2 years of steady bleeding. Swapping a bit of BNB right here. Already have swapped lower and have a tiny amount farming at 40% apy in the CAKE-BNB LP (staking). Bought a small position of roughly 10 CAKE to just hodl at current prices. Looking to just keep it for the next 6-12 Months. Small play, nothing too serious. First impulse higher over the last couple of weeks might be a preview for a longer term price appreciation on the pair. Looking to add some fundamental analysis on CAKE in the next few days and will update with comments.
Possible upside target 0.05+ from 0.0235 (today).
Possible upside target 0.05+ from 0.0235 (today).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.