Longshot on BSC Defi token CAKE via BNB

3 thg 1, 2022

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).