CAKE-USDT: Looking for Pullback to ~$29 Before Next Push to ATH
CAKE had a great run over the last week and will now take a little bit of a break as it blows off some steam.
My expectation is that it pulls back to $28-$29 before making its next run to all-time highs.
The fundamentals are still very strong and I'm still very bullish in the mid-term.
With their version to launch, they should be able to add more value to liquidity providers and thus grow even further.
Until ETH gets their gas fees down below $10, I believe the Binance Smart Chain will continue to pick up more retail investors.
The one thing that could make me wrong with this is if bitcoin decides to go haywire and take off to 60k in the next day or two.
My expectation is that it pulls back to $28-$29 before making its next run to all-time highs.
The fundamentals are still very strong and I'm still very bullish in the mid-term.
With their version to launch, they should be able to add more value to liquidity providers and thus grow even further.
Until ETH gets their gas fees down below $10, I believe the Binance Smart Chain will continue to pick up more retail investors.
The one thing that could make me wrong with this is if bitcoin decides to go haywire and take off to 60k in the next day or two.
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