CAKE Staking Unlocked

You can buy CAKE via Gate.com by following the steps on how to buy CAKE once you have funded your account.

There are two perspectives on how the price of CAKE is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of CAKE. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect CAKE's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of CAKE based on past trends, based on the principle that 'history tends to repeat itself.' Price action of CAKE is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of CAKE.

CAKE reached an all-time high of ₺43.96 in 2021-04-30, while its current trading price is ₺2.69.

CAKE reached its historical low of ₺0.1944 in 2021-04-30.

The current market cap of CAKE is ₺993.09M, with CAKE’s circulating supply at 344.56M CAKE and the current trading price at ₺2.69.

Currently, there are 344.56M CAKE circulating in the market. These CAKE tokens can be traded or used on the open market.

The maximum supply of CAKE is --, including its circulating supply, locked or staked amounts, and any supply yet to be mined, minted, or created.

Currently, the fully diluted market cap (FDV) of CAKE is ₺1.21B. This is calculated by multiplying the circulating supply by the current price of ₺2.69, assuming all of the token’s supply enters circulation.

The CAKE price prediction uses algorithms that automatically identify trends in historical data and make predictions and adjustments based on current market conditions. With advanced machine learning, the price prediction can help users assess the trends in the cryptocurrency market before making an investment.

CAKE has a strong return potential due to its inherent volatility, which offers opportunities for profit. However, volatility is a double-edged sword and is more suited for investors with a high-risk tolerance and good financial health. It’s important to remember that CAKE and the broader crypto market are always impacted by extreme market conditions, legal policies, social media stories, and other unpredictable factors. Therefore, before investing in CAKE, it's recommended that you conduct thorough research and practice risk management.