#cake拉涨 cake's rise was expected, bsc has been so popular recently, and wealthy individuals from the Middle East and Mr. Chuan have both taken notice. The reason for their interest likely stems from market share and long-term development potential, which are certainly major considerations; otherwise, considering Mr. Chuan's history, why would he invest in a Chinese platform?
As a platform, it's the entry point to the cryptocurrency world and also a public chain; what you have, I have, and what you don't have, I also have... in terms of performance, bsc is quite impressive as well. Another crucial factor is that the boss has strength and is quite capable of making things happen; Binance has not backed down since 2017.
After discussing these news aspects, let's look at the technical side; cake also has significant development potential and is considered a good asset. Not to mention, just from a market cap perspective, cake is currently at 700 million dollars, which is quite a bit less compared to Ethereum's uni at 3.5 billion dollars, but the on-chain activity and transaction fees are indeed on a similar scale. Conservatively speaking, it is reasonable for cake to increase by 3-4 times. Therefore, currently, cake is still considered to be in a good price stage, making it a suitable time to buy, aiming for 7-8 dollars.