After stabilizing the CAKE callback, it can still be bought.

Cake is the leading DEX on BSC, and it is closely tied to the BNB ecosystem. BNB has recently been working on a Megadrop, and the market reaction has been quite good.

Cake has risen from $1.4 to $2.8, and the increase in the short term has been quite strong, which may pose some risk of a pullback. However, when Cake reached its peak in March 2024, the TVL was $2.4B, and now it is $1.9B, which is considered a normal fluctuation.

Moreover, the development team has not been idle; the average number of daily code submissions this year is about 200, which is significantly more active than in 2023. The overall TVL on the BSC chain has also been declining recently, and Cake's trend is basically consistent, indicating that there are no additional issues, and it remains stable overall.

In short, Cake currently has no major problems, the ecosystem is relatively healthy, and the income is not bad. It has risen quite a bit in the short term, so chasing the high may carry some risk, but if the market warms up later, it should still have room to grow. #币安上线BMT