Continue to be optimistic about $CAKE, target 20$ on New Year’s Eve

1. Since the production reduction plan in the first half of the year, CAKE has dropped from a minimum of 4 US dollars to around 1 US dollars. It has recently risen to 3.5 US dollars and maintained the price. It can be seen that the selling wave caused by the previous production cuts has basically ended.

2. CAKE recently voted to reduce the total amount from 750 million to 450 million, which is a major benefit.

3. On the day he took office, Binance’s new CEO stated that he would embrace and adopt web3. Currently, Binance has launched the we3 wallet. In the future, I believe Binance’s focus will be to decentralize transactions and allow users to conduct transactions on the chain. Binance’s own Binance Chain and the pancake decentralized exchange on the chain are the best that Binance has done and are among the top in the world. Moreover, Pancake has launched on-chain contracts and supports multi-chain use. I believe these are paving the way for that moment.

4. Pancake’s profitability is strong, and you can make money to sell it. Previous news showed that pancake earned more than 50 million US dollars last year, ranking third.

5. Pancake launched the web3 game platform and entered the game sector. I believe that pancake will be used in this sector in the near future.

6. The team continues to destroy cake, adding more impetus to cake’s rise.

Follow Brother Bao and don’t get lost $CAKE

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