Cake is currently undervalued compared to its potential.
I still remember 2021 when CAKE reached an ATH of nearly $45 with a strong surge during that uptrend.
So after 4 years, what has Cake achieved, and is a valuation of $1B really appropriate for CAKE?
The transaction fees on Pancakeswap in the last 30 days exceeded $447 million, only behind Tether.
The revenue in the last 30 days is over $100 million.
Supported by Binance, it has pulled in huge volume from Binance Alpha.
The daily trading volume on DEX exceeds $6 billion.
When compared to Uniswap, the top DEX on Ethereum and Layer 2, $CAKE is actually performing much better.
From the trading volume and revenue, it is very likely that CAKE will be pushed strongly in the near future.
A projected target of $10 - $20 soon is not difficult for CAKE.
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