I have always been a preacher of the CAKE coin and its growth has been a long over due one. I being a super fan of the DeFi token which was launched on the Binance smart chain network has continued to set tongues wailing due to its growth. It was launched with a value worth less than 1 cent but his value is currently around the $2 mark as the price crashed when it attained an over $2.7 in value.
Earlier on the 1st of febuary shortly after its collaboration with Elrond in which one could now stake CAKE and earn Elrond coin, the CAKE token price skyrocketed and break I to the 100 must valuable token the coinmarketcap and coingecko website respectively.
At the moment of writing, the CAKE token has slipped out of the top 100 due to the people FOMO. People wants to take profit from a coin that has hit what they presumed has gotten to its all time high. Well the coin is just beginning to grow as lots of other interesting and excite project are coming up in fees days time.
Although CAKE appears to be my best DeFi coins, the fall is good as more people will buy and own and stake in other earn more reward. The fall also will help differentiate between the real investors and the pretenders also.
While CAKE Value falls, people continues to buy and they won't sell as they are more concerned with staking for the benefits of earning other Coins.
Not a financial advise but buy CAKE now at $2.36