This analysis focuses on several critical aspects of investing in $CAKE, a DEX token issued by Binance on Binance Smart Chain (BSC). The author prefers to invest in blue-chip coins over meme coins, and after comparing various aspects, he chose to buy $CAKE.
One aspect highlighted is Binance's strong push to develop DEX, which could be a huge benefit for Cake tokens. However, despite this, the token price hasn't shown significant response, which the author finds puzzling.
Another aspect discussed is the burn mechanism, which has been upgraded with Binance taking back more control. This is in contrast to the previous community DAO.
The analysis also mentions that there would be no need for 3-week K to continuously release massive volume if it wasn't for the intention to vigorously develop DEX.
The weekly level triangle oscillation is nearing its end, and if it chooses to break upwards, the increase will be quite considerable.
Moreover, Explosive profits and TVL in tens of billions are highlighted, with Uni's TVL at over 30 billion currently corresponding to the 600 million market cap seems a bit unreasonable.
Overall, the analysis ranks it in the top 3 in performance within the same field, but it has the lowest market cap, 10 times lower than Uni, leading to severe undervaluation.
The author hopes that after Binance regains control, they can vigorously develop it, which will reflect in the token price.
Finally, the author has swapped all his BSC meme coins to CAKE, and even if BSC has a market later, CAKE will not be absent.
