CAKE hits $2 dollars to mark new all time highs

11 hours ago, CAKE hits an all-time high as it hits $2.04 in the early hours of today. The coin which has continued to break numerous records since its creation over four months ago sets tongues wailing with his new achievements.

At the time of writing the CAKE, coins are currently worth $1.92 having dropped from theirs an all-time high record of $2.04. The fall could be attributed to FOMO which has gripped investors as the all-time highs were achieved.

Although, the Coin is destined for greater things as it was just $0.194441 as of November 3rd, 2020. The growth has been massive but it was expected as the CAKE coins have been in partnership with lots of other projects. These collaborations have not only given the CAKE token a needed exposure but have helped drive more investors to the project.

The key mechanism used by CAKE to achieve its current price level is through the mouth-watering APR gotten from staking it across all its project.

Staking of the CAKE token to get other tokens had been rewarding and the number of people which this had helped drive to the project is amazing.

Aside from the Staking and earning pool, another pool that exists is the liquidity pool and this is even more Impressive than the staking pool. You get to earn CAKE from providing liquidity of tokens such as BnB, bus, and a whole host of other COIN.

Also, lotteries and games have been one technique that has helped boost engagement within the community and has further provided more use cases for the CAKE coins.

With all this been said, the continuous weekly burning of the CAKE coin has been an instrument in the price skyrocketing. With numerous use cases already in place, the Cake Burn makes it even scares to have thereby increasing value for the limited scarce resources left.

Now is the time to buy CAKE, do well and invest today.

Posted Using LeoFinance ^Beta