Today, the price of CAKE has soared, not only because of the launch of IFO, but also thanks to the latest data released by the chef of CAKE: it has 41.7 million users, a TVL of an astonishing $1.58 billion, and a total transaction volume of $82.8 million. Coupled with the upcoming V4 upgrade, the market's confidence in CAKE has doubled.
The following is a personal speculation, not an investment suggestion. CAKE has fallen for three consecutive years since its launch, and the current Bitcoin production reduction, US interest rate cuts, and the US election have brought new vitality to the currency circle. CAKE seems to have ushered in a super rebound.
I am a blockchain leek from 2017, and I like to seek relatively safe arbitrage opportunities in CEX and DEX. Welcome to follow and communicate with coin friends!
