The Binance Smart Chain bakery is running at 1000%. The candy lovers who invested in this project will be experiencing emotional ecstasy right now. Not even Fluoxetine can match this feeling.
Both Cake and Bake have risen dramatically in price in recent hours. The Pancakeswap Exchange has outperformed Uniswap even in transaction volume. Number 1 on DeFi platforms, undisputed winner. The high fees of the Ethereum blockchain have repelled the latest flocks of investors who have recently joined the BSC. People do not want to pay so much gasoline, it is very expensive. Ethereum will have to put the batteries.
These price increases, of course, have decreased the percentages of the pools and Farms that both Pancakeswap and Bakeryswap have. It's hard enough to maintain a 300% APY. The normal thing is that it is close to 100% and it will decrease if the tokens continue to rise in value.
I think the Bakeryswap token has benefited from the success of the Cake token. Currently, from my point of view, they are the safest and most reliable at the moment, I do not know until when.
In part I feel a little scared, because this flood of investors and users can cause an explosion or a collapse of the network. Hopefully not. The Pancakeswap team and Binance itself are doing an excellent job. This same morning they have updated all their servers and have debugged all the APIs that sent requests to them.
It is also worth mentioning the partners who decide to bet on Pancakeswap and Bakeryswap, there are tokens with a lot of potential that can also help us earn money. We just have to be attentive to the market and its social networks. We live in the world of information. If you are informed, you are prepared.