It reappears on market trends - among the first for Gain, $ BAKE - another pledge of an ecosystem of exchange, which we have already spoken about several times on the pages of our site and which we have always considered to be one of the most interesting of this particular DeFi niche.
Significant growth but based on relatively few fundamentals, while the counterparties operating on Ethereum on the other hand, they struggle relatively - or in any case stay in line with the rest of the sector, while $ BAKE shows growth above the 20%.
Cryptocurrency that can be found on Binance (go here to open a free account), an intermediary always very attentive to the news and which could not fail to be with a protocol which turns in its ecosystem.
Inside Binance we also find some of the tools of TradingView, as part of the fast internal exchange and with very low commissions.
We're finally talking about bakery again
A protocol that we had first explained and told in Italy, some or almost that it would have seen better times and that it would have recorded some growth, despite the sector occupied by sacred big-cap monsters like Uniswap, which however operates in an ecosystem linked to Ethereum.
The bakery has always tried to do things differently, being part of a system of SMA and then from automatic exchange - other types of services. Of gamification until the market of TVN, also passing through the Launching ramp and for an articulated system of reward for those who block their liquidity. A set of services that has gradually grown and which, today, even in a modest way, is beginning to attract many investors.
Bull races like this are not uncommon for $ BAKE
Or rather, it was only a few weeks ago, with the token which has always been decidedly volatile, with bull and bear who have always fought steadfastly, causing swing important price points.
Although being a cryptocurrency with very large trading volumes also for practical uses, it remains relatively easy for self-powered races to trigger - races which can lead to rapid price changes like the one that occurred during the last 24 hours.
All within a medium and long term bullish framework for Bakery token, this is why we have included it for some time - when very few knew it yet - in ours crypto investment wallet. A choice that has borne fruit but which, according to our analysts, could bring better results in the medium and long term.
Watch out for the next few hours: volatility suited to super traders
In the next few hours, after such growth, we can expect increased volatility and therefore greater price variations, both upward and downward. All this while savvy investors will stand by the window, also watching what he is doing. Bitcoin, although the correlation with $ CAKE has always been poor.
The project exists and we see no reason why it should be worth less than similar projects like $ SUSHIS. In our opinion, for those who can handle the roller coaster in the short term, a project to always keep under observation, as well as a good alternative for diversification.