Bakeryswap has been one of the strongest platforms within the Binance Smart Chain, even some consider it the most representative, ahead of Pancakeswap. The Bake token has had a more than remarkable growth since its inception. I remember when in January it was hovering around 2 cents on the dollar and few people bet on it. Even myself, who bought it when it was at 0.57 because I did not trust the project.
Recently, the Bake token and the Bakeryswap.org platform are breaking records. Not only has the liquidity of the platform increased, but the token has risen more than 150% in the last 48 hours.
Unlike the Cake token, Bake is a deflationary token, the supply is limited and therefore does not depend on constant burnings to stabilize the price of the token. There will come a time when the demand is higher than the supply. This explains why so few Bakes are generated per block, approximately 4,2. Many other platforms senselessly distribute hundreds of tokens that are constantly devaluing in price, forcing them to frequently perform token burning. If there are many tokens the APYs are usually higher, when the tokens are deflationary the APYs are usually low.
The Bake token has also been infected by Cake and its adoption of the NFT market. From Bakeryswap we can buy a large number of NFTs and sell them for Bake.
The projection is still fuzzy, although knowing the nature of the token and the great development team behind Bakeryswap, it is very likely that the Bake token can continue to rise progressively. Up to Cake levels I don't know, but who knows.
I let you a video talking about Bake, in Spanish.
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