was over 5% down from last week and was trading at $4.70 with a market capitalization of over $673 million. Interestingly, a look into CAKE’s metrics revealed that several of them were not working in its favor. Each of these might have restricted the altcoin’s northbound movement.’s price struggled to climb the ladder, its development activity also fell considerably over the last week. This is a negative signal as it reflects less effort by the developers in improving the network.
CAKE’s volume also followed a similar route and registered a decline over the week. Even so, CAKE’s social dominance skyrocketed over the last two days, which corresponded to its popularity as it was trending on CoinMarketCap.Subscribe to get it daily in your inbox.