Ahmadreza R.
Ahmadreza R.
Nov 12, 2021

Is BakerySwap (BAKE) A Good Investment In 2022?

tl;drBakerySwap is a decentralized automated market-making (AMM) protocol that works on the Binance Smart Chain (BSC). It provides a faster confirmation time and cheaper fees than Ethereum. Financially, BAKE surprised its investors with a 19,377% Return On Investment (ROI) over the last year. Also, its liquidity score is above the cryptocurrency market's average score. However, BakerySwap's market cap saw a declining trend over the last five months. Talking about popularity, BAKE saw different trends in Twitter and Telegram.
Is BakerySwap (BAKE) A Good Investment In 2022?
Is BakerySwap (BAKE) A Good Investment In 2022?
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INTRODUCTION

BakerySwap is a decentralized automated market-making (AMM) protocol. It is developed based on the Binance Smart Chain (BSC). BakerySwap's native BEP-20 token is called the BAKE token that is used to govern the platform.

By providing liquidity to the platform, users can earn the BAKE token that is required for the platform's management. In other words, liquidity providers are rewarded with BAKE tokens that can be used to participate in voting as part of Bakery Swap's governance process and to earn a share of BakerySwap's trading fees.

HOW DOES Bakeryswap (bake) WORK

BakerySwap is the NFT project plus AMM in the Binance Smart Chain. BAKE, as the native token of the platform, can be used in order to create a food meal. This is a fancy term for an NFT which can be utilized to re-breed BAKE. Each meal has a different stake multiplier and earns proportional awards. Moreover, it can be traded in for another NFTs and burned to get BAKE.

Artists can turn their artwork into NFTs and sell them during the coinage process in the NFT supermarket of BakerySwap. BAKE tokens are used to buy artwork in the supermarket. 

In the BakerySwap protocol, liquidity pools are used instead of order books to execute swaps. Similar to Uniswap, participants receive Liquidity Pool (LP) tokens and can redeem them for the assets and fees delivered during the liquidation, which corresponds to their share of the pool collected from the assets. Recently, the first DEX offering (IDO) was introduced that can use to raise capital. BakerySwap takes 0.30% of all swaps and trades as a fee. 0.25% of this is allocated to liquidity providers. BakerySwap claims ten times the rewards compared to other pools in the BAKE-BNB pool.

FINANCIAL ANALYSIS

BakerySwap's investors are among the happiest people in the world! BAKE provided its investors with a 19,377% Return On Investment (ROI) over the last year, which is almost 10x compared to its similar projects' average ROI! In spite of this amazing number, BAKE underperformed in comparison with the cryptocurrency market's top 1500 projects that saw an average ROI of 33,634% over the last year.

BakeySwap's Recent Stats

BAKE's price followed a bell-shaped trend over the five months, peaking at $3.15 on August 15, 2021, reaching the current price of $2.08. A good point about BAKE is that its liquidity score is 56% above the cryptocurrency market's average score, making it easy to sell if the market is falling.

Market cap is another critical financial factor to be analyzed. Our data show an overall declining trend in BakerySwap's market cap rank over the last five months. Starting from the rank of 122 on June 17, 2021, BAKE saw a constant decline in its rank, reaching 217 when writing this post.

How About Popularity?

BakerySwap saw opposite trends in different social media during the last five months. Although BAKE's popularity in Twitter increased by 19%, its Telegram channel saw a decrease of 29% over the same time frame.

YOU ARE SAYING THAT bakeryswap IS THE BEST CRYPTOCURRENCY TO INVEST IN?

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