Analyst Erhan Ünal, who is popular in the Turkish crypto money market, shared his latest altcoin project to his 424 thousand Twitter followers and explained the reasons. For details Cryptocoin. com continue reading.
What are the target levels for the altcoin project the analyst took?
Experienced analyst Erhan Ünal shared that he bought the altcoin project PancakeSwap (CAKE) and stated that CAKE’s staking return on PancakeSwap is 64.4% annually. PancakeSwap is a decentralized cryptocurrency exchange (DEX) built on the Binance Smart Chain (BSC), powered by the BEP-20 Pancake token (CAKE). The CAKE token is one of the few tokens used in the PancakeSwap protocol that has been made available for token swaps.
According to the analyst, the altcoin price has dropped to reasonable levels with the recent drops. The analyst states that he bought it at a cost of $10.8 as its price reached the most major support zone and the return on stake was satisfactory during this time. At the time of writing, the altcoin price was trading at $11.25, gaining 2.76% in the last 24 hours, according to CoinMarketCap data. Erhan Ünal states that he will continue to carry his investment for the next 3-4 months and gives the price target levels of $ 17.35 and $ 26.45, despite the support zones of $ 10.10 – $ 9.50.