People used to begin transactions themselves before the advent of digital order books. As there was the possibility of market manipulation, this resulted in human errors and manipulation. Then came the automated system, which reduced human-related concerns. When blockchain was first introduced, developers began integrating AMM technology into the blockchain network. Liquidity pools are accessible in AMM, and they include both assets on a trading pair. Other platform users supply liquidity, and in exchange, they receive rewards based on the quantity they provide and the network they use. BakerySwap (BAKE) is a DEX (decentralized exchange) that has implemented AMM.
BakerySwap is a DEX that works with AMM. It is built on the Binance Smart Chain platform. Users can utilize BakerySwap to provide liquidity to various trading pairings in pools. Users that give more liquidity receive a higher reward based on the amount they have provided.
What are Decentralized Autonomous Organizations (DAO)
DAOs are open-source networks managed by computer programs created by some of their members without the intervention of central leadership. They are entirely run by their members, and there is no single leader. DAO is exemplified by BakerySwap (BAKE).
The Native Token – BakerySwap (BAKE)
Bake token is the native token of the BakerySwap ecosystem. The holders can vote on governance and get transaction fees, which is the major benefit of the token.
Bake is currently priced at $1.20, representing a 3 percent increase over the previous month’s pricing and a 13 percent increase overall. The volume has increased by 48% in the last 24 hours. Bake’s ATH was created in the month of May 2021, with a price of $8.487. Bake’s lowest price ever was $0.998 in December 2021. BAKE is listed on a coin market cap on the 200th spot and has a market dominance of about 0.01%.
Price Prediction – BakerySwap (BAKE)
Bakery has a bright future ahead of it in the long run. Once the market rebounds from its present trend, traders expect the price to soar and break its All-Time High. According to Walletinvestor BakerySwap (BAKE) is a really good investment and soon people who take entries would be in profit. According to them, the price is expected to reach a value of $1.970 in one year. In five years the price of BAKE is expected to reach around $5.324.
