With TVL across most networks significantly down since the top of the bull market towards the end of 2021, the strongest platforms have retained a significant percentage of the market share. What is in store for the future, though?
PancakeSwap TVL
PancakeSwap has dominated the TVL for BNB Chain since its inception. After peaking at almost $8 billion in TVL, the DEX held steady at over $5 billion for the majority of 2021.
The bear market has been hard on many projects’ valuations, and as the market cap of these cryptocurrencies has declined, the TVL has declined with it as liquidity pools lose value.
A key point to make, however, is that even through the incredible drawdown of total BNB Smart Chain TVL, PancakeSwap even now maintains over half the entire chain of value, showing the immense trust that investors have in the platform.
CAKE Price Prediction
The outlook for CAKE is positive. Although analysts don’t expect CAKE to reclaim an all-time high in price, primarily due to the inflationary aspect of the PancakeSwap ecosystem that continues to mint tokens for providing liquidity, they expect renewed interest to push CAKE into the $21 price mark over the next 12 months. This, when combined with yields available on the PancakeSwap Exchange, is set to be a substantial profit.
Better BNB Smart Chain Performers
Perhaps a better pick on BNB Smart Chain would be a project that is newer and more appropriate to the current trends. DeFi had a significant run in 2021, and the DeFi narrative has faded recently, with looming regulation and a deeper understanding of inflation from the general public.
Those in the know will already be aware that the AI sector is starting a huge ascension to the top-performing tables.
Avorak AI
Avorak AI is one to look out for. Set to launch in the middle of this year; the project has already begun its first round of funding through an ICO. The important aspect of the AVRK token is how fully integrated into the entire Avorak ecosystem it is.
AVRK is set to be used as a credit to access the wide array of Avorak machine-learning products. In addition to this, the AVRK that is being paid to use the products will, in part, be routed back to AVRK holders. This creates a positive feedback loop in the system that rewards people for holding AVRK but promotes the use of Avorak products by giving back in the AVRK token. Having this form of passive income system for holders that is created from the revenue is groundbreaking, essentially a form of ‘live dividends’ but with a fungible system credit.
This project is already starting to make the rounds on Youtube. Analysts are predicting a likely market cap of $200 million by the year’s end. This represents over a 20x return for those that buy at launch but a significantly higher return for investors buying in the ICO.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
