Pancakeswap lowers Emissions by 10%
One of the few things I seem to maybe be right about is that Pancakeswap should be eventual winner. It provides a service that costs money and then it uses the money it charges to reward its investors who make that service avaialbe. At this time the service of providing liquidity and staking is very valuable. In the future, it will keep going down and down as the landscape becomes less competitive.
Considering Cake is made out of thin air, it is incredible that it continues to have value. I think the main reason it has value is that it is supported by Binance. Although not necessarily centralized, the Binance Chain environment has a team involved with Binance working on it.