Thursday, February 22, 2024

PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Smash The $10 Mark This Year?

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CAKE Price Prediction

The ever-evolving crypto space is home to a host of promising and competent projects. One such project is Pancake Swap, which boasts its native token “CAKE”. The DeFi token has been one of the exemplary cryptocurrencies in the DeFi space. Investors and holders have been waiting for a run of DeFi tokens, which could kickstart a vertical price run on the market charts.

Are you one of the many investors, who have been waiting for a bullish move by CAKE? Buckle up your belts, as this write-up covers the feasible PancakeSwap price predictions for 2023 and the years to come!

Pancakeswap Overview

Cryptocurrency PancakeSwap
Token CAKE
Price $ 4.0060
Market cap $ 0.0000
Circulating Supply 0.0000
Trading Volume  $ 0.0000
All-Time High $ 0.0000 Jan 1, 1970
All-Time Low $ 0.0000 Jan 1, 1970
PancakeSwap Price Prediction, CAKE price prediction, PancakeSwap price, CAKE price
CAKE Price Prediction 2023 – 2030

PancakeSwap price prediction for 2023 could range from $3.012 to $6.875 for the year.

What Is PancakeSwap (CAKE)? 

PancakeSwap is a blockchain-powered platform built to renovate the supply chain. The network is a decentralized cryptocurrency exchange erected on Binance Smart Chain for swapping BEP-20 tokens. PancakeSwap was created by a team of anonymous developers.

It uses an automated market maker and decentralized applications that users trade against a liquidity pool. The digital currency also allows users to farm additional tokens such as CAKE. And SYRUP where users can stake, lend and earn rewards.  

PancakeSwap Price Prediction, CAKE price prediction, PancakeSwap price, CAKE price
PancakeSwap Market Analysis

PancakeSwap Token Price Prediction 2023

Elements like NFT market phase 1, mobile-first UI overhaul, Farm auctions, Info and Analytics V2. And Lottery V2 iteration would evolve as a better option for traders. Wherefore, CAKE has enormous potential to claim newer heights. 

With fastened development in UI/UX upgrades to the NFT market and introduction of IFOs, Pools + farms, and Farm auctions. The CAKE price would chug up for new milestones in 2023.  The protocol would hit a maximum of $6.875 by the year’s end. That said, the average and minimum possibilities are expected at $4.927 and $3.012. 

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2023 3.012 4.927 6.875

CAKE Coin Price Prediction 2024

If the crew behind the DeFi project employs community-building initiatives and welcomes imperative collaborations and adoptions. The price of CAKE could take ascend to a maximum of $11.742 by the annual closure of 2024.

Contrastingly, the diminishing dominance of Defi’s could hinder its projection to the minimum of $6.587. Successively, the average price might settle at $9.074. 

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 6.587 9.074 11.742

PancakeSwap Price Prediction 2025

If it is able to provide complete integration of the NFT-based platform with the actual business world. It would be easier for companies to use NFTs. By the next three years, Pancakeswap might reach a maximum of $17.214. 

On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $9.217 rises. Concluding, the lack of impetus might land the price at $13.315. 

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2025 9.217 13.315 17.214

CAKE Price Prediction For 2026 – 2030

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2026 12.136 17.214 22.428
2027 16.274 22.515 28.026
2028 19.183 26.432 33.635
2029 22.645 30.062 37.317
2030 26.224 35.421 44.659

PancakeSwap Forecast 2026: According to our analysts, CAKE coin price prediction for the year 2026 could range between $12.136 to $22.428 and the average price of PancakeSwap could be around $17.214.

CAKE price prediction 2027: According to our analysts, PancakeSwap price for the year 2027 could range between $16.274 to $28.026 and the average price of CAKE could be around $22.515.

PancakeSwap Prediction 2028: According to our analysts, CAKE’s prediction for the year 2028 could range between $19.183 to $33.635 and the average PancakeSwap coin price could be around $26.432.

CAKE coin price prediction 2029: According to our analysts, PancakeSwap’s forecast for the year 2029 could range between $22.645 to $37.317 and the average CAKE coin price could be around $30.062.

PancakeSwap price prediction 2030: According to our analysts, CAKE predictions for the year 2030 could range between $26.224 to $44.659 and the average PancakeSwap price could be around $35.421.

CoinPedia’s PancakeSwap (CAKE) Price Prediction

According to CoinPedia’s formulated PancakeSwap price prediction. It may concentrate on introducing more trading features and attracting investors.

Wherefore, by the end of 2023, CAKE might trade at a higher value of $6.875. On the flip side, bearish trends could clutch the price down to $3.012

Market Analysis

Firm Name 2023 2024 2025
Wallet Investor $0.369 $0.361 $0.248
DigitalCoinPrice $6.08 $7.87 $11.11
Trading Beasts $4.47 $6.43 $7.85

*The aforementioned targets are the average targets set by the respective firms.

PancakeSwap Price Prediction, CAKE price prediction, PancakeSwap price, CAKE price
PancakeSwap Exchange Rate

Company Details

PancakeSwap is a decentralized exchange that enables users to trade, earn, and win crypto on the leading decentralized platform across the globe. The platform allows users to swap their coins for other coins without the need for intermediary services. PancakeSwap was founded in 2020, with Henry Cavill as the CEO,  and is based in Unoshima, Japan.
 
In less than a year, PancakeSwap has become by far the dominant DEX on Binance Smart Chain, even surpassing Binance’s own Binance DEX, which can only be considered a rapid growth and adoption. The platform leverages a number of its unique properties to offer an excellent trading experience to the users. 
 
A native utility token of PancakeSwap, CAKE, is utilized for a category of purposes within the evolving landscape, with the main functions including yield farming, staking, taking part in the PancakeSwap Lottery, and voting on governance proposals via the platform’s community governance portal. The platform also offers an NFT Marketplace to buy and sell NFTs on the BNB smart chain, where users can list their NFT collection on the market.

Fundamental Analysis

Earlier to the launch of the platform PancakeSwap, AMM  and farms were introduced in September 2020. Pancakeswap v2 aims to facilitate certain functions, like adding buy-back and burn mechanics to trading fees, customizable CAKE, and auto-compounding. 

Presently, Pancakeswap is engaged in undertaking UI/UX upgrades to the NFT market. Also making groundwork for regular NFT drops and regular 1FOs, pools+farms, and Farm Auctions. 

There are certain approaching projects such as NFT market phase 2 to buy and sell third-party BSC NFTs. Plans to add charts on trading sites, and introduce simple liquidity (ZAP) contracts. 

Historical Market Sentiments 2018 – 2021

  • PancakeSwap (CAKE) was first listed on cryptocurrency exchange for $0.3492 in late July 2018. Due to increased volatility in the market, the price fell down to $0.06 by August. The coin experienced an immediate shoot-up in its price to $0.198 per trade but quickly deviated aimed recession. 
  • By the last trading month of the year the price had dropped as low as $0.0033 per buy. PancakeSwap recorded a trade closing price of $0.0040 that year.
  • For a brief period of 3 months, the price of CAKE was stuck in the $0.0036 – $0.005 range. It broke out of the range and grew to $0.0079 in March 2019. As the bearish trend appeared the value of the coin was pulled down to $0.0056 by April. The graphs started to stabilize and the coin reached a value of $0.0098 per trade.  
  • As the rollercoaster ride began the value of crypto quickly dropped to $0.0028 by the end of October 2019 but recovered to $0.008 in November. With continuous fluctuations in the market, the closing trade price of the crypto was $0.0056 per trade.
  • The year started off well as there was a constant rise in the graph, by February the price had reached at $0.0082 per share. On March 13th 2020 CAKE  recorded its all-time low at $0.0016, the value continued to decline till November-end as the bears held the market.
  • By 11 June, almost X6 time jump was seen in the value of this crypto. Bringing the price to $0.0082, but this was only the beginning as the value skyrocketed to $0.022 in July. 
  • As bears held the market, PancakeSwap’s price continued to decline until November-end. CAKE continued to trade at $0.015 by early December and managed to reach a closing trade price of $0.019 by the end of 2020.
  • The year started off promising as it and its charts were rising constantly. On 22nd January 2021 the bullish trend appeared on the chart, by 20th February the coin recorded a new ATH of $18.92. The run had only begun as the value of crypto skyrocketed to $44.23 by 30th April. 
  • Due to the Chinese market crash on May 19th 2021, the price of the coin shattered to $12.72 per trade. This cut the value of the coin by 2.5 times its original value. The partnership with ReSea helped rally the price to $26.13 by 28th August 2021. 
  • There were many fluctuations in the graph for the rest of the year. The crypto recorded a closing trade price of $12.03 for that year.

FAQs

How High Will Pancakeswap Price Go in 2023?

The price of PancakeSwap can go as high as $6.875 by the end of 2023.

Is CAKE crypto a good investment?

Yes, the CAKE token might be a profitable investment for the long term.

What will the maximum trading price of CAKE be by the end of 2025?

According to our PancakeSwap price prediction for 2025, the altcoin could hit a maximum of $17.214. With a potential surge the price may go as high as $44.659 by the end of 2030.

When will the CAKE price rise?

The altcoin has been ranging in tandem with the broader market’s trends. It will need vital catalysts to break above its sluggish pace. 

How to buy PancakeSwap?

Users can trade CAKE tokens in Binance, CoinTiger, HitBTC, KuCoin, and more. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Smash The $10 Mark This Year?

The past year has seen a surge of interest in alternative cryptocurrencies (altcoins) as investors seek attractive returns from these digital assets. One of the altcoins that has attracted the attention of investors is PancakeSwap (CAKE), which is a decentralized finance (DeFi) token powering the PancakeSwap decentralized exchange (DEX). In the past 12 months, the price of CAKE has rallied significantly, creating an opportunity for investors to reap potential profits.

Naturally, investors want to know whether the bullish trend can continue and whether CAKE has the potential to reach the $10 mark that would send the token to a new all-time high. To answer this clue, we need to take a look at the fundamentals of CAKE and the recent price action.

In terms of fundamentals, CAKE has much going for it. For one thing, the platform is one of the most trusted platforms in the DeFi space, providing users with robust security and decentralized services. This trust is reflected in the growth of the token’s user base, which has seen significant growth in recent weeks. As the user base of the platform continues to grow, this could be a key factor in driving the price of CAKE higher.

In addition, the token has seen a flurry of activities in recent weeks, with a variety of new projects, protocols, and products being adopted. This could help to boost the token’s liquidity and market demand and help to prop the price of CAKE. Furthermore, the number of projects using the token continue to increase, adding to CAKE’s popularity, utility and other related metrics.

Taking all of this into account, we believe that CAKE has all the necessary fundamentals to reach the $10 mark this year. Although it is difficult to accurately predict the exact price of CAKE for the next few years, we can confidently say that the price of the token is likely to remain bullish in the short to medium term.

Looking further out beyond 2022, PancakeSwap is likely to remain one of the more promising DeFi projects. Since the project has a number of advantages and a loyal user base, we expect the token to remain attractive to investors. As such, we believe it is reasonable to expect that CAKE could reach the $10 mark in the medium term, such as by 2023-2025.

Overall, we can say that PancakeSwap’s token CAKE has a strong potential to reach the $10 mark in the near future. With its strong fundamentals, increasing utility, and user base, the token looks set to become one of the leading contenders in the altcoin space.

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