- PancakeSwap price can go as high as $3.437 by the end of 2023.
- CAKE with a potential surge could go as high as $22.329 by the end of 2030.
- The current price of one CAKE token is $ 1.50784585.
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!
|Price||$ 1.50784585 -0.24%|
|Market cap||$ 318,956,572.1137|
|Trading Volume||$ 15,901,980.3214|
|24 High||$ 1.5180|
|24 Low||$ 1.4930|
PancakeSwap Live Price Chart
Notably, over the past 24 hours, CAKE witnessed a -0.24% change, hitting a peak of $ 1.5180 and a low of $ 1.4930.
CAKE Technical Analysis
- Pancakeswap price faced a pullback after failing to hold the lower support level.
- The price aims to rebound from the lower support, aiming to enter the pattern as bullish volume has accumulated to a large extent.
- The RSI is rising which may lift the price, a decent upswing may be triggered depending on the market conditions.
- Therefore, the CAKE price is believed to trade under bullish influence despite the bearish actions and hence could test the upper resistance at above $1.940 very soon.
CAKE Token Price Prediction 2023 Q3
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 this the price of PancakeSwap could go as high as $2.59 with a possible low of $0.964. This would give us an average of $1.77.
PancakeSwap Token Price Prediction 2023 Q4
With fastened development in UI/UX upgrades to the NFT market and introduction of IFOs, Pools + farms, Farm auctions, and the upcoming upgrade on the V3 swap. The CAKE price would chug up for new milestones in 2023.
The protocol would hit a maximum of $3.437 by the year’s end. That said, the average and minimum possibilities are expected at $2.471 and $1.506.
PancakeSwap Price Prediction 2023 – 2030
PancakeSwap price for 2023 could range from $1.506 to $3.437.
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 $5.871 by the annual closure of 2024.
Contrastingly, the diminishing dominance of Defi’s could hinder its projection to the minimum of $3.293. Successively, the average price might settle at $4.582.
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 $8.607.
On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $4.608 rises. Concluding, the lack of impetus might land the price at $6.607.
CAKE Price Prediction 2026
According to our analysts, CAKE coin price prediction for the year 2026 could range between $6.068 to $11.214 and the average price of PancakeSwap could be around $8.641.
PancakeSwap Price Prediction 2027
According to our analysts, PancakeSwap price for the year 2027 could range between $8.137 to $14.013 and the average price of CAKE could be around $11.075.
CAKE Price Prediction 2028
According to our analysts, CAKE’s prediction for the year 2028 could range between $9.591 to $16.817 and the average PancakeSwap coin price could be around $13.204.
CAKE Crypto Price Prediction 2029
According to our analysts, PancakeSwap’s forecast for the year 2029 could range between $11.322 to $18.658 and the average CAKE coin price could be around $14.990.
PancakeSwap Price Prediction 2030
According to our analysts, CAKE predictions for the year 2030 could range between $13.112 to $22.329 and the average PancakeSwap price could be around $17.720.
*The aforementioned targets are the average targets set by the respective firms.
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.
Factors Affecting The Price Of PancakeSwap
- Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.
- Updates: Upcoming V3 swap and liquidity upgrade could play a significant role in the price of CAKE this year.
- Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
- Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
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.
Historical Market Sentiments 2018 – 2022
- 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.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
The price of PancakeSwap can go as high as $6.875 by the end of 2023.
Yes, the CAKE token might be a profitable investment for the long term.
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.
The altcoin has been ranging in tandem with the broader market’s trends. It will need vital catalysts to break above its sluggish pace.
Users can trade CAKE tokens in Binance, CoinTiger, HitBTC, KuCoin, and more.
At the time of publishing, the price of 1 CAKE was $1.51.