PancakeSwap (CAKE) Coin Price Prediction – 2023, 2025, 2030
PancakeSwap (CAKE) Overview
|💱 Ticker Symbol||CAKE|
|💸 Market Cap||$532,640,973|
|🚀 Trading Volume||$70,499,422|
|📈 Price Change (24h)||1.61%|
|💰 Current Supply||234,021,374|
- Bullish PancakeSwap (CAKE) price predictions range between $10.24 and $19.35 by 2030.
- Market analysts believe CAKE could reach $7.97 by 2025.
- Bearish PancakeSwap market price prediction for 2023 is $1.82.
PancakeSwap (CAKE) Introduction
The Decentralized Finance (DeFi) Ecosystem is one of the highly driven sectors in the crypto space that has drawn the global population’s attention, mainly because of the high rate of development and low barrier of entry within the chain.
With the rapid advancement in the cryptocurrency space, more tokens are integrated to keep up with the market demand and growth. PancakeSwap has proven to be one of the formidable protocols as they present a functional and beginner-friendly mode of operation. This DeFi project is regarded as one of the best performing decentralized Exchanges and also the most convenient for on-chain bridging and yields. In this article, we discuss an overview of the Ecosystem, the ongoing Developments, and the trading potential of the asset in the coming years.
What is PancakeSwap (CAKE)?
PancakeSwap (CAKE) is a permission protocol that is also referred to as a Decentralized Exchange (DEX) launched on the Binance Smart Chain (BSC) that supports the farming and transactions of BEP-20 tokenized currencies. This protocol was created by anonymous developers in September 2020 and utilized its native token, CAKE, for on-chain transactions at a lower cost and higher speed. It is something compared to Sushiswap and Uniswap, except that they’re Ethereum based and more expensive.
The decentralized exchange utilizes Automated Market Maker (AMM) model, a computer programmer that eliminates the need for third parties in crypto transactions and provides the required Liquidity. This unique model allows the platform’s users to deposit their funds in exchange for tokens from the liquidity provider (LP) and this system of exchange has provided the solution to low Liquidity in the DeFi space.
Despite the focus on decentralization, PancakeSwap allows the token holders to offer healthy collective proposals on the platform for governance which is voted upon by other members, fostering a sense of community. The CAKE token has several deflationary features integrated into its function that ensure that the asset’s market value is maintained. About 10% of the currency is raised during the Initial Farming Offering (IFO), and the token lottery is constantly burnt, which aids in maintaining price stability.
Due to its versatility, the platform announced more than 3 million active users on their network with an estimated $6 billion stake as of April 2022.
PancakeSwap (CAKE) Fundamental Analysis
The team behind the creation of these platforms remains anonymous but this fact did not affect the continuous growth and adoption of the network. PancakeSwap works with the Binance Smart Chain for better scalability, but CAKE remains a decentralized token. This partnership with Binance Exchange has made the token accessible to a larger audience and helped increase the number of projects launched on the protocol.
The roadmap that the token is based on is highly detailed with innovative infrastructure that is continuously implemented by the development team. The roadmap features binary options, fixed-term staking, an extended lending and borrowing platform for LP tokens, NFT gaming and transactions, and many others.
PancakeSwap (CAKE) Burn Mechanism
The protocol integrated two burn mechanisms’ functions to enable better inflation control results. But the CAKE token is used as LP tokens are known as FLIP to claim shares in the protocol for farming CAKE and SYRUP. The Platform allows the users to continuously stake their LP tokens in exchange for CAKE. The categories of these token burning are;
- 20% of CAKE currency in the lottery pot is burnt in the lottery program
- 9.09% of the on-chain transaction fees are channeled to the protocol’s treasury, where it is quickly destroyed. This involves a lot of allocations as 0.2% of the Liquidity Provider’s fee that is charged during swaps is shared between the developing team and the LP, 0.03% and 0.17%, respectively. The team’s allocation is burnt daily.
- 50% of the funds raised during the PancakeSwap IFO (initial farm offering) is occasionally burnt, which implies that the bigger the rise, the bigger the amount of CAKE token that’ll be destroyed.
PancakeSwap (CAKE) Current Price
PancakeSwap is currently worth $2.28 USD. CAKE has moved 1.61% in the last 24 hours with a trading volume of $70,499,422. PancakeSwap is currently ranked 385 amongst all cryptocurrencies with a market capitalization of $532,640,973 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for PancakeSwap (CAKE) to decide wether it is going to have a bullish or bearish year.
PancakeSwap (CAKE) Price Prediction
Will CAKE make a new all-time high? We have researched for the best price predictions while drawing our own. Here we will present a detailed overview of the PancakeSwap price forecasts in the coming years.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time PancakeSwap (CAKE) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
PancakeSwap (CAKE) Price Prediction 2023
PancakeSwap, according to some, is one of the most amazing cryptocurrencies to rise this year (CAKE). The CAKE price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $3.41.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $3.19 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. CAKE is expected to have a minimum value of $2.73.
PancakeSwap (CAKE) Price Prediction 2024
In 2024, PancakeSwap CAKE price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of CAKE will soon surpass $5.69. However, we should wait to see if the CAKE’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, CAKE will trade with a minimum trading price of $4.55 and an average trading price of $5.01.
PancakeSwap (CAKE) Price Prediction 2025
If the upward trend continues until 2025, it could reach $7.97 and CAKE may profit. If the market experiences a decline, the goal may not be met. CAKE is expected to trade at an average price of $7.28 and a low of $6.83 in 2025.
PancakeSwap (CAKE) Price Prediction 2026
If PancakeSwap successfully boosts market sentiment among cryptocurrency enthusiasts, the CAKE coin price could remain stable for the next five years.
According to our projections, CAKE will be green in 2026. The CAKE is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $10.24, with a minimum price of $9.10 and an average price of $9.56.
PancakeSwap (CAKE) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the CAKE price is expected to cross an average price level of $11.84 by 2027, with a minimum price of $11.38 expected before the end of the year. Furthermore, CAKE has a maximum price value of $12.52.
PancakeSwap (CAKE) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $14.11. If CAKE manages to break the resistant level in 2028, we could see a maximum price of $14.79, failing to gather the support CAKE needs by 2028 could result in a low of $13.66.
PancakeSwap (CAKE) Price Prediction 2029
While CAKE is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $15.93 and a yearly price close above $17.07 in 2029.
PancakeSwap (CAKE) Price Prediction 2030
By 2030, PancakeSwap will finally surpass its previous ATH values and record new price levels. The minimum price could be $18.21 and potentially reach a maximum price value of $19.35, averaging out at $18.66.
PancakeSwap (CAKE) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum CAKE price in 2031 is projected to be $22.31 in the event of a bull run, with an average price level of $21.39.
PancakeSwap is an innovation that has changed the normal order of blockchain transactions in the ecosystem. Many speculations on the future price of these assets remain optimistic as the price is expected to climb steadily if more institutions adopt the use of the protocol and the value it provides. With these platforms’ robust financial protocol, the performance of the token in an investment portfolio would be well noticed in the long term.
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What is the PancakeSwap (CAKE) price today?
Today, PancakeSwap (CAKE) is trading at $2.28 with a total market capitalization of $532,640,973.
Is PancakeSwap a good investment?
PancakeSwap proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that CAKE is a good choice of investment.
How high can PancakeSwap go?
The average price of PancakeSwap (CAKE) can possibly reach $3.19 this year. Over the next 5 years, it is projected that PancakeSwap may surpass $14.79.
How much will PancakeSwap be worth in 5 years?
Based on the rising popularity of cryptocurrency and PancakeSwap, a long term investment in CAKE could see the price rise to $14.79 within the next 5 years.
How much will PancakeSwap be worth in 10 years?
If you invest in PancakeSwap today, as with any investment, a long term increase is expected. The price of CAKE could possibly rise to $28.91 within the next 10 years.
What will the PancakeSwap price be in 2024?
PancakeSwap (CAKE) price is expected to reach $5.69 by 2024.
What will the PancakeSwap price be in 2025?
PancakeSwap (CAKE) price is expected to reach $7.97 by 2025.
What will the PancakeSwap price be in 2026?
PancakeSwap (CAKE) price is expected to reach $10.24 by 2026.
What will the PancakeSwap price be in 2027?
PancakeSwap (CAKE) price is expected to reach $12.52 by 2027.
What will the PancakeSwap price be in 2028?
PancakeSwap (CAKE) price is expected to reach $14.79 by 2028.
What will the PancakeSwap price be in 2029?
PancakeSwap (CAKE) price is expected to reach $17.07 by 2029.
What will the PancakeSwap price be in 2030?
PancakeSwap (CAKE) price is expected to reach $19.35 by 2030.
What will the PancakeSwap price be in 2031?
PancakeSwap (CAKE) price is expected to reach $22.31 by 2031.