Price Prediction

PancakeSwap Price Prediction: Will CAKE Price Rise or Crash?

Written by: Elena R

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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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Jan 6, 2021

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The evolving crypto market is presenting some of the most promising cryptocurrency projects and Pancakeswap is one of them. Moreover, the native token CAKE has blossomed in the crypto space and also materialized as one of the exemplary & advantageous investment offsets. 

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But what can we envision from Pancakeswap in the future?  Will the Pancakeswap price swell or decline in 5 years?

These are the basic questions any merchant wants to know. Consequently, in this article, an illustration of Pancakeswap and its future prospects in terms of fundamental growth and price surge is coated. Hence, this segment of composition may oblige you in decision-making as to how best you can allot CAKE in your portfolio.

Overview

CryptocurrencyPancakeSwap
TokenCAKE
Price$ 7.4000
Market cap$ 1,935,601,131.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All time high$ 43.9600     April 30, 2021
All time low$ 0.1944     November 3, 2020

What is Pancakeswap (CAKE)? 

Pancakeswap (CAKE) is a blockchain-powered platform built to renovate the supply chain PancakeSwap is a decentralized cryptocurrency exchange erected on Binance Smart Chain for swapping BEP-20 tokens.

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.  

Fundamental Analysis:

Earlier to the launch of the platform Pancakeswap AMM  and farms were introduced in September 2020. Further, 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 occupied in undertaking UI/UX upgrades to the NFT market. Also making groundwork for regular NFT drops and regular 1FOs, pools+farms, 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 site, and introduce simple liquidity (ZAP) contract. 

CAKE Price Prediction 2022:

The altcoin sailed within the range bound scale between $11 and $12 with no notable price action from the dawn of Q1 2022. Whilst the RSI factor is gradually bearing a bullish divergence, the CAKE price would break out from the base of $11.97. In the case of intensely bullish cases, the altcoin would drive up to $20.25 in Q1. On the contrary, with moderate buy and sell pressures, Pancakeswap’s price concludes up trading at $10.56. 

If the platform fastens up itself in bringing the upgrades such as NFT marketplace phase 2 to enable buy and sell third-party BSC NFTs. Then, the asset would claim a value well above $25 with substantial strength. Provided if it successfully executes all the planned projects. The average and minimum possibilities are being $13.5 and $20.24. 

Pancakeswap (CAKE) Price Prediction 2023:

With fastened development in UI/UX upgrades to the NFT market and introducing IFOs, pools+farms, Farm auctions then CAKE price would chug up for new milestones in 2023.  The protocol would hit a maximum of $38.68 by the year’s end. The average and minimum possibilities are being $30.56 and $22.67. 

CAKE Price Prediction For Next Five Years:

NFT market phase 1, mobile-first UI overhaul, Farm auctions, Info and Analytics V2, and Lottery V2 iteration evolves as a better option of traders then CAKE has enormous potential to claim newer heights. 

If it is able to provide complete integration of the theNFT-based platform with the actual business world, it would be easier for the companies to use the NFTs. By 2025, Pancakeswap might reach $50. On the contrary, if the bear market flips the uptrend, then the possibility of the price plunging to as low as $32 to $35 rises.

Pancakeswap Market Prediction:

Tradingbeasts:

Tradingbeasts made a bullish prediction for Pancakeswap. They expect up to three-digit growth prices in the upcoming years. For the year 2022, they predict that the Pancakeswap price may reach a maximum of $17.043. The average and minimum possibilities are being $13.643 and $11.589. They hope that the coin price might hit a maximum of $34.045 by the end of 2025.

Digitalcoinprice:

A crypto prediction website has reupdated its price prediction for CAKE, they forecast that the price is expected to close its trading at $15.72 by 2022. In 2023-2024, an average price close to $19.13 to $21.86 is predicted. 

Walletinvestor:

The platform revised its forecast, they expect the Pancakeswap price is going to reach a decent price level of $35.866 by the end of 2022. The website predicts that the CAKE price will hover at an average price of $26.528 in the same year. According to their forecasts, the altcoin could soar to a maximum of $80.724 and would flip to a minimum of $60.34 by 2025. 

Gov.Capital:

According to Gov.Capital, a popular economy forecast agency, the CAKE price will hit the $55.258 average price level by the end of 2022. The website has made an extremely bullish prediction, they expect that the price will boom up to $63.647 by the end of 2022. They forecast that the Pancakeswap price will stumble and try to consolidate around $148.730 by the end of 2023, and will hit a maximum of $504.73 by the end of 2025.

Our Pancakeswap (CAKE) Predictions:

According to Coinpedia’s formulated Pancakeswap price prediction. On a bullish note, the currency may commence in 2022 with an upward trajectory and would reach a new all-time high by mid of year.

However, PancakeSwap might compete with other decentralized exchanges and its price might accumulate as it is built on the most trusted crypto exchange Binance. It may concentrate on introducing more trading features and attracting investors. By the end of 2022, CAKE might trade at a high value of $20.41.

Year.Potential High.Potential Low.
2022$20.41$10.5.
2023$32.65$18.4.
2025$50$24.98.

Historic Market Sentiments:

2018

Pancakeswap (CAKE) was listed on cryptocurrency exchanges in late July 2018 and traded in the range of $0.02-$0.026. However, Pancakeswap soon broke out of that range and experienced increased volatility.

From the beginning to the middle of August, the price fell to $0.006 per CAKE. A rebound immediately followed the decline, hitting $0.0198 by September. Unfortunately, the rebound was temporary and was followed by a prolonged recession. By December, the price had dropped as low as $0.0033. Pancakeswap closed the year at $0.004.

2019

In Q1 2019, the price of CAKE was stuck in the $0.0036-$0.005 range. In March, the cryptocurrency was able to break out of the range and grow to $0.0079. After pulling back to $0.0056 in April, the asset continued to grow, peaking at $0.0098 in June.

CAKE could not hold these heights and slid down before it established support at $0.0028 in late October. As the asset found new ground, it recovered quickly and met resistance at $0.008 in November. Its first attempt to rise above this mark didn’t end well and led to a pullback to $0.0046.

The second attempt led to the same result. After running up against resistance at $0.008, CAKE fell to its previous support of $0.0046. The asset closed the year with a $0.0056 price per coin.

2020

From the beginning of the year, Pancakeswap continued to grow and retested the resistance at $0.0082 in February. Unfortunately, at that point, the entire market had rapidly declined. On 13 March, CAKE set a new low at the $0.0016 mark.

After that, the cryptocurrency started to grow slowly but surely. On 11 June, CAKE broke its resistance at $0.0082, and buyers pushed the price as high as $0.022 in July. A slight pullback followed to $0.0146.

After a steady pullback, CAKE managed to trade at $0.017 by early August. Further, the price managed to be at $0.0021 by mid-August and further plunged to $0.0016 by the end of August. As bears held the market, Pancakeswap’s price continued to decline for several months until the end of November. Later, surged to $0.018 as the expansion of Bitcoin’s price rally and further started declining. CAKE continued to trade at $0.015 by early December and managed to reach $0.019 by the end of 2020.

2021: 

Pancakeswap commenced the year with its price trading at $0.020. The asset soared to a new ATH of $0.2782 in the month of April.  The altcoin hovered around the same zone for a month. Due to the Chinese market crash on May 19th, the price experienced a heavy pull back to $0.07238. 

In the month of July Pancakeswap partnered with ReSea to prevent a thousand kilos of plastic from polluting oceans. Which took the price rally to $0.1539 on September 5th, 2021. Yet again market turmoil coming out of the Chinese market impacted the price rally to dump by 23.3%. Followed by the platform’s plan to upgrade their Proof-of-Authority (PoA) 2.0, the asset regained its bullish momentum reaching $0.1192

Owing to the US Fed’s decision on interest tapering in 2022, the protocol has experienced a steep fall reaching $0.077 from $0.1631 in December. Though it has managed to break out at the year’s end failed to gain strength around the same level. 

FAQ

How High Will Pancakeswap Price Go?

Pancakeswap can go as high as $25 in 2022 according to expert price forecasts and technical analysis signals.

Is CAKE crypto a profitable investment?

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

What is the CAKE token Future Estimated Growth and Projected Value?

Estimate growth is all over the map for CAKE tokens, but long-term projected value reaches as high as $50 in the near future per CAKE coin

Where users can trade CAKE tokens? 

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

Who developed pancake swap?

PancakeSwap was founded in September 2020 by anonymous developers, although it is known that the trustworthy team consists of more than a dozen associates, including two co-leads and engineers.

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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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