- Bullish PancakeSwap (CAKE) price prediction ranges from $3.221 to $7.
- Analysis suggests that the CAKE price might reach above $10 soon.
- CAKE’s bearish market price prediction for 2023 is $3.21.
Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. PancakeSwap (CAKE) is one of them.
PancakeSwap (CAKE) is the most popular decentralized exchange on the BNB Chain. PancakeSwap allows you to trade directly from your wallet without using a centralized exchange. On this exchange, you can swap BEP-20 tokens, stake CAKE in Syrup Pools, lend and offer liquidity on the automated market maker (AMM), participate in IFOs (Initial Farm Offerings), engage in perpetual trading, and buy or sell NFTs via the NFT Marketplace.
If you are interested in the future of CAKE and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
PancakeSwap (CAKE) Market Overview
| Name | PancakeSwap |
| Symbol | cake |
| Rank | #71 |
| Price | $3.92 |
| Price Change (1h) | 0.00973 % |
| Price Change (24h) | -7.05257 % |
| Price Change (7d) | -11.55829 % |
| Market Cap | $652729045 |
| All Time High | $43.96 |
| All Time Low | $0.194441 |
| Circulating Supply | 166602215.71 cake |
| Total Supply | 366858289.873 cake |
What Is PancakeSwap (CAKE)?
PancakeSwap is a decentralized finance application that allows users to trade tokens while generating liquidity through farming and earning fees. It is a decentralized exchange for trading BEP20 tokens on Binance Smart Chain. PancakeSwap utilizes an automated market maker concept in which customers trade against a liquidity pool. These pools are populated by users who deposit funds into the pool in exchange for liquidity provider (LP) tokens.
PancakeSwap also allows users to farm extra tokens such as CAKE and SYRUP. Users can deposit LP tokens on the farm and receive CAKE as a reward. PancakeSwap enables users to trade BEP20 tokens, providing liquidity to the exchange and earning fees, staking LP tokens to create CAKE, staking CAKE to make more CAKE, and staking CAKE to acquire tokens from other projects.
PancakeSwap operates on an automated market maker approach, which means there are no order books, and relies on liquidity pools instead. Users can farm LP tokens and stake their CAKE to win rewards by adding their tokens to the liquidity pool. They can also gamble using lotteries and non-fungible tokens.
On PancakeSwap, users can use CAKE to enter a lottery. Each lottery session has a six-hour duration. A single ticket costs 10 CAKE and contains a random combination of four numbers ranging from 1 to 14; like the jackpot, which is equivalent to 50% of the total lottery pool, the numbers on your ticket must match all four winning numbers.
Users can also earn non-fungible tokens, which they can exchange for CAKE or keep in their wallet. PancakeSwap can be safely held in wallets linked to the Binance Smart Chain. MetaMask, TrustWallet, TokenPocket, and WalletConnect are among them.
Analysts Views on PancakeSwap (CAKE)
According to the analysis of the crypto analyst, the price of $CAKE has encountered a decline and encountered an order block at the previously identified level of 4.109.
Also a tweet mentioning many tokens of CAKES are being burnt, hoping a bullish momentum ahead for CAKE.
PancakeSwap (CAKE) Current Market Status
According to CoinMarketCap, Pancake Swap (CAKE) is hovering at $3.94 at the time of writing, with a total of 166,375,370 CAKE in circulation. CAKE has a 24-hour trading volume of $71,385,387, with a 124% increase. And during 24 hours, the price of CAKE decreased by 5.55%.
The most popular exchanges to trade Pancake Swap (CAKE) are Binance, BTCEX, ByBit, BingX, and MEXC. Let’s continue with our CAKE price research for 2023.
PancakeSwap (CAKE) Price Analysis 2023
Currently, CAKE ranks 67th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will CAKE’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s CAKE price forecast.
PancakeSwap (CAKE) Price Analysis – Keltner Channel
When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Pancake Swap (CAKE) can be predicted using the Keltner Channel indications for CAKE/USDT. The price is in the second half of the channel, meaning that people are selling CAKE rather than buying. Even after establishing a new trend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.
PancakeSwap (CAKE) Price Analysis – Relative Strength Index
In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Hour chart is 27.62. RSI below 50 indicates that people are selling Pancake Swap, hoping it will break out of the current turbulence and go bearish.
PancakeSwap (CAKE) Price Analysis – Moving Average
Above is an hourly chart of Pancake Swap (CAKE) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, CAKE is in a bear trend. The CAKE 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.
However, the distance between the two moving averages is wide. Since the candlesticks are below 200-day MA, we can observe that the selling pressure is still going on and unable to reverse the trend.
PancakeSwap (CAKE) Price Prediction 2023
By looking at the daily chart of CAKE/USDT, the CAKE price was swinging from $5.845 to $3.127 after going to its lowest point at $3.127. Bouncing back from the support level, CAKE is fluctuating near the 200-day moving average. We can expect the market to rise above the high from the 200-day moving average and rise toward the primary resistance.
Meanwhile, our long-term CAKE price prediction for 2023 is bullish since it cannot break the support level. We can expect CAKE to reach $5.514 this year.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2023 | 4.6076 | 4.6310 | 4.6564 |
| February 2023 | 4.6603 | 4.6837 | 4.7091 |
| March 2023 | 4.7677 | 4.7911 | 4.8165 |
| April 2023 | 4.8329 | 4.8563 | 4.8817 |
| May 2023 | 4.8855 | 4.9089 | 4.9343 |
| June 2023 | 4.9596 | 4.9830 | 5.0084 |
| July 2023 | 5.0161 | 5.0395 | 5.0649 |
| August 2023 | 5.1236 | 5.1470 | 5.1724 |
| September 2023 | 5.1888 | 5.2122 | 5.2376 |
| October 2023 | 5.2414 | 5.2648 | 5.2902 |
| November 2023 | 5.3288 | 5.3522 | 5.3776 |
| December 2023 | 5.4815 | 5.5049 | 5.5303 |
PancakeSwap (CAKE) Price Prediction – Resistance and Support Levels
The chart above shows that the price of CAKE has increased in the past few months.
Moreover, the price of CAKE has been down by 5.62% in the past 24 hours after a slight increase during the week. If this continues, CAKE might keep running bulls, breaking its current resistance level and eventually moving higher to $5.219.
If CAKE cannot break the $4.509 EMA-200 level, the bears may seize control and dethrone CAKE to a downtrend stance. In simple terms, the price of CAKE might fall to almost $3.211, indicating a negative signal from the previous support level.
PancakeSwap (CAKE) Price Prediction 2024
The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of Pancake Swap (CAKE) to react positively to the news and trade at around $6 by the end of 2024.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2024 | 5.5130 | 5.5364 | 5.5618 |
| February 2024 | 5.5657 | 5.5891 | 5.6145 |
| March 2024 | 5.6731 | 5.6965 | 5.7219 |
| April 2024 | 5.7383 | 5.7617 | 5.7871 |
| May 2024 | 5.7909 | 5.8143 | 5.8397 |
| June 2024 | 5.8650 | 5.8884 | 5.9138 |
| July 2024 | 5.9215 | 5.9449 | 5.9703 |
| August 2024 | 6.0290 | 6.0524 | 6.0778 |
| September 2024 | 6.0942 | 6.1176 | 6.1430 |
| October 2024 | 6.1468 | 6.1702 | 6.1956 |
| November 2024 | 6.2342 | 6.2576 | 6.2830 |
| December 2024 | 6.3869 | 6.4103 | 6.4357 |
PancakeSwap (CAKE) Price Prediction 2025
The effect of any Bitcoin correction is experienced in the following year from recent history. If CAKE ends in 2024 for $12 or more, we can expect the price of CAKE to grow in 2025. This could make CAKE trade at $17 or more in 2025, considering investors will be bullish.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2025 | 6.5130 | 6.5364 | 6.5618 |
| February 2025 | 6.6657 | 6.6891 | 6.7145 |
| March 2025 | 6.7731 | 6.7965 | 6.8219 |
| April 2025 | 6.9383 | 6.9617 | 6.9871 |
| May 2025 | 7.0909 | 7.1143 | 7.1397 |
| June 2025 | 7.1983 | 7.2217 | 7.2471 |
| July 2025 | 7.3635 | 7.3869 | 7.4123 |
| August 2025 | 7.5162 | 7.5396 | 7.5650 |
| September 2025 | 7.6236 | 7.6470 | 7.6724 |
| October 2025 | 7.7888 | 7.8122 | 7.8376 |
| November 2025 | 7.9415 | 7.9649 | 7.9903 |
| December 2025 | 8.0489 | 8.0723 | 8.0977 |
PancakeSwap (CAKE) Price Prediction 2026
With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of CAKE. Hence, Pancake Swap could end in 2026 at around $12.15 or more.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2026 | 8.1766 | 8.2000 | 8.2254 |
| February 2026 | 8.3293 | 8.3527 | 8.3781 |
| March 2026 | 8.5367 | 8.5601 | 8.5855 |
| April 2026 | 9.1888 | 9.2122 | 9.2376 |
| May 2026 | 9.7153 | 9.7387 | 9.7641 |
| June 2026 | 9.9227 | 9.9461 | 9.9715 |
| July 2026 | 10.5748 | 10.5982 | 10.6236 |
| August 2026 | 11.1013 | 11.1247 | 11.1501 |
| September 2026 | 11.3087 | 11.3321 | 11.3575 |
| October 2026 | 11.6739 | 11.6973 | 11.7227 |
| November 2026 | 11.9266 | 11.9500 | 11.9754 |
| December 2026 | 12.1340 | 12.1574 | 12.1828 |
PancakeSwap (CAKE) Price Prediction 2027
The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for CAKE, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see CAKE trade at around $19.56 in 2027.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2027 | 12.6766 | 12.7000 | 12.7254 |
| February 2027 | 13.2031 | 13.2265 | 13.2519 |
| March 2027 | 13.9441 | 13.9675 | 13.9929 |
| April 2027 | 14.5962 | 14.6196 | 14.6450 |
| May 2027 | 15.1227 | 15.1461 | 15.1715 |
| June 2027 | 15.8637 | 15.8871 | 15.9125 |
| July 2027 | 16.5158 | 16.5392 | 16.5646 |
| August 2027 | 17.0424 | 17.0658 | 17.0912 |
| September 2027 | 17.7834 | 17.8068 | 17.8322 |
| October 2027 | 18.1486 | 18.1720 | 18.1974 |
| November 2027 | 18.8007 | 18.8241 | 18.8495 |
| December 2027 | 19.5417 | 19.5651 | 19.5905 |
PancakeSwap (CAKE) Price Prediction 2028
Pancake Swap has a high possibility of trading above its 2025 price prediction of $79 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make CAKE trade at around $26.625 in 2028.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2028 | 19.7366 | 19.7600 | 19.7854 |
| February 2028 | 20.2631 | 20.2865 | 20.3119 |
| March 2028 | 21.0041 | 21.0275 | 21.0529 |
| April 2028 | 21.6562 | 21.6796 | 21.7050 |
| May 2028 | 22.1827 | 22.2061 | 22.2315 |
| June 2028 | 22.9237 | 22.9471 | 22.9725 |
| July 2028 | 23.5758 | 23.5992 | 23.6246 |
| August 2028 | 24.1024 | 24.1258 | 24.1512 |
| September 2028 | 24.8434 | 24.8668 | 24.8922 |
| October 2028 | 25.2086 | 25.2320 | 25.2574 |
| November 2028 | 25.8607 | 25.8841 | 25.9095 |
| December 2028 | 26.6017 | 26.6251 | 26.6505 |
PancakeSwap (CAKE) Price Prediction 2029
Since the most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of CAKE to break more psychological resistance and trade around $35 by the end of 2029.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2029 | 27.1766 | 27.2000 | 27.2254 |
| February 2029 | 27.7031 | 27.7265 | 27.7519 |
| March 2029 | 28.4441 | 28.4675 | 28.4929 |
| April 2029 | 29.0962 | 29.1196 | 29.1450 |
| May 2029 | 29.6227 | 29.6461 | 29.6715 |
| June 2029 | 30.3637 | 30.3871 | 30.4125 |
| July 2029 | 31.0158 | 31.0392 | 31.0646 |
| August 2029 | 31.5424 | 31.5658 | 31.5912 |
| September 2029 | 32.2834 | 32.3068 | 32.3322 |
| October 2029 | 32.6486 | 32.6720 | 32.6974 |
| November 2029 | 33.3007 | 33.3241 | 33.3495 |
| December 2029 | 34.0417 | 34.0651 | 34.0905 |
PancakeSwap (CAKE) Price Prediction 2030
The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of CAKE to trade above $43 by the end of 2030.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2030 | 36.1766 | 36.2000 | 36.2254 |
| February 2030 | 36.7031 | 36.7265 | 36.7519 |
| March 2030 | 37.4441 | 37.4675 | 37.4929 |
| April 2030 | 38.0962 | 38.1196 | 38.1450 |
| May 2030 | 38.6227 | 38.6461 | 38.6715 |
| June 2030 | 39.3637 | 39.3871 | 39.4125 |
| July 2030 | 40.0158 | 40.0392 | 40.0646 |
| August 2030 | 40.5424 | 40.5658 | 40.5912 |
| September 2030 | 41.2834 | 41.3068 | 41.3322 |
| October 2030 | 41.6486 | 41.6720 | 41.6974 |
| November 2030 | 42.3007 | 42.3241 | 42.3495 |
| December 2030 | 43.0417 | 43.0651 | 43.0905 |
PancakeSwap (CAKE) Price Prediction 2040
According to our long-term CAKE price estimate, CAKE prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $1.28950 by 2040. If the market becomes bullish, the price of CAKE may increase beyond our 2040 forecast.
| Minimum Price | Average Price | Maximum Price |
| 82.6 | 103 | 132 |
PancakeSwap (CAKE) Price Prediction 2050
According to our CAKE forecast, the average price of Pancake Swap in 2050 might be above $228. If more investors are drawn to CAKE between these years, the price of CAKE in 2050 could be far higher than our projection.
| Minimum Price | Average Price | Maximum Price |
| 180 | 227 | 243 |
Conclusion
As said above, it may reach over $43 if investors have decided that CAKE is a good investment along with mainstream cryptocurrencies.
FAQ
PancakeSwap is a decentralized finance application that allows users to trade tokens while generating liquidity through farming and earning fees. It is a decentralized exchange for trading BEP20 tokens on Binance Smart Chain. PancakeSwap utilizes an automated market maker concept in which customers trade against a liquidity pool. These pools are populated by users who deposit money into the pool in exchange for liquidity provider (LP) tokens.
Like other digital assets in the crypto world, CAKE can be traded on many exchanges. Binance, BTCEX, ByBit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading CAKE.
Since CAKE provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, CAKE has a high possibility of surpassing its current ATH in 2027.
In terms of active crypto assets, CAKE is one of the few that continues to rise in value. As long as this bullish trend continues, CAKE might break through $26 and reach as high as $50. Of course, if the current market favoring crypto continues, it will likely happen.
As one of the fastest-rising cryptocurrencies, CAKE is expected to continue its upward trend. We may also conclude that CAKE is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest CAKE price is $0.0002318, attained on September 29, 2020, according to CoinMarketCap.
CAKE was launched in September 2020.
PancakeSwap was co-founded by the pseudonymous Chef Hops.
The maximum supply of CAKE is 750,000,000 CAKE.
CAKE can be stored in a cold wallet, hot wallet, or exchange wallet.
CAKE price is expected to reach $5 by 2023.
CAKE price is expected to reach $6.5 by 2024.
CAKE price is expected to reach $8 by 2025.
CAKE price is expected to reach $12.15 by 2026.
CAKE price is expected to reach $19.56 by 2027.
CAKE price is expected to reach $26.625 by 2028.
CAKE price is expected to reach $35 by 2029.
CAKE price is expected to reach $43 by 2030.
CAKE price is expected to reach $103 by 2040.
CAKE price is expected to reach $228 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
More Crypto Price Predictions:
Post Views: 827
Source: https://coinedition.com/pancakeswap-cake-price-prediction/