PancakeSwap Price Prediction 2022, 2023, 2024, 2025: Will CAKE Price Smash The $10 Mark?
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 2022 and the years to come!
Table of contents
Market Top Gainer
Market Top Gainer
Market Top Looser
PancakeSwap (CAKE) Price Prediction
PancakeSwap Price Prediction For November 2022
CAKE’s price commenced the year with its price at $11.768. Moving ahead a crash in the market slashed the price by 40%, leaving the price at around $7.566. After ranging sideways until the 4th of February. A notable spike in buying pressures pushed the price to $8.52, by the 10th of February. But a market-wide downswing resulting from global tensities dragged the price down to $5.510, by the 16th of March.
However, an uptrend seen thereafter helped the altcoin brush its support levels at $9.380, by the end of the first quarter. The second quarter was devastating for the industry, which had direct implications on CAKE’s price. The altcoin lost close to 66.8% in gains in the second quarter.
Based on the price fluctuations the maximum price can go as high as $5.37. On the contrary, if the market catches a bearish trend the price may settle at $4.77. This gives us the average trade price of $5.22 for the month.
CAKE Crypto Price Prediction For December 2022
According to Santiment, the development activity on the platform has seen a notable uptick, and so is the count of total NFT trades. This reinstates faith in a potential spike to $6.762, by the end of the year.
On the downside, if the protocol loses steam amid stiff competition, The price could stumble down to $4.617. Considering the bullish and bearish targets, the average price could find ground at levels around $5.649.
PancakeSwap Token Price Prediction For 2023
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 $12.035 by the year’s end. That said, the average and minimum possibilities are expected at $9.112 and $6.241.
CAKE Coin Price Prediction For 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 $19.948 by the annual closure of 2024. Contrastingly, the diminishing dominance of Defi’s could hinder its projection to the minimum of $10.385. Successively, the average price might settle at $15.345.
PancakeSwap Price Prediction For 2025
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.
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 $33.721.
On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $17.467 rises. Concluding, the lack of impetus might land the price at $25.276.
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 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.
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.
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 2022, CAKE might trade at a higher value of $6.8. On the flip side, bearish trends could clutch the price down to $4.6.
Historical Market Sentiments
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. 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 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 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 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, 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.
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.
Yes, the CAKE token might be a profitable investment for the long term.
The altcoin has been ranging in tandem with the broader market’s trends. It will need vital catalysts to break above its sluggish pace.
The price of PancakeSwap can go as high as $6.762 by the end of 2022.
According to our PancakeSwap price prediction for 2025, the altcoin could hit a maximum of $33.721.
Users can trade CAKE tokens in Binance, CoinTiger, HitBTC, KuCoin, and more.Source