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The post PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Surge This Year? appeared first on Coinpedia Fintech News
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.
The DeFi market has experienced a significant rise in its value this year with some tokens gaining over 100% YTD.
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 uncovers the feasible PancakeSwap price predictions for 2023 and the years to come!
| Cryptocurrency | PancakeSwap |
| Token | CAKE |
| Price | $ 2.43074369  3.97% |
| Market cap | $ 627,646,004.1443 |
| Circulating Supply | 258,211,512.5035 |
| Trading Volume | $ 201,672,893.0570 |
| All-time high | $44.18 on 30th April 2021 |
| All-time low | $0.0002318 on 29th September 2020 |
| 24 High | $ 2.7160 |
| 24 Low | $ 2.3330 |
The price was constantly trading in a closed space between $1.049 and $1.253 for a brief period. The price gained massive momentum from the month’s start, as it surged over 100% within the first half of the month. Following this, the price experienced a correction of 20% in value.
The CAKE price broke out of its key resistance level at $2.445 and recorded a high of $2.852 before facing rejection. PancakeSwap then displayed significant price volatility and attempted a retest toward $2.852, but the price was again rejected. Since then, the price has been constantly trading in a consolidated range between $2.102 and $2.445.
The MACD displays a constant red histogram in its chart, indicating a weak buying and selling power for the coin. Further, the chart shows a constant decline in its average, suggesting the price will continue experiencing a correction in value.
If the bulls manage to gain power and push the price above $2.445, then the PancakeSwap price will gain momentum and prepare to retest the resistance zone at $2.691 this month. Conversely, if the bears overpower the bulls and the price falls below the support level of $2.102 then the price is bound to test its crucial support level of $1.657 in the coming days.
This could further push the price to $3.42 by the end of the year. But, if the token falls into a bear trap then the price will experience a low of $1.05 by the year end.
If the crew behind the DeFi project employs community-building initiatives and welcomes imperative collaborations and adoptions. The price of CAKE could ascend to a maximum of $4.13 by the annual closure of 2024.
Contrastingly, the diminishing dominance of Defi’s could hinder its projection to the minimum of $2.68. Successively, the average price might settle at $3.40.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 2.68 | 3.40 | 4.13 |
| 2025 | 3.59 | 4.48 | 5.38 |
| 2026 | 4.40 | 5.15 | 6.99 |
| 2027 | 5.12 | 6.12 | 7.12 |
| 2028 | 6.63 | 7.54 | 8.46 |
| 2029 | 7.66 | 8.52 | 9.39 |
| 2030 | 8.89 | 9.91 | 10.94 |
PancakeSwap’s price for 2023 could range from $1.05 to $3.42.
If it can 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 $5.38.
On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $3.59 rises. Concluding, the lack of impetus might land the price at $4.48.
According to our analysts, CAKE coin price prediction for the year 2026 could range between $4.40 to $6.99, and the average price of PancakeSwap could be around $5.15.
According to our analysts, PancakeSwap price for the year 2027 could range between $5.12 to $7.12, and the average price of CAKE could be around $6.12.
According to our analysts, CAKE’s prediction for the year 2028 could range between $6.63 to $8.46, and the average PancakeSwap coin price could be around $7.54.
According to our analysts, PancakeSwap’s forecast for the year 2029 could range between $7.66 to $9.39, and the average CAKE coin price could be around $8.52.
According to our analysts, CAKE predictions for the year 2030 could range between $8.89 to $10.94, and the average PancakeSwap price could be around $9.91.
| Firm Name | 2024 | 2025 | 2030 |
| Wallet Investor | $0.258 | $0.151 | – |
| priceprediction.net | $3.63 | $5.22 | $31.56 |
| DigitalCoinPrice | $6.07 | $8.56 | $25.71 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
According to CoinPedia analysts, the price is expected to go up in the coming month as the upcoming V3 swap could display some major changes in the system.
Pancakeswap’s price is expected to reach a low of $1.05, with a high of $3.42 and an average forecast price of $2.23.
Earlier 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.
PancakeSwap is a blockchain-powered platform built to renovate the supply chain. The network is a decentralized cryptocurrency exchange erected on the 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.
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 $3.42 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 $5.38. With a potential surge, the price may go as high as $10.94 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 CAKE was $2.439.
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