PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Surge In 2023?

The post PancakeSwap Price Prediction 2023, 2024, 2025: Will CAKE Price Surge In 2023? 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.

DeFi market has experienced a significant loss in its value this year with some tokens losing over 50% 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 uncover the feasible PancakeSwap price predictions for 2023 and the years to come!

Pancakeswap Overview

Cryptocurrency	PancakeSwap
Token	CAKE
Price	$ 2.71330292 20.69%
Market cap	$ 622,159,604.1575
Circulating Supply	229,299,721.6256
Trading Volume	$ 310,286,886.2513
All-time high	$44.18 on 30th April 2021
All-time low	$0.0002318 on 29th September 2020
24 High	$ 2.7840
24 Low	$ 2.1370

PancakeSwap Price Prediction November 2023

During the start of October CAKE price managed to break out of the zone but the surge for short-lived as the bears quickly pulled back the price, after which, the coin has been trading in a descending trend. Following the market pump, the price gained momentum and managed to break out of multiple resistance levels. Further, the price is currently trading in a closed range between $1.218 and $1.245.

The price gained massive momentum from the month start, as it has surged over 100% within the first half of the month. The CAKE price recently broke out of its key resistance level at $2.445, indicating a bullpower in the market.

The MACD displays a rising green histogram in its chart, indicating a strong buying and selling power for the coin. Further, the chart displays a rising average, suggesting the price will continue gaining value in the coming days.

If the bulls manage to gain power and push the price above $2.691, then the PancakeSwap price will gain momentum and prepare to retest the resistance zone at $3.00 this month.

On the contrary, if the bears overpower the bulls and the price falls below the support level of $2.445 then the price is bound to test its crucial support level of $2.250 in the coming days.

PancakeSwap Token Price Prediction 2023

The PancakeSwap price has approximately gained over 130% within the past month, indicating a strong bullish sentiment over the market. Further, the EMA displays a possibility of a Golden Cross in the coming time, suggesting a possibility of a massive price action soon.

The MACD displays a constant green histogram, indicating an massive ongoing buying and selling pressure for the coin. Further, the averages display a sharp uptrend, suggesting the price to continue gaining value in the coming days.

The PancakeSwap price may experience a bounce as the DeFi space is coming up with promising projects 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.

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.

PancakeSwap Price Prediction 2023 – 2030

PancakeSwap price for 2023 could range from $1.05 to $2.42.

CAKE Coin Price Prediction 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 $3.13 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 $2.90.

PancakeSwap Price Prediction 2025

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 $4.38. 

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 $3.98.

CAKE Price Prediction 2026

According to our analysts, CAKE coin price prediction for the year 2026 could range between $4.40 to $4.99 and the average price of PancakeSwap could be around $4.65.

Pancake Swap Price Prediction 2027

According to our analysts, PancakeSwap price for the year 2027 could range between $5.12 to $6.12 and the average price of CAKE could be around $5.62.

CAKE Price Prediction 2028

According to our analysts, CAKE’s prediction for the year 2028 could range between $6.63 to $7.46 and the average PancakeSwap coin price could be around $7.04.

CAKE Crypto Price Prediction 2029

According to our analysts, PancakeSwap’s forecast for the year 2029 could range between $7.66 to $8.39 and the average CAKE coin price could be around $8.02.

PancakeSwap Price Prediction 2030

According to our analysts, CAKE predictions for the year 2030 could range between $8.89 to $9.94 and the average PancakeSwap price could be around $9.41.

Market Analysis

*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.

CoinPedia’s PancakeSwap Price Prediction

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 $2.42 and an average forecast price of $1.735.

Fundamental Analysis

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.

Factors Affecting The Price Of PancakeSwap

• Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.
• Updates: Upcoming V3 swap and liquidity upgrade could play a significant role in the price of CAKE this year.
• Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
• Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.

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.

Historical Market Sentiments 2018 – 2022

• PancakeSwap (CAKE) was first listed for $0.3492 in July 2018. Increasing volatility in the market made price to fall to $0.06 by August and shot-up to $0.198 per trade following recission. By December price had dropped to $0.0033 and closed at $0.0040 for the year.
• The price of CAKE was stuck in the $0.0036 – $0.005 range for 3 months and grew to $0.0079 in March 2019. As the bearish trend appeared price 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 2019 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 2020 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 6X time jump was seen in the value of this crypto. Bringing the CAKE token 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 2021 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. 
• Chinese market crash on May 19th 2021 shattered the price to $12.72 per trade cutting 2.5 times its original value. The partnership with ReSea helped rally the price to $26.13 by 28th August 2021. With many fluctuations the crypto recorded a closing trade price of $12.03 for that year.

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!

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[Source: Coinpedia]