Story Highlights
- The real-time prices of CAKE tokens are as follows: $2.43129777.
- PancakeSwap price could rise to $3.42 by the end of 2023.
- With the potential for a surge, CAKE could rise to $10.94 by the end of 2030.
There are many promising and talented projects in the ever-evolving cryptocurrency space. One such project is Pancake Swap, which boasts a native token “CAKE”.
DeFi tokens have been one of the leading cryptocurrencies in the DeFi space. Investors and holders have been waiting for the launch of DeFi tokens that could start a vertical price rise on the market charts.
The DeFi market has seen significant gains in value this year, with some tokens rising more than 100% YTD.
Are you one of the many investors who have been waiting for a bullish move in CAKE? In this article, you will find feasible PancakeSwap price predictions for 2023 and the coming years, so buckle up!
Pancake Swap Overview
| cryptocurrency | Pancake Swap |
| token | cake |
| price | $2.43129777  4.01% |
| market capitalization | $627,789,075.6361 |
| circulating supply | 258,211,512.5035 |
| trading volume | $201,380,694.0592 |
| Best ever | April 30, 2021 $44.18 |
| Lowest ever | September 29, 2020 $0.0002318 |
| 24 high | $2.7160 |
| 24 low | $2.3330 |
PancakeSwap Price Prediction for December 2023
The price continued to trade in a closed space between $1.049 and $1.253 for a short period of time. The price has gained tremendous momentum since the beginning of the month, surging more than 100% in the first half of the month. The price has since undergone a 20% correction in value.
CAKE price broke the key resistance level at $2.445 and hit a high of $2.852 before facing rejection. PancakeSwap showed significant price volatility and attempted a retest of $2.852, but the price was rejected again. Since then, the price has consistently traded in a consolidated range between $2.102 and $2.445.
MACD displays a steady red histogram on the chart, which indicates weak buying and selling power for that coin. The chart also shows the average continuing to decline, which suggests that the price will continue to experience corrections in value.
If the bulls gain strength and push the price above $2.445, PancakeSwap price will gain momentum and prepare to retest the resistance area at $2.691 this month. Conversely, if the bears outweigh the bulls and the price falls below the support level of $2.102, the price will likely test the important support level of $1.657 in the coming days.
This could push the price higher to $3.42 by the end of the year. However, if the token falls into a bear trap, the price will fall to a low of $1.05 by the end of the year.
CAKE Coin Price Prediction for 2024
When DeFi project teams adopt community-building initiatives and welcome essential collaboration and adoption. CAKE price could rise up to $4.13 by the 2024 shutdown.
In contrast, a decline in Defi dominance could hinder expectations of at least $2.68. On a rolling basis, the average price may settle at $3.40.
PancakeSwap Price Forecast 2023~2030
| price prediction | Potential Lowest Value ($) | Average price ($) | Potential Highest Price ($) |
| 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 |
The price of PancakeSwap in 2023 ranges from $1.05 to $3.42.
PancakeSwap Price Prediction 2025
If we can provide full integration of NFT-based platforms with the real business world. It will be easier for businesses to use NFTs. Over the next three years, PancakeSwap could reach up to $5.38.
Conversely, if a bear market reverses the upward trend. Then, there is a high possibility that the price will fall to $3.59. In conclusion, the lack of momentum could push the price to $4.48.
Cake price forecast for 2026
According to analysts, the CAKE Coin price prediction in 2026 could be between $4.40 and $6.99, with the average price on PancakeSwap being around $5.15.
Pancake Swap Price Prediction for 2027
According to analysts, the PancakeSwap price in 2027 could be between $5.12 and $7.12, while the average price of CAKE could be around $6.12.
Cake price forecast for 2028
According to analysts, CAKE’s forecast for 2028 could be between $6.63 and $8.46, with the average PancakeSwap coin price being around $7.54.
CAKE cryptocurrency price prediction for 2029
According to analysts, PancakeSwap’s 2029 forecast could be between $7.66 and $9.39, with the average CAKE coin price being around $8.52.
PancakeSwap Price Prediction 2030
According to analysts, the 2030 CAKE forecast could be between $8.89 and $10.94, with the average PancakeSwap price being around $9.91.
market analysis
| Company Name | 2024 | 2025 | 2030 |
| wallet investor | $0.258 | $0.151 | – |
| price prediction .net | $3.63 | $5.22 | $31.56 |
| DigitalCoinPrice | $6.07 | $8.56 | $25.71 |
*We have created a table containing possible price predictions for the same tokens made by other cryptocurrency analysts on their respective platforms. The goals mentioned above are the average goals set by each company.
CoinPedia’s PancakeSwap Price Prediction
According to CoinPedia analysts, prices are expected to rise in the coming months as the upcoming V3 swap could mark some major changes to the system.
The price of Pancakeswap is expected to reach a low of $1.05, a high of $3.42, and an average forecast price of $2.23.
basic analysis
It was introduced in September 2020 ahead of the launch of PancakeSwap, AMM and Farm platforms. Pancakeswap v2 aims to promote certain features, such as adding a buyback and burn mechanism to transaction fees, customizable CAKE, and automatic composition.
Currently, Pancakeswap is in the process of upgrading the UI/UX of the NFT market. It also lays the foundation for regular NFT drops and regular 1FO, Pool+Farm and Farm auctions.
There are certain accessible projects, such as the NFT Marketplace Phase 2, where third parties buy and sell BSC NFTs. We plan to add charts to our trading site and introduce Simple Liquidity (ZAP) contracts.
Factors affecting PancakeSwap price
- government: Government and central bank regulation of digital currencies (CBDCs) could have a significant impact on the cryptocurrency industry.
- update: The upcoming V3 swap and liquidity upgrades could play a significant role in CAKE price this year.
- Fiat currency inflation: Hyperinflation may push people and governments towards cryptocurrency as an alternative.
- supply and demand: A surge in supply and demand could help skyrocket the price of this coin to new highs.
What is Pancake Swap (CAKE)?
PancakeSwap is a blockchain-based platform built to transform the supply chain. The network is a decentralized cryptocurrency exchange built on Binance Smart Chain for BEP-20 token exchange. PancakeSwap was created by a team of anonymous developers.
It uses automated market makers and decentralized applications where users trade against liquidity pools. Digital currency also allows users to earn additional tokens such as CAKE. and SYRUP, where users can stake, lend, and earn rewards.
Past market sentiment from 2018 to 2022
- PancakeSwap (CAKE) was first listed in July 2018 at $0.3492. By August, the price had surged to $0.198 per transaction following the recession and closed the year at $0.0040.
- The CAKE price stayed between $0.0036 and $0.005 for three months in March 2019. As a bearish trend emerged, the price fell to $0.0056 in April.
- As the roller coaster ride began, the cryptocurrency’s value quickly fell to $0.0028 by the end of October. The closing trading price of the cryptocurrency was $0.0056 per transaction.
- The year started off well as the graph continued to rise, with the price reaching $0.0082 in February. On March 13, 2020, CAKE hit an all-time low of $0.0016, and its value continued to fall until the end of November as bears took over the market.
- By June 11, CAKE’s value had increased sixfold. It brought the CAKE token price to $0.0082, but that was just the beginning as its value surged to $0.022 in July. The price reached a closing trading price of $0.019 by the end of 2020.
- A bullish trend appeared on the charts on January 22, 2021, and by February 20, the coin hit a new ATH of $18.92. The move began on April 30, when the value of the cryptocurrency soared to $44.23.
- On May 19, 2021, the Chinese market crash caused the price to plummet to $12.72 per transaction, 2.5 times its original value. The partnership with ReSea helped the price rise to $26.13 by August 28, 2021. Due to many fluctuations, the cryptocurrency recorded a closing trading price of $12.03 for the year.
CoinPedia has a team of expert analysts dedicated to covering possible cryptocurrency price predictions for you and summarizing everything in one place!
Frequently Asked Questions
The price of PancakeSwap could rise to $3.42 by the end of 2023.
That’s right. CAKE tokens can be a profitable investment in the long term.
According to PancakeSwap price predictions for 2025, the altcoin could reach as high as $5.38. A potential surge could push the price up to $10.94 by the end of 2030.
Altcoins have been keeping pace with broader market trends. A significant catalyst is needed to overcome the slow pace.
Users can trade CAKE tokens on Binance, CoinTiger, HitBTC, KuCoin, etc.
At the time of publication, CAKE was priced at $2,439.