PancakeSwap Price Prediction 2022-2031
With decentralized finance (DeFi) rising, PancakeSwap, one of the largest decentralized exchanges (DEXs), has been at the forefront of the revolution. The future of the CAKE cryptocurrency will depend on using the PancakeSwap exchange. The coin’s value will also depend on future sentiment on the broader crypto markets, among other factors. CAKE token is at the heart of the PancakeSwap ecosystem. Buy it, win it, farm it, spend it, stake it… heck, you can even vote with it!
Once rated as the best performing DEX of 2021, it started its slide in August and has continued to lose value in 2022. We shall first look at what PancakeSwap is and how it functions to get a clear picture of what investors should expect with the platform and its coin in the future. After going through this PancakeSwap price prediction, you might want to add the coin to your investment portfolio.
Today’s PancakeSwap price today is $4.69 with a 24-hour trading volume of $44,995,749. PancakeSwap is up 0.06% in the last 24 hours. The current CoinMarketCap ranking is #63, with a live market cap of $653,317,279. It has a circulating supply of 139,428,116 CAKE coins and a max. supply of 750,000,000 CAKE coins.
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Recent Cake Developments
With recent developments, partnerships, and its interest in NFTs, the future of PancakeSwap looks promising d. Also, the team behind PancakeSwap aims to build more projects in 2022, which will boost its growth and adoption. Besides being the number one Automated Market Marker (AMM), it has also dived into the NFT space by rolling out Binance Smart Chain NFT projects.
PancakeSwap in The NFT Market
Cake launched its NFT market campaign in October 2021. However, this is the first step in the core of the PancakeSwap world. PancakeSwap achieved a huge volume on only one NFT collection at the launch time.
Also, PancakeSwap launched Pancake Squad in October. It is essential to know that Pancake Squad is a brand new generative collection of 10,000 different NFTs. Due to this innovation, PancakeSwap’s NFT market trading volume increased to 102,208 BNB ($56.8M) in the same month, with 2,044 BNB used to buy back and burn Cake.
Furthermore, 25 projects joined the Farm Auctions to bid for a coveted PancakeSwap farm pair. PancakeSwap is also working behind the scenes to improve its performance issues. It has partnered with Streamingfast, Gnosis, Helix, TradingView, and other providers to enhance its resilience against the scalability issues in the Binance Smart Chain network.T market, we might see $CAKE tokens surge in the future.
How is PancakeSwap Exchange different?
Whereas centralized exchanges like Coinbase and Binance (which were banned in the UK in 2021) are run by a single company, one can trade on a DEX without an intermediary. Like most decentralized finance (DeFi) activity to date, most DEXs are based on Ethereum. PancakeSwap aims to compete with Ethereum by providing lower fees and faster transactions, among other features.
On 26 January, PancakeSwap announced its latest Initial Farm Offering (IFO) format: IFO 3.1 “with the brand new private sale allocation, and the new IFO Syrup pool,” which will “address some of the issues raised by the community and also generate value for our NFT holders.”
As mentioned above, PancakeSwap is a DEX and an automated market maker (AMM) built on the Binance Smart Chain (BSC).
- It is the BSC’s largest decentralized application (dApp), allowing participants to switch tokens securely and effectively.
- It offers a decentralized business experience while leveraging liquidity pools. Some stake BEP 20 tokens in the liquidity pools of corresponding tokens, and some depend on the liquidity pools to swap one BEP 20 token for another.
- Those providing stake tokens or currency in the liquidity pools are called liquidity providers. They receive an interest depending on the number of tokens they stake in each pool.
- DEX has also included yield farming by allowing liquidity providers to stake Liquidity Provider tokens (LP tokens) in various LP token staking pools. This way, the liquidity providers earn an extra income in the form of LP staking rewards besides the interest earned for providing liquidity.
At the time of writing, the total value locked (TVL) on PancakeSwap was $5,553,354,984, according to Defistation.
What’s in store for CAKE?
PancakeSwap has the largest user base of any dAPP, with over 3 million users in the last month. Translating to over 41 million trades within the same period.
PancakeSwap is not done growing its ecosystem earlier this month. They launched the first mini-app of its kind on the Binance mobile app. The move will see many CEX users move into the DEX, increasing liquidity, staking, and utility for the many tokens on the platform. You need to update your Binance app to the latest version to access this feature. It is easily accessible by scrolling down on the Binance app home page.
Ecoin finance V2, a decentralized payment platform, launched on Pancakeswap earlier today.
PancakeSwap attracts new clients and users every month with a large user base.
PancakeSwap Price History
PancakeSwap was launched on September 20, 2020. Founders found it better to name it after their favorite food, the pancake. As an AMM, it does not depend on the presence of buyers and sellers to settle trades. Trades are processed automatically by a sophisticated algorithm using liquidity pools.
PancakeSwap was listed on an exchange almost immediately after PancakeSwap was unveiled.
When it was unveiled in September 2020, the cake price was below $1, and it stayed below $1 until the end of January 2021, when it unleashed a bullish rally that till the end of April 2021.
Figure 1. PancakeSwap price chart by Coinmarketcap
It hit an all-time high price of $44.18 on April 30, after which there was a bearish retracement to about $11 in May 2021. It then traded between $11 and $20 until mid-July, when it started another bullish trend that continued even when writing this post.
At the time of writing this post, the average CAKE price was $24.63, with a 24 hours volume of $407,098,371 after a day drop of 10%.
PancakeSwap price Ichimoku cloud formation indicates a bearish trend reversal with consolidation. The bearish price structure of the last few months has formed false lower support, and new Ichimoku cloud highs began on December 16th.
The Kijun Sen (red line) also confirms the strong bullish momentum.
PancakeSwap Technical Analysis
According to the price developments on the chart, CAKE is continuously facing rejection at the resistance level of $5 in the current price graph. On 29 September, CAKE tried to make a breakout near $5 but became unsuccessful and quickly dropped to $4.495 on 1 October.
However, CAKE is entirely under buyers’ control and may soon witness upward price action due to increased buying pressure. CAKE’s current price is $4.612, with a market cap of $643,911,387. Since the post-halving market conditions, altcoins, including PancakeSwap, are building a bullish momentum in the price chart.
The technical indicators reveal that CAKE has recently broken out of its immediate resistance level following positive market sentiment. After facing rejection at $5, CAKE is retesting the $4.5 level and waiting for another pump soon. EMA-20 and EMA-50 are trading upwards, hinting at a breakout near the resistance level on the CAKE price graph. RSI 14 is at 56, and SMA (simple moving averages) 14 is trading near the 60 level, indicating a solid buying pressure that can push CAKE to the North.
CAKE price is trading above the 21 periods EMA and 9 periods EMA, showing that bulls are trying to achieve their first short-term goal of $5 and test the following resistance levels at $5.5 and $6.1. Conversely, a price drop is expected if CAKE falls downside to the immediate support level at $4.07, and CAKE will keep falling if it crosses the crucial support at $3.6 in the price chart. PancakeSwap is bullish on the 4-hour CAKE/USDT price chart.
In summary, the technical analysis shows a potential upward bounce back for the digital asset. The bullish move can take CAKE past its next resistance levels following the crypto market’s recovery. However, it seems that the price will consolidate below $5 for some days before establishing an upward rally.
PancakeSwap Price Predictions by Cryptopolitan
According to our PancakeSwap price prediction, the long-term is more fruitful than the short-term. The coin can break all its records and attain new highs in the upcoming years.
|Year||Minimum Price||Average Price||Maximum Price|
PancakeSwap Price Prediction 2022
Our PancakeSwap price prediction 2022 indicates that CAKE can attain a maximum price of $5.45 and a minimum price of $4.93, with an average trading price of $5.11 by the end of 2022.
PancakeSwap Price Prediction 2023
From our in-depth technical analysis and CAKE price prediction 2023, we anticipate that CAKE can see a price rise to $7.4, where the highest value can be $8.93 and a minimum value of $7.22.
PancakeSwap Price Prediction 2024
Our CAKE price prediction 2024 hints that the coin will attain a maximum price of $12.51, a minimum price of $10.42, and an average price of $10.79. More widespread adoptions, developments, and partnerships are expected within the Pancakeswap ecosystem, which could lead to an upswing in market price.
PancakeSwap Price Prediction 2025
According to our PancakeSwap price prediction 2025, CAKE can see some price fluctuations but may hit a maximum value of $18.27 and a minimum value of $14.94 with an average price of $15.38 if the cryptocurrency market favors it.
PancakeSwap Price Prediction 2026
Per our PancakeSwap price prediction 2026, CAKE is expected to hit a maximum price level of $25.63 and a minimum price level of $22.12 with an average price of $21.51.
PancakeSwap Price Prediction 2027
Our PancakeSwap price prediction 2027 expects the digital coin’s price to attain a maximum value of $37.43 and a minimum value of $29.81 with an average price of $30.92
PancakeSwap Price Prediction 2028
Per our CAKE price prediction 2028, we expect the digital coin to hit a maximum price of $53.55 and a minimum trading price of $46.38, with an average price of $47.71.
PancakeSwap Price Prediction 2029
Based on our CAKE price prediction 2029, the digital asset is projected to hit a maximum value of $80.33 and a minimum price of $69.32, with an average price of $71.23. The CAKE token is projected to integrate massive network upgrades and developments by 2029, which could drive up the coin’s price.
PancakeSwap Price Prediction 2030
Our PancakeSwap price prediction 2030 indicates that CAKE’s price will have an overwhelming value in 2030 as it can touch a maximum level of $119.21 and a minimum price of $104.02 with an average trading price of $107.58.
PancakeSwap Price Prediction 2031
Based on our CAKE price prediction 2031, the digital asset is projected to hit a maximum value of $184.52 and a minimum price of $155.54, with an average price of $160.92. PancakeSwap is predicted to change the fortune of investors and bring a wave in investment portfolios in the upcoming years. Being a smart contract platform, PancakeSwap is favored and widely welcomed by the crypto community and market experts as it can achieve new highs in the future.
Wallet Investors PancakeSwap Price Prediction
According to Wallet Investor’s PancakeSwap CAKE price prediction, CAKE is a bad investment option if you are looking for an excellent ROI (return on investment) in the short term. By the end of 2022, PancakeSwap’s price can become bearish and may be trading at $3.1. In the long-term, CAKE will gradually get devalued.
DigitalCoin PancakeSwap Price Prediction
DigitalCoin’s CAKE price prediction is bullish. CAKE tokens can hit a maximum value of $9.31 by the end of this year. PancakeSwap may attain a great value in 2023 as it can exceed the $10 mark with a maximum trading price of $10.31.
Priceprediction.net PancakeSwap Price prediction
According to Priceprediction.net’s CAKE price predictions, the token may reach a maximum price level of $5.45 with an average trading price of $5.11. In 2025, the token is expected to see incredible growth as it can attain a maximum value of $18.27 and a minimum price of $14.94, with an average trading price of $15.38.
PancakeSwap Price Prediction by Market Experts
PancakeSwap has lured investors and traders through its potential and great investment returns. It has attracted prominent crypto strategists and analysts in the market, and some have given their valuable opinions on the future of CAKE tokens.
According to Crypto Dynamics, CAKE can soon initiate a massive 1000x bull rally. It can trade for nearly $800 in the next ten years.
PancakeSwap has revolutionized blockchain technology in terms of its transaction mechanism. The cryptocurrency market is ever evolving, and decentralized exchanges are playing a leading role in the industry.
PancakeSwap provides an outstanding contribution to the crypto space and has a bright future ahead with its optimistic returns and fundamentals. It runs on the Binance smart chain and can lead the DEX sector to the next stage with its innovative technologies, user-friendly UI, and low transaction fees. Our PancakeSwap price prediction expects that it can be one of the dominating and leading DEXs in the era of digitalization, and PancakeSwap value will moon soon.
CAKE token is a good investment option and has a great future price following its past performance. According to our PancakeSwap price prediction, the long-term is more fruitful than the short-term. The coin can break all its records and attain new highs in the upcoming years.
However, we advise investors to take precautions, research multiple viewpoints, and conduct investment advice and experts’ analysis before taking any investment decision in the high volatility of the market, which can lead to a considerable loss.