Analysts are saying that CAKE could hit $7.85 by 2025. Feeling bullish about CAKE already? You can buy CAKE on PancakeSwap using your Coinbase wallet.
As a top-tier player in the Web3 ecosystem, PancakeSwap has quickly become one of the most well-known decentralized exchanges (DEXs). As the crypto market has been on a roll the last few weeks, some investors believe this is an excellent opportunity to move in and build high-conviction positions. CAKE, the native token on PancakeSwap, is a coin to keep an eye on, given its utility on a leading exchange.
PancakeSwap Price Prediction Table
Here's a table showing how PancakeSwap could perform in the coming years based on price prediction from Changelly experts.
| Year | Average Price* | Percent Increase |
|---|---|---|
| 2024 | $3.19 | -% |
| 2025 | $4.25 | 33.23% |
| 2026 | $5.12 | 20.47% |
| 2027 | $7.57 | 47.85% |
| 2028 | $11.18 | 47.69% |
| 2029 | $16.20 | 44.90% |
| 2030 | $24.05 | 48.46% |
| 2031 | $35.66 | 48.27% |
| 2032 | $54.98 | 54.18% |
| 2033 | $82.93 | 50.84% |
| 2040 | $987 | 1090.16% |
| 2050 | $2,116.46 | -99.80% |
What Is PancakeSwap (CAKE)?
PancakeSwap (CAKE) is one of the fastest-growing DEXs in the DeFi sector. DEXs are peer-to-peer marketplaces where users trade or swap cryptocurrencies directly with other users. With no central entity facilitating market-making platforms, platforms incentivize users to provide services like liquidity through yield rewards.
PancakeSwap, launched in 2020, is built on the Binance Smart Chain (BSC), an alternate chain similar to Ethereum. Traders gravitate towards PancakeSwap, given its smooth user experience, multi-chain compatibility with networks like Ethereum, BNB, Base and Polygon, along with low transaction fees. Currently, PancakeSwap is the second largest DEX by total locked value (TVL) at $1.9 billion. TVL is a metric that states how much money is deposited onto the exchange. The higher the TVL, the more reputable and secure the exchange is. CAKE is the native cryptocurrency on PancakeSwap, used to earn staking rewards and trade as a digital asset.
Can CAKE Reach $100?
Predicting the price of any asset, especially volatile classes like cryptocurrency, is difficult. The price of CAKE could increase corresponding with the activity on the exchange. As more users interact on PancakeSwap, more CAKE will be swapped and staked, hypothetically causing the price to increase. With a max supply of 450 million, CAKE increases scarcity over 84% of tokens are circulating in the market.
Currently, CAKE is trading around $3.49 with a $899 million market capitalization. To reach $100, CAKE must grow by approximately 3,074%, rising to a $1 billion market cap. For reference, DOGE is the 7th largest cryptocurrency by market cap at $60.25 billion. While this is attainable, CAKE would need to more than double all-time highs (ATHs) and some, so it is hard to make a definite claim.
Will PancakeSwap Go Past All-Time Highs?
During the last bull cycle, CAKE hit an ATH of $44.18 on April 30, 2021. While down over 92% from this milestone, PancakeSwap has increased its user base and interoperability and capped the token supply, bolstering its fundamentals. Since the ATH set in 2021, CAKE has yet to cross $10. With plenty of room to run, notoriety and strong market positioning, CAKE has the opportunity to surpass ATHs in the future.
PancakeSwap Price History and Market Position
Over the last week, CAKE has been down around 10% but has been in a uptrend over the last year, increasing by around 10%. However, the coin is still down from its all-time high of $44.18. On March 13, 2024, CAKE jumped to $5.10, the highest price since 2021.
As the second largest DEX by TVL behind Uniswap, PancakeSwap has positioned itself as a premier choice among DEX users. Users can bridge assets from chains like Ethereum and Polygon, providing exceptional interoperability and freedom for investors. Combined with low fees and attractive yields for liquidity providers, PancakeSwap has created a scalable cryptocurrency exchange.
Changelly’s Bullish Long-Term Price Prediction for PancakeSwap
Changelly is a blog that uploads developments happening in the ecosystem and price predictions for various tokens. Changelly has a bullish outlook on CAKE, believing it could trade around $8.92 in 2027 and over $2,300 in 2050. These ambitious predictions are based on Changelly’s proprietary AI price predictor, which looks into the technical analysis of tokens to assess performance. Among the five sources selected, Changelly has the highest price targets for CAKE. It is important to note that price predictions should not be taken as investment advice. This is especially true for forecasts made deep into the future.
CoinCodex Bearish Long-Term Price Prediction for PancakeSwap
CoincCodex is a Web3 information platform using technical indicators to predict prices. For reference, CoinCodex estimates that CAKE could trade around $3.02 in 2027 and $6.36 in 2030. Currently, the overall sentiment is bullish with a Fear & Greed Index of 74 (Greed). However, this is significantly lower compared to analyses and price predictions from other sources. Price predictions should not be taken as financial advice. Before investing, individuals should research and only invest what they can afford.
2024 PancakeSwap Price Prediction
In 2024, Changelly believes CAKE could dip as low as $3.33. Coinpedia believes CAKE could reach the $4 level, on the average. CoinCodex sees PancakeSwap to trade for a price between $3.50 and $4.87. It is essential to take each prediction with a grain of salt and do your due diligence on the asset before deciding. The average price among the experts selected is $3.95, a 14% increase from current levels.
2025 PancakeSwap Price Prediction
CoinCodex posits that CAKE could run as high as $7.85. The expected average price is $4.96, a 42% return from current prices. CoinPedia sees the coin reaching the $5 level with the maximum price of $5.52. Changelly predicts CAKE trading for around 4.24. Comparing the averages across these platforms, CAKE is forecasted to trade on average at $5.25 per coin. This represents a substantial 50% increase from the current price of $3.49, but it is still well below ATHs. However, price forecasts are not exact and should be examined skeptically.
2030 PancakeSwap Price Prediction
According to PancakeSwap price prediction from Changelly, CAKE could trade, on average, around $28.46 in 2030. On the other hand, CoinCodex gives a significantly lower price forecast for CAKE, seeing the coin to reach a price between $1.801864 and $6.36 in 2030. Forecasting volatile assets like cryptocurrencies is already difficult and the further into the future a forecast is made, the more variance it will exhibit. Investors should research each token before purchasing and not solely invest based on projections.
2050 PancakeSwap Price Prediction
The farther away a prediction is, the less accurate it becomes. Among the sources reviewed, Changelly’s CAKE price forecast was exponentially higher than that of Bitscreener and Coin Edition. Changelly believes CAKE could trade around $2,435, whereas Bitscreener and Coin Edition predict $65.02 and $46.28, respectively. The large discrepancy between forecasts exemplifies the high variance and unpredictability of assets. These forecasts are far from perfect and should not be considered investment advice.
Where to Buy PancakeSwap (CAKE)
The most common way to purchase CAKE is by connecting your software wallet to PancakeSwap and purchasing directly on the platform. If you don’t know what a cryptocurrency wallet is or how to set it up, check out Benzinga’s guide here. Coinbase, a popular exchange, offers a custodial wallet that connects with your account, allowing you to trade CAKE seamlessly on PancakeSwap.
How Long Will It Take for PancakeSwap to Reach ATHs?
According to the price prediction table, CAKE is projected to reach ATHs between 2030 and 2040; however, these are mere estimates. While CAKE's fundamentals are strong compared to its competitors, many other variables contribute to price action. These known and unknown factors can lead to heightened price volatility. CAKE may hit ATHs sooner or never reach that point. It is essential to research assets before investing, being diligent and aware of the risks.
Where to Store PancakeSwap (CAKE) Safely
Wallets are the best way to store cryptocurrency securely. There are two types, each with its benefits and drawbacks. Hardware wallets are the most secure option, with assets being stored offline. Investors tend to use these for long-term storage. In contrast, software wallets are easier to transact and provide additional online security, making them better choices for higher-frequency transactions.
- Best hardware wallet: Ledger offers excellent hardware wallets that keep crypto safe and secure offline. This wallet also provides a simple and smooth user experience for all levels of investors.
- Best software wallet: ZenGo allows you to bulletproof the security of your crypto without needing to take it offline. With an unparalleled user experience and secure recovery features, ZenGo is one of the best mobile wallets in the market right now.
Current Crypto Prices
The current crypto market capitalization sits around $3.31 trillion, up just over 2% in the last 24 hours. BTC has tumbled 2.5% the previous week, with some of the altcoins following the downtrend. While the market is red, many are optimistic. As many tokens have dipped, some think it is a great time to enter or add to high-conviction plays at solid prices. Before making decisions, investors should do their due diligence and invest what they can afford to lose.
Is PancakeSwap a Good Investment?
PancakeSwap has positioned itself as a top DEX in the ecosystem. With a smooth user experience, multi-chain compatibility and low fees, it has risen to the second-largest DEX by TVL in just four years. The native token, CAKE, boasts attractive staking rewards and also helps facilitate DEXs. Many consider CAKE a good investment with solid fundamentals and room to grow. Investors should know the benefits and risks of investing in cryptocurrencies like CAKE before making a final decision.
Frequently Asked Questions
How much will PancakeSwap cost in 2025?
Based on PancakeSwap price prediction from Changelly, CAKE could trade a price between $1.55 and $2.90 in 2025. CoinCodex gives a more positive outlook, seeing the CAKE to reach a potential high of $7.85.
Does CAKE coin have a future?
As one of the leading decentralized exchanges, PancakeSwap and its token, CAKE, have solid fundamentals and are well below ATHs. CAKE is a coin to watch as the crypto market moves into a bullish cycle.
What is CAKE’s all-time high?
CAKE’s all-time high is $44.18, set on April 30, 2021.
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