PancakeSwap Price Prediction 2024, 2025, 2030: Will CAKE Price Record New High This Year?

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.

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 2024 and the years to come!

Overview

Cryptocurrency	PancakeSwap
Token	CAKE
Price	$ 2.47846393 -3.54%
Market cap	$ 648,659,334.0141
Circulating Supply	261,711,690.6026
Trading Volume	$ 35,829,725.5470
All-time high	$44.18 on 30th April 2021
All-time low	$0.0002318 on 29th September 2020
24 High	$ 2.7360
24 Low	$ 2.6310

CAKE Price Prediction May 2024

The PancakeSwap price has displayed a significant price action since the year’s start, indicating increased price sentiments for the altcoin in the crypto space. However, the altcoin recorded a correction of 25.07% in valuation this year.

Moreover, the Cross EMA 50/200-day shows a bearish price action, suggesting a negative price sentiment for the altcoin in the coming time.

The MACD displays a constant green histogram, indicating a bullish sentiment for the altcoin in the crypto industry. Further, the averages continue to show a negative price sentiment, suggesting uncertainty in future price action.

Maintaining the price above the support level of $2.650 will set the stage for PancakeSwap price to attempt to test its upper resistance level of $4.020 in the upcoming weeks. Conversely, a bearish reversal could pull back the price to its support level of $2.010.

PancakeSwap 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 ascend to a maximum of $5.99 by the annual closure of 2024.

Contrastingly, the diminishing dominance of Defi’s could hinder its projection to the minimum of $2.40. Successively, the average price might settle at $4.15.

CAKE Token Price Prediction 2024 – 2030

PancakeSwap’s price for 2024 could range from $2.40 to $5.99.

PancakeSwap Price Prediction 2025

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 $7.12. 

On the contrary, if the bear market flips the uptrend. Then the possibility of the price plunging to as low as $4.12 rises. Concluding, the lack of impetus might land the price at $5.52.

CAKE Price Prediction 2026

According to our analysts, PancakeSwap price for the year 2026 could range between $6.63 to $8.46, and the average price of CAKE could be around $7.54.

Pancake Swap Price Prediction 2027

According to our analysts, CAKE’s prediction for the year 2027 could range between $7.66 to $9.39, and the average PancakeSwap coin price could be around $8.52.

CAKE Price Prediction 2028

According to our analysts, PancakeSwap’s forecast for the year 2028 could range between $8.89 to $10.94, and the average CAKE coin price could be around $9.91.

CAKE Crypto Price Prediction 2029

According to our analysts, CAKE predictions for the year 2029 could range between $10.02 to $13.89, and the average PancakeSwap price could be around $11.95.

PancakeSwap Price Prediction 2030

According to our analysts, CAKE predictions for the year 2030 could range between $12.58 to $16.01, and the average PancakeSwap price could be around $14.29.

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 $2.40, with a high of $5.99 and an average forecast price of $4.15.

Fundamental Analysis

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.

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 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.

Historical Market Sentiments 2018 – 2022

• PancakeSwap (CAKE) was first listed for $0.3492 in July 2018. By August, the price shot up to $0.198 per trade following the recession and closed at $0.0040 for the year.
• The price of CAKE was stuck between $0.0036 and $0.005 for 3 months in March 2019. As the bearish trend appeared, the price experienced a pullback to $0.0056 by April.
• As the rollercoaster ride began the value of crypto quickly dropped to $0.0028 by the end of October. The closing trade price of the crypto was $0.0056 per trade.
• The year started well as there was a constant rise in the graph, by February the price had reached $0.0082. 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, CAKE witnessed a 6X time jump in the value. Bringing the CAKE token price to $0.0082, but this was only the beginning as the value skyrocketed to $0.022 in July. The price managed to reach a closing trade price of $0.019 by the end of 2020.
• 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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