- Bullish CAKE price prediction ranges from $$5.545 to $5.815.
- CAKE price might also reach $8 this 2023.
- CAKE’s bearish market price prediction for 2023 is $0.985.
PancakeSwap (CAKE) is the most popular decentralized exchange on the BNB Chain. PancakeSwap allows you to trade directly from your wallet without using a centralized exchange. On this exchange, you can swap BEP-20 tokens, stake CAKE in Syrup Pools, lend and offer liquidity on the automated market maker (AMM), participate in IFOs (Initial Farm Offerings), engage in perpetual trading, and buy or sell NFTs via the NFT Marketplace.
If you are interested in the future of CAKE and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
Table of contents
- PancakeSwap (CAKE) Market Overview
- What is PancakeSwap (CAKE)?
- PancakeSwap (CAKE) Current Market Status
- PancakeSwap (CAKE) Price Analysis 2023
- PancakeSwap (CAKE) Price Prediction 2023-2030 Overview
- PancakeSwap (CAKE) Price Prediction 2023
- PancakeSwap (CAKE) Price Prediction 2024
- PancakeSwap (CAKE) Price Prediction 2025
- PancakeSwap (CAKE) Price Prediction 2026
- PancakeSwap (CAKE) Price Prediction 2027
- PancakeSwap (CAKE) Price Prediction 2028
- PancakeSwap (CAKE) Price Prediction 2029
- PancakeSwap (CAKE) Price Prediction 2030
- PancakeSwap (CAKE) Price Prediction 2040
- PancakeSwap (CAKE) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
PancakeSwap (CAKE) Market Overview
| 🪙 Name | PancakeSwap |
| 💱 Symbol | cake |
| 🏅 Rank | #116 |
| 💲 Price | $1.17 |
| 📊 Price Change (1h) | 0.07651 % |
| 📊 Price Change (24h) | 0.20926 % |
| 📊 Price Change (7d) | 2.1784 % |
| 💵 Market Cap | $266391770 |
| 📈 All Time High | $43.96 |
| 📉 All Time Low | $0.194441 |
| 💸 Circulating Supply | 226978572.884 cake |
| 💰 Total Supply | 398171116.207 cake |
What is PancakeSwap (CAKE)?
PancakeSwap defines itself as the Automated Market Maker (AMM), and claims it’s the “heart of PancakeSwap.” Moreover, PancakeSwap, a decentralized exchange, is considered an exchange with the highest trading volumes in the market on the BNB Smart Chain. The PancakeSwap Exchange provides many features for its users — swapping, trading, Liquidity Pools, yield farming, Initial Farm Offerings (IFOs), and more.
CAKE is the native utility token of PancakeSwap. Despite being native to the BNB Chain, CAKE is also a multichain token available on Ethereum as well as Aptos. As part of its plans, PancakeSwap plans to expand its presence to other blockchains, hence, further increasing the utility of CAKE tokens also.
Within the decentralized exchange, CAKE provides many features and utilities for its users — staking, liquidity provision, trading, farming, gaming, IFOs, NFTs, and more. However, it should be noted that CAKE’s features could continue to grow as PancakeSwap develops as time passes.
PancakeSwap (CAKE) Current Market Status
According to CoinMarketCap, Pancake Swap (CAKE) is hovering at $1.32 at the time of writing, with 222,011,549 CAKE in circulation. CAKE has a 24-hour trading volume of $11,473,875, with a 28.82% increase. And during 24 hours, the price of CAKE increased by 0.29%.
The double-digit fall observed in the trading volume could be caused by the excess number of sellers in the market. This could be further confirmed by TradingView’s market summary which showcases that CAKE might be experiencing a sell sentiment.
PancakeSwap (CAKE) Price Analysis 2023
Will developments and upgrades within the PancakeSwap drive the price of CAKE upwards? Could CAKE climb up and break the resistance level? Could it reach a new All-Time High over a short span of time?
PancakeSwap (CAKE) Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
Looking at the chart, the candlesticks are currently moving in a low-volatile market. The low volatile market condition happened after a significant drop below its Support level. The BBW also started to reduce as the CAKE entered the low-volatility market. Since the BBW moves horizontally, there could be a slight chance that the utility token could remain in the low-volatility market for a long time. The recent change in its momentum could be a minor bump that could retrace back to the low volatility sentiment trading.
PancakeSwap (CAKE) Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to decide when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
In the daily chart, the RSI crossed below the SMA and is currently residing in the oversold region. It could be expected that the price may experience a correction as observed in its previous sentiment. However, if the RSI crosses above the SMA, there may be a chance that CAKE could experience a bullish signal.
PancakeSwap (CAKE) Price Analysis – Moving Average Convergence Divergence (MACD)
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.
The red bars continue to be formed on the histogram of the MACD. Moreover, the MACD is below the signal line further confirming the bearish sentiment of the CAKE. If the red bars continue to form then there is a chance that CAKe may remain in the bearish sentiment for some time.
PancakeSwap (CAKE) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $1.012 | $3.56 | $6.17 |
| 2024 | $10.68 | $11.89 | $12.67 |
| 2025 | $14.82 | $15.36 | $16.78 |
| 2026 | $16.94 | $17.35 | $18.89 |
| 2027 | $22.67 | $23.85 | $24.34 |
| 2028 | $25.91 | $26.84 | $27.90 |
| 2029 | $28.58 | $29.71 | $30.34 |
| 2030 | $30.78 | $31.73 | $32.56 |
| 2040 | $52.14 | $53.68 | $54.88 |
| 2050 | $87.44 | $88.17 | $89.24 |
PancakeSwap (CAKE) Price Prediction 2023
The candlesticks are currently trading after making a significant fall earlier. This fall is making CAKE trading near its support zone. Any further fall below it could make CAKE reach another support level. The number of sellers is excess according to the Bull vs Bear Power. Meanwhile, the ADX continues to grow and could further reach the strong trend region. Finally, CAKE is also facing a bearish sentiment.
Meanwhile, the forecast for CAKE remains to be bullish and is expected to reach beyond the level of $6. The bearish price prediction for CAKE ranges from $1.012 to $0.0683. However, on the off chance, CAKE experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $10.
| Bullish Price Prediction | Bearish Price Prediction |
| $6.17 – $8.35 | $0.0683 – $1.012 |
PancakeSwap (CAKE) Price Prediction – Resistance and Support Levels
The candlesticks have fallen way below Resistance 1. Moreover, CAKE is trading critically near the Support level. If it continues to experience a bullish trend it has the potential to cross beyond the Resistance 1 region. An extremely bullish trend could push the altcoin beyond the resistance 2. Each resistance passed could become the new support level for CAKE.
PancakeSwap (CAKE) Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. CAKE could also be affected by Bitcoin halving and could trade beyond the price of $12 by the end of 2024.
PancakeSwap (CAKE) Price Prediction 2025
CAKE could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, CAKE will continue to rise in 2025 forming new resistance levels. It is expected that CAKE would trade beyond the $16 level.
PancakeSwap (CAKE) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, CAKE could tumble into its support region of $98. Moreover, when CAKE remains in the oversold region, there could be a price correction soon. CAKE, by the end of 2026, could be trading beyond the $18 resistance level after experiencing the price correction.
PancakeSwap (CAKE) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. CAKE is expected to rise after its slumber in the bear season. Moreover, CAKE could even break more resistance levels as it continues to recover from the bearish run. Therefore, CAKE is expected to trade at $24 by the end of 2027.
PancakeSwap (CAKE) Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, CAKE will continue to form new higher highs and is expected to move in an upward trajectory. Hence, CAKE would be trading at $27 after experiencing a massive surge by the end of 2028.
PancakeSwap (CAKE) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, CAKE could be trading at $30 by the end of 2029.
PancakeSwap (CAKE) Price Prediction 2030
After witnessing a bullish run in the market, CAKE and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, CAKE could be trading at $32.
PancakeSwap (CAKE) Price Prediction 2040
The long-term forecast for CAKE indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, CAKE may face a slight fall before starting its upward journey once again. It is expected that the price of CAKE could reach $54 by 2040.
| Minimum Price | Average Price | Maximum Price |
| 52.14 | 53.68 | 54.88 |
PancakeSwap (CAKE) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, CAKE could surpass the resistance level of $89.
| Minimum Price | Average Price | Maximum Price |
| 87.44 | 88.17 | 89.24 |
Conclusion
To summarize, if investors continue to show interest in CAKE and add these tokens to their portfolio, then, it could continue to rise up. CAKE’s bullish price prediction shows that it could pass beyond the $6 level. Moreover, CAKE could surpass the $89 level by the end of 2050.
FAQ
PancakeSwap defines itself as the Automated Market Maker (AMM), and claims it’s the “heart of PancakeSwap.” Moreover, PancakeSwap, a decentralized exchange, is considered an exchange with the highest trading volumes in the market on the BNB Smart Chain.
CAKE can be traded on many exchanges like other digital assets in the crypto world. Binance, KuCoin, Huobi, WazirX, and Gate.io are currently popular exchanges for trading CAKE.
CAKE achieved its all-time high of $44.18 in 2021.
If investors continue to add CAKE into their portfolio, then, CAKE has the potential to trade beyond the level of $50 by 2040.
CAKE’s unique features as a decentralized exchange are a unique selling point compared to other cryptocurrencies. Moreover, the rising demand for decentralization could drive the prices of CAKE upwards.
The lowest CAKE price is $0.0002318, attained on September 29, 2020, according to CoinMarketCap.
CAKE was launched in September 2020.
PancakeSwap was co-founded by the pseudonymous Chef Hops.
The maximum supply of CAKE is 750,000,000 CAKE
CAKE can be stored in a cold wallet, hot wallet, or exchange wallet.
CAKE is expected to reach $6 in 2023.
CAKE is expected to reach $12 in 2024.
CAKE is expected to reach $16 in 2025.
CAKE is expected to reach $18 in 2026.
CAKE is expected to reach $24 in 2027.
CAKE is expected to reach $27 in 2028.
CAKE is expected to reach $30 in 2029.
CAKE is expected to reach $32 in 2030.
CAKE is expected to reach $54 in 2040.
CAKE is expected to reach $89 in 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
