The decentralized financial instruments (DeFi) space is developing at a rapid pace, and new tools for working with DeFi tokens and trading platforms keep on emerging. PancakeSwap, with its native cryptocurrency, CAKE, is one of the fastest-growing DeFi projects. Today, we discuss the market sentiments concerning this new project and its token and take a closer look at the trading prospects of this digital asset.
PancakeSwap (CAKE) Overview
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- Our real-time CAKE to USD price update shows the current Pancakeswap price as $1.880208 USD.
- Our most recent Pancakeswap price forecast indicates that its value will increase by 4.67% and reach $1.968050 by October 08, 2024.
- Our technical indicators signal about the Neutral Bullish 62% market sentiment on Pancakeswap, while the Fear & Greed Index is displaying a score of 50 (Neutral).
- Over the last 30 days, Pancakeswap has had 18/30 (60%) green days and 8.60% price volatility.
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Pancakeswap (CAKE) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
On the four-hour chart, PancakeSwap is bearish. The 50-day moving average is falling, suggesting a weakening short-term trend. Meanwhile, the 200-day moving average has been rising since 03/10/2024, indicating a strong longer-term trend.
In the daily chart, PancakeSwap is bullish. The 50-day moving average, currently below the price, is rising, which might support future price movements. The 200-day moving average has been falling since 08/09/2024, showing long-term weakness.
On the weekly timeframe, PancakeSwap appears bullish. The 50-day moving average is above the price and rising, potentially acting as resistance. The 200-day moving average, rising since 24/03/2024, supports a sustained trend.
Pancakeswap (CAKE) Price Prediction For Today, Tomorrow and Next 30 Days
| Date | Price | Change |
|---|---|---|
| October 07, 2024 | $1.874451 | -0.31% |
| October 08, 2024 | $1.969407 | 4.74% |
| October 09, 2024 | $1.968050 | 4.67% |
| October 10, 2024 | $1.97691 | 5.14% |
| October 11, 2024 | $2.01 | 6.9% |
| October 12, 2024 | $2.01 | 6.9% |
| October 13, 2024 | $1.991055 | 5.9% |
PancakeSwap Prediction Table
2024
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2026
2027
2028
2029
2030
2031
2032
2033
2040
2050
| October | $1.87 | $1.95 | $2.02 | |
| November | $1.85 | $1.94 | $2.02 | |
| December | $1.86 | $1.91 | $1.95 | |
| All Time | $1.86 | $1.93 | $2 |
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PancakeSwap Historical
According to the latest data gathered, the current price of PancakeSwap is $2.92, and CAKE is presently ranked No. 102 in the entire crypto ecosystem. The circulation supply of PancakeSwap is $764,035,401.40, with a market cap of 261,841,958 CAKE.
In the past 24 hours, the crypto has increased by $0.11 in its current value.
For the last 7 days, CAKE has been in a good upward trend, thus increasing by 16.28%. PancakeSwap has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of CAKE has increased by 4.32%, adding a colossal average amount of $0.13 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
PancakeSwap Price Prediction 2024
According to the technical analysis of PancakeSwap prices expected in 2024, the minimum cost of PancakeSwap will be $1.85. The maximum level that the CAKE price can reach is $1.94. The average trading price is expected around $2.02.
October 2024: PancakeSwap Price Forecast
In the middle of autumn 2024, the PancakeSwap cost will be traded at the average level of $1.95. Crypto analysts expect that in October 2024, the CAKE price might fluctuate between $1.87 and $2.02.
CAKE Price Forecast for November 2024
Market experts expect that in November 2024, the PancakeSwap value will not drop below a minimum of $1.85. The maximum peak expected this month is $2.02. The estimated average trading value will be at the level of $1.94.
December 2024: PancakeSwap Price Forecast
Cryptocurrency experts have carefully analyzed the range of CAKE prices throughout 2024. For December 2024, their forecast is the following: the maximum trading value of PancakeSwap will be around $1.95, with a possibility of dropping to a minimum of $1.86. In December 2024, the average cost will be $1.91.
PancakeSwap Price Prediction 2025
After the analysis of the prices of PancakeSwap in previous years, it is assumed that in 2025, the minimum price of PancakeSwap will be around $1.93. The maximum expected CAKE price may be around $3.01. On average, the trading price might be $4.09 in 2025.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $1.86 | $2.19 | $2.03 |
| February 2025 | $1.86 | $2.37 | $2.12 |
| March 2025 | $1.87 | $2.54 | $2.21 |
| April 2025 | $1.88 | $2.71 | $2.30 |
| May 2025 | $1.88 | $2.88 | $2.39 |
| June 2025 | $1.89 | $3.06 | $2.48 |
| July 2025 | $1.90 | $3.23 | $2.56 |
| August 2025 | $1.90 | $3.40 | $2.65 |
| September 2025 | $1.91 | $3.57 | $2.74 |
| October 2025 | $1.92 | $3.75 | $2.83 |
| November 2025 | $1.92 | $3.92 | $2.92 |
| December 2025 | $1.93 | $4.09 | $3.01 |
PancakeSwap Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of PancakeSwap, in 2026, CAKE is expected to have the following minimum and maximum prices: about $5.81 and $6.83, respectively. The average expected trading cost is $5.97.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2026 | $2.25 | $4.25 | $3.33 |
| February 2026 | $2.58 | $4.40 | $3.65 |
| March 2026 | $2.90 | $4.56 | $3.97 |
| April 2026 | $3.22 | $4.72 | $4.28 |
| May 2026 | $3.55 | $4.87 | $4.60 |
| June 2026 | $3.87 | $5.03 | $4.92 |
| July 2026 | $4.19 | $5.19 | $5.24 |
| August 2026 | $4.52 | $5.34 | $5.56 |
| September 2026 | $4.84 | $5.50 | $5.88 |
| October 2026 | $5.16 | $5.66 | $6.19 |
| November 2026 | $5.49 | $5.81 | $6.51 |
| December 2026 | $5.81 | $5.97 | $6.83 |
PancakeSwap Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of PancakeSwap and their fluctuations during the previous years. It is assumed that in 2027, the minimum CAKE price might drop to $8.62, while its maximum can reach $10.07. On average, the trading cost will be around $8.92.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2027 | $6.04 | $6.22 | $7.10 |
| February 2027 | $6.28 | $6.46 | $7.37 |
| March 2027 | $6.51 | $6.71 | $7.64 |
| April 2027 | $6.75 | $6.95 | $7.91 |
| May 2027 | $6.98 | $7.20 | $8.18 |
| June 2027 | $7.22 | $7.45 | $8.45 |
| July 2027 | $7.45 | $7.69 | $8.72 |
| August 2027 | $7.68 | $7.94 | $8.99 |
| September 2027 | $7.92 | $8.18 | $9.26 |
| October 2027 | $8.15 | $8.43 | $9.53 |
| November 2027 | $8.39 | $8.67 | $9.80 |
| December 2027 | $8.62 | $8.92 | $10.07 |
PancakeSwap Price Prediction 2028
Based on the analysis of the costs of PancakeSwap by crypto experts, the following maximum and minimum CAKE prices are expected in 2028: $14.77 and $12.73. On average, it will be traded at $13.09.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2028 | $8.96 | $9.27 | $10.46 |
| February 2028 | $9.31 | $9.62 | $10.85 |
| March 2028 | $9.65 | $9.96 | $11.25 |
| April 2028 | $9.99 | $10.31 | $11.64 |
| May 2028 | $10.33 | $10.66 | $12.03 |
| June 2028 | $10.68 | $11.01 | $12.42 |
| July 2028 | $11.02 | $11.35 | $12.81 |
| August 2028 | $11.36 | $11.70 | $13.20 |
| September 2028 | $11.70 | $12.05 | $13.60 |
| October 2028 | $12.05 | $12.40 | $13.99 |
| November 2028 | $12.39 | $12.74 | $14.38 |
| December 2028 | $12.73 | $13.09 | $14.77 |
PancakeSwap Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of PancakeSwap. Based on their predictions, the estimated average CAKE price will be around $18.84. It might drop to a minimum of $18.18, but it still might reach $21.76 throughout 2029.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2029 | $13.18 | $13.57 | $15.35 |
| February 2029 | $13.64 | $14.05 | $15.94 |
| March 2029 | $14.09 | $14.53 | $16.52 |
| April 2029 | $14.55 | $15.01 | $17.10 |
| May 2029 | $15 | $15.49 | $17.68 |
| June 2029 | $15.46 | $15.97 | $18.27 |
| July 2029 | $15.91 | $16.44 | $18.85 |
| August 2029 | $16.36 | $16.92 | $19.43 |
| September 2029 | $16.82 | $17.40 | $20.01 |
| October 2029 | $17.27 | $17.88 | $20.60 |
| November 2029 | $17.73 | $18.36 | $21.18 |
| December 2029 | $18.18 | $18.84 | $21.76 |
PancakeSwap Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of PancakeSwap. It is estimated that CAKE will be traded between $27.70 and $32.28 in 2030. Its average cost is expected at around $28.46 during the year.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2030 | $18.97 | $19.64 | $22.64 |
| February 2030 | $19.77 | $20.44 | $23.51 |
| March 2030 | $20.56 | $21.25 | $24.39 |
| April 2030 | $21.35 | $22.05 | $25.27 |
| May 2030 | $22.15 | $22.85 | $26.14 |
| June 2030 | $22.94 | $23.65 | $27.02 |
| July 2030 | $23.73 | $24.45 | $27.90 |
| August 2030 | $24.53 | $25.25 | $28.77 |
| September 2030 | $25.32 | $26.06 | $29.65 |
| October 2030 | $26.11 | $26.86 | $30.53 |
| November 2030 | $26.91 | $27.66 | $31.40 |
| December 2030 | $27.70 | $28.46 | $32.28 |
PancakeSwap Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the PancakeSwap’s price. The year 2031 will be determined by the maximum CAKE price of $48.04. However, its rate might drop to around $40.61. So, the expected average trading price is $41.75.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2031 | $28.78 | $29.57 | $33.59 |
| February 2031 | $29.85 | $30.68 | $34.91 |
| March 2031 | $30.93 | $31.78 | $36.22 |
| April 2031 | $32 | $32.89 | $37.53 |
| May 2031 | $33.08 | $34 | $38.85 |
| June 2031 | $34.16 | $35.11 | $40.16 |
| July 2031 | $35.23 | $36.21 | $41.47 |
| August 2031 | $36.31 | $37.32 | $42.79 |
| September 2031 | $37.38 | $38.43 | $44.10 |
| October 2031 | $38.46 | $39.54 | $45.41 |
| November 2031 | $39.53 | $40.64 | $46.73 |
| December 2031 | $40.61 | $41.75 | $48.04 |
PancakeSwap Price Prediction 2032
After years of analysis of the PancakeSwap price, crypto experts are ready to provide their CAKE cost estimation for 2032. It will be traded for at least $64.51, with the possible maximum peaks at $71.19. Therefore, on average, you can expect the CAKE price to be around $66.18 in 2032.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2032 | $42.60 | $43.79 | $49.97 |
| February 2032 | $44.59 | $45.82 | $51.90 |
| March 2032 | $46.59 | $47.86 | $53.83 |
| April 2032 | $48.58 | $49.89 | $55.76 |
| May 2032 | $50.57 | $51.93 | $57.69 |
| June 2032 | $52.56 | $53.97 | $59.62 |
| July 2032 | $54.55 | $56 | $61.54 |
| August 2032 | $56.54 | $58.04 | $63.47 |
| September 2032 | $58.54 | $60.07 | $65.40 |
| October 2032 | $60.53 | $62.11 | $67.33 |
| November 2032 | $62.52 | $64.14 | $69.26 |
| December 2032 | $64.51 | $66.18 | $71.19 |
PancakeSwap Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the PancakeSwap’s price. The year 2033 will be determined by the maximum CAKE price of $110.25. However, its rate might drop to around $94.46. So, the expected average trading price is $97.10.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2033 | $67.01 | $68.76 | $74.45 |
| February 2033 | $69.50 | $71.33 | $77.70 |
| March 2033 | $72 | $73.91 | $80.96 |
| April 2033 | $74.49 | $76.49 | $84.21 |
| May 2033 | $76.99 | $79.06 | $87.47 |
| June 2033 | $79.49 | $81.64 | $90.72 |
| July 2033 | $81.98 | $84.22 | $93.98 |
| August 2033 | $84.48 | $86.79 | $97.23 |
| September 2033 | $86.97 | $89.37 | $100.49 |
| October 2033 | $89.47 | $91.95 | $103.74 |
| November 2033 | $91.96 | $94.52 | $107 |
| December 2033 | $94.46 | $97.10 | $110.25 |
PancakeSwap Price Prediction 2040
Cryptocurrency analysts are ready to announce their estimations of the PancakeSwap’s price. The year 2040 will be determined by the maximum CAKE price of $2,003. However, its rate might drop to around $1,610. So, the expected average trading price is $1,740.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2040 | $220.76 | $234.01 | $267.98 |
| February 2040 | $347.05 | $370.92 | $425.71 |
| March 2040 | $473.35 | $507.83 | $583.44 |
| April 2040 | $599.64 | $644.73 | $741.17 |
| May 2040 | $725.94 | $781.64 | $898.90 |
| June 2040 | $852.23 | $918.55 | $1,056.63 |
| July 2040 | $978.53 | $1,055.46 | $1,214.35 |
| August 2040 | $1,104.82 | $1,192.37 | $1,372.08 |
| September 2040 | $1,231.12 | $1,329.28 | $1,529.81 |
| October 2040 | $1,357.41 | $1,466.18 | $1,687.54 |
| November 2040 | $1,483.71 | $1,603.09 | $1,845.27 |
| December 2040 | $1,610 | $1,740 | $2,003 |
PancakeSwap Price Prediction 2050
Cryptocurrency analysts are ready to announce their estimations of the PancakeSwap’s price. The year 2050 will be determined by the maximum CAKE price of $2,651. However, its rate might drop to around $2,300. So, the expected average trading price is $2,435.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2050 | $1,667.50 | $1,797.92 | $2,057 |
| February 2050 | $1,725 | $1,855.83 | $2,111 |
| March 2050 | $1,782.50 | $1,913.75 | $2,165 |
| April 2050 | $1,840 | $1,971.67 | $2,219 |
| May 2050 | $1,897.50 | $2,029.58 | $2,273 |
| June 2050 | $1,955 | $2,087.50 | $2,327 |
| July 2050 | $2,012.50 | $2,145.42 | $2,381 |
| August 2050 | $2,070 | $2,203.33 | $2,435 |
| September 2050 | $2,127.50 | $2,261.25 | $2,489 |
| October 2050 | $2,185 | $2,319.17 | $2,543 |
| November 2050 | $2,242.50 | $2,377.08 | $2,597 |
| December 2050 | $2,300 | $2,435 | $2,651 |
How Does PancakeSwap Work?
PancakeSwap is a non-custodial Binance Smart Chain (BSC) platform for crypto exchange and profitable farming using BEP-20 tokens. The project has its CAKE token and is analogous to Uniswap and SushiSwap. However, unlike these Ethereum-based exchanges, PancakeSwap has faster transactions and lower fees than Ethereum.
The PancakeSwap network was launched on September 20, 2020, by unknown developers with the support of Binance. In February 2021, PancakeSwap became one of the largest exchanges in the DeFi segment in terms of trading volume.
The PancakeSwap platform, to some extent, solves the problem of cryptocurrency liquidity in the DeFi segment. Most projects in the DeFi segment do not offer comprehensive services, while PancakeSwap supports all possible segment solutions. The platform is positioned as a decentralized exchange with cryptocurrency markets that are created by the network’s participants. These markets provide decentralized liquidity through profitable farming and commission payments to depositors.
The PancakeSwap digital system uses a decentralized management method through the CAKE token holders. Proposals for tokenomics or changes in the protocol’s operation are made collectively through a public vote. This approach creates a healthy decentralized environment where every CAKE holder is a community member.
Below, you can find a video review of the PancakeSwap network and its native token, CAKE.
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments. Below, we share common crypto enthusiasts’ opinions about the future trading opportunities of CAKE. All the data is provided by the cryptocurrency analytical source TradingView
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PancakeSwap (CAKE) Price Predictions for 2022 by Experts
Experts seem to have different opinions on the future of the PancakeSwap (CAKE) price. The CAKE technical analysis from TradingView currently gives the token a “Sell” signal within a month and predicts that we may see its price drop in the near future.
Considering the fact that the current market sentiment for CAKE is rather bearish, crypto analysts do not think that its price will change significantly in 2022 — it is likely that we will see a drop in PancakeSwap’s price in the next few months.
WalletInvestor
Following WalletInvestor’s predictions, the CAKE price might not change significantly in 2022. It might reach only the $13.3 level. According to the price forecast, the token may experience gradual growth. Thus, in 2024, the future price of one PancakeSwap token might equal $25.52. In 2025, the digital asset might be worth $45.67.
Government Capital
The crypto experts from the Government Capital source believe that by 2023, the PancakeSwap cryptocurrency’s exchange rate could gradually decrease after the upward trend in 2022. By the middle of 2023, the digital asset’s price may touch a level of $30.
TradingBeasts
The TradingBeasts source supposes that CAKE’s price might equal $33 by the end of 2022. In 2023, the price might slightly go up to $40. By 2025, the PancakeSwap token’s price may touch the level of $77.
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Why Is the Price of PancakeSwap (CAKE) Rising?
The price of PancakeSwap (CAKE) is strongly influenced by the magnitude of recognition from individuals and exchanges. Thus, it might cause positive growth in the coming years. However, the price of CAKE may be affected by the general price movement of Bitcoin.
Is PancakeSwap a Good Investment?
Please keep in mind that the cryptocurrency market is incredibly unpredictable, and absolutely anything can happen. Crypto price forecasts should be regarded as general guidelines on the future of a particular cryptocurrency. Please remember to do your own research (DYOR) before investing. As of now, CAKE might be seen as a good investment.
Where Can I Buy PancakeSwap (CAKE)?
If you plan to buy some PancakeSwap (CAKE), an instant crypto exchange Changelly is the perfect option. Our platform allows purchasing CAKE with a bank card swiftly and safely. In case of any questions, do not hesitate to contact our Support Center!
Will CAKE Reach $100?
CAKE’s price is unlikely to hit $100 any time soon or at all. However, it is still possible due to the high volatility of the crypto market.
Can You Mine CAKE?
PancakeSwap farms are the initial pools of liquidity that allow you to earn CAKE. To farm the asset, you need to activate the Binance Smart Chain wallet. Detailed information is provided on the official website of the project.
What Is PancakeSwap (CAKE) Used for?
The main function of CAKE is to provide liquidity to the exchange. Providers receive a CAKE token from each new block of liquidity pools. This is possible due to unlimited emission. However, the developers are gradually reducing the CAKE block reward and adjusting emissions.
Can You Use PancakeSwap in the US?
Yes, you can! The US residents can now access PancakeSwap and use all its functions to earn profit.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
