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PancakeSwap Price Prediction: Is PancakeSwap a Good Investment?

During the last year of DeFi boom many projects came out to the light, though none of them could overperform PancakeSwap. The combination of the features and advantages the platform offers made it one of the most popular exchanges. Read our CAKE Price Prediction to see what is happening with the PancakeSwap native crypto.

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PancakeSwap Fundamental Analysis

Project name
PancakeSwap
Stock Symbol
CAKE
Current Price
4.01
Current Supply
161750738.1549344

PancakeSwap is a popular decentralized open-source platform for crypto trading with the biggest ever number of users, that have entrusted it with over $12 billion in funds. The platform allows trading any assets on Binance Smart Chain right after connecting the wallet. It was launched in September 2020 by the anonymous team. In less than a year it became the dominant DEX on Binance Smart Chain. 

PancakeSwap is also an automated market maker and a decentralized finance application providing liquidity via farming and earning fees in return. As an automated market maker PancakeSwap doesn’t have order books, bid system, limit, and market orders. Users trade against the liquidity pool. The users deposit their funds, thus filling the liquidity pool and receiving the liquidity provider tokens as a reward. On the farm, users can deposit LP tokens and receive rewards in CAKE. 

The platform offers a wide variety of features and can be considered a complete DeFi ecosystem. It can be accessed through one of the supported Web3 wallets, for example, Wallet Connect or TrustWallet. 

PancakeSwap is funded by the Treasury wallet, where 15% of all the generated fees is allocated. According to the official documents, the funds can be used for any purposes related to the project development and the maintenance of the platform. 

The platform is powered by the native utility token — CAKE. It is a BEP-20 token and was initially launched on Binance Smart Chain. CAKE is used across the ecosystem for yield farming, staking, platform governance through its own governance portal, and participation in the PancakeSwap lottery.

The supply of CAKE tokens is not hard-capped and theoretically is unlimited. The team plans to burn the tokens regularly to make deflation higher than emission. The coin is avialable on the major centralized and decentralized exchanges.

PancakeSwap Live Price Chart

In 2021 CAKE token was gaining value from the very beginning of the year. Following the bullish trends of the crypto market, it hit an all-time high of $44.18 on April 30. Till the end of May, the price was under the correction and reached $15.74.

After that, along with the main cryptocurrencies CAKE price chart started to decline even more. In two months (from the end of May till the end of July) token lost around 50% of its price. CAKE started to recover from July 28 and by August 26 reached the price of $26. 

After the market correction, the asset stabilized the price around the level of $19. Unlike most of the crypto that skyrocketed in September-October, CAKE was continuously losing in value. In mid-November, the coin was traded for $11.6. In a month CAKE gained some value with the price reaching $13, but from the end of 2021, the price chart started to decline again. During the last week, the token fell to $8, which is far below its ATH. 

Most of the experts see the bearish tendencies in the CAKE price chart and expect tokens to lose in price even more. But most of the agreement that in a long prospective the coin has chances to recover and even increase in price. 

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PancakeSwap Technical Analysis

Despite the fact that 100% accurate technical analysis for PancakeSwap cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated CAKE buy-and-sell rating for selected timeframe. The summary for CAKE/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

PancakeSwap Price Prediction

Below we have collected the most reliable price projections for PancakeSwap (CAKE) from popular forecast platforms.

PancakeSwap Price Prediction for 2022

As of PancakeSwap price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $7.1378, and WalletInvestor echoes with ~$7.9799 by the year’s end. Other experts, for example, from PricePrediction.net, are more pessimistic about PancakeSwap’s future price, citing numbers downwards of $0.2005 in December.
Potential ROI: 27% Buy

PancakeSwap Price Prediction for 2023

In their PancakeSwap price predictions for 2023, WalletInvestor’s forecasts the coin’s price to go above $6.8571 by December. Forecasting PancakeSwap's future, TradingBeast expects further growth, too, saying the PancakeSwap price will reach ~$8.137092 by that time. On the contrary, PricePrediction.net keeps predicting PancakeSwap price decline, quoting prices around ~$0.3609 in 2023.
Potential ROI: 28% Buy

PancakeSwap Price Prediction for 2024

PancakeSwap price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $6.0952–$7.2581 range (WalletInvestor, PricePrediction.net), while TradingBeast takes a different view and cites the possibility of the price reaching $1.301935 in December 2024.
Potential ROI: 22% Buy

PancakeSwap Price Prediction for 2025

WalletInvestor has only pessimism in store for the 2025 PancakeSwap price prediction, valuing PancakeSwap at $1.7243 by the end of 2025. TradingBeast agrees with a negative forecast and predicts, in turn, $0.286426 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their PancakeSwap price prediction for December of this year is just $4.0902.
Potential ROI: -49% Sell

PancakeSwap Price Prediction for 2030

Most experts are expecting a bleak future for PancakeSwap: long-term PancakeSwap price predictions promise significant decline by 2030. WalletInvestor predicts the price to reach $3.3684, while PricePrediction.net goes down for $1.0827. TradingBeast also puts not so big hopes on PancakeSwap in the long term: its PancakeSwap prediction for 2030 is $0.501245.
Potential ROI: -59% Sell
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Summary

As it can be clear from the analysis cited above, PancakeSwap (CAKE) projections are rather contradictory. There is no universal consensus either about positive or negative future CAKE price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the PancakeSwap projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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