• Bullish PancakeSwap (CAKE) price prediction ranges from $3.221 to $7.

  • Analysis suggests that the CAKE price might reach above $10 soon.

  • CAKE’s bearish market price prediction for 2023 is $3.21.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. PancakeSwap (CAKE) is one of them.

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)?

  • Analysts Views on PancakeSwap (CAKE)

  • PancakeSwap (CAKE) Current Market Status

  • PancakeSwap (CAKE) Price Analysis 2023

    • PancakeSwap (CAKE) Price Analysis – Keltner Channel

    • PancakeSwap (CAKE) Price Analysis – Relative Strength Index

    • PancakeSwap (CAKE) Price Analysis – Moving Average

  • PancakeSwap (CAKE) Price Prediction 2023

    • PancakeSwap (CAKE) Price Prediction – Resistance and Support Levels

  • 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 #71 Price $3.92 Price Change (1h) -0.06449 % Price Change (24h) -6.89221 % Price Change (7d) -11.43585 % Market Cap $652184979 All Time High $43.96 All Time Low $0.194441 Circulating Supply 166603320.645 cake Total Supply 366858289.873 cake

What Is PancakeSwap (CAKE)?

PancakeSwap is a decentralized finance application that allows users to trade tokens while generating liquidity through farming and earning fees. It is a decentralized exchange for trading BEP20 tokens on Binance Smart Chain. PancakeSwap utilizes an automated market maker concept in which customers trade against a liquidity pool. These pools are populated by users who deposit funds into the pool in exchange for liquidity provider (LP) tokens.

PancakeSwap also allows users to farm extra tokens such as CAKE and SYRUP. Users can deposit LP tokens on the farm and receive CAKE as a reward. PancakeSwap enables users to trade BEP20 tokens, providing liquidity to the exchange and earning fees, staking LP tokens to create CAKE, staking CAKE to make more CAKE, and staking CAKE to acquire tokens from other projects.

PancakeSwap operates on an automated market maker approach, which means there are no order books, and relies on liquidity pools instead. Users can farm LP tokens and stake their CAKE to win rewards by adding their tokens to the liquidity pool. They can also gamble using lotteries and non-fungible tokens.

On PancakeSwap, users can use CAKE to enter a lottery. Each lottery session has a six-hour duration. A single ticket costs 10 CAKE and contains a random combination of four numbers ranging from 1 to 14; like the jackpot, which is equivalent to 50% of the total lottery pool, the numbers on your ticket must match all four winning numbers.

Users can also earn non-fungible tokens, which they can exchange for CAKE or keep in their wallet. PancakeSwap can be safely held in wallets linked to the Binance Smart Chain. MetaMask, TrustWallet, TokenPocket, and WalletConnect are among them.

Analysts Views on PancakeSwap (CAKE)

According to the analysis of the crypto analyst, the price of $CAKE has encountered a decline and encountered an order block at the previously identified level of 4.109.

$CAKE/USDT [UPDATE]Price pushed back to clear liquidity above after the order block mitigation.$CAKE fell and tap into the order block level below around 4.109 as analyzed previously.We made 124% profit on the short trade.https://t.co/JthxpLYCMt pic.twitter.com/s55Xgep3kT

— GEM INSIDER (@gem_insider) February 13, 2023

Also a tweet mentioning many tokens of CAKES are being burnt, hoping a bullish momentum ahead for CAKE.

7,031,494 $CAKE just burned – that’s $29M! #reddit #CAKE #PancakeSwap #crypto https://t.co/yaoQW9Aa5p

— offthebooks.crypto (@x3tko) February 13, 2023

PancakeSwap (CAKE) Current Market Status

According to CoinMarketCap, Pancake Swap (CAKE) is hovering at $3.94 at the time of writing, with a total of 166,375,370 CAKE in circulation. CAKE has a 24-hour trading volume of $71,385,387, with a 124% increase. And during 24 hours, the price of CAKE decreased by 5.55%. 

The most popular exchanges to trade Pancake Swap (CAKE) are Binance, BTCEX, ByBit, BingX, and MEXC. Let’s continue with our CAKE price research for 2023.

PancakeSwap (CAKE) Price Analysis 2023

Currently, CAKE ranks 67th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will CAKE’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s CAKE price forecast.

PancakeSwap (CAKE) Price Analysis – Keltner Channel

CAKE/USDT 1-Hour Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Pancake Swap (CAKE) can be predicted using the Keltner Channel indications for CAKE/USDT. The price is in the second half of the channel, meaning that people are selling CAKE rather than buying. Even after establishing a new trend, it is often smart to wait for a downturn or a better entry point to improve the reward-to-risk ratio.

PancakeSwap (CAKE) Price Analysis – Relative Strength Index

CAKE/USDT 1-Hour Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Hour chart is 27.62. RSI below 50 indicates that people are selling Pancake Swap, hoping it will break out of the current turbulence and go bearish.

PancakeSwap (CAKE) Price Analysis – Moving Average

CAKE/USDT 1-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is an hourly chart of Pancake Swap (CAKE) 200-day and 50-day Moving Averages (MAs). Looking at the chart above, CAKE is in a bear trend. The CAKE 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. Since the candlesticks are below 200-day MA, we can observe that the selling pressure is still going on and unable to reverse the trend.

PancakeSwap (CAKE) Price Prediction 2023

CAKE/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of CAKE/USDT, the CAKE price was swinging from $5.845 to $3.127 after going to its lowest point at $3.127. Bouncing back from the support level, CAKE is fluctuating near the 200-day moving average. We can expect the market to rise above the high from the 200-day moving average and rise toward the primary resistance.

Meanwhile, our long-term CAKE price prediction for 2023 is bullish since it cannot break the support level. We can expect CAKE to reach $5.514 this year. 

Month Minimum Price Average Price Maximum Price January 2023 4.6076 4.6310 4.6564 February 2023 4.6603 4.6837 4.7091 March 2023 4.7677 4.7911 4.8165 April 2023 4.8329 4.8563 4.8817 May 2023 4.8855 4.9089 4.9343 June 2023 4.9596 4.9830 5.0084 July 2023 5.0161 5.0395 5.0649 August 2023 5.1236 5.1470 5.1724 September 2023 5.1888 5.2122 5.2376 October 2023 5.2414 5.2648 5.2902 November 2023 5.3288 5.3522 5.3776 December 2023 5.4815 5.5049 5.5303

PancakeSwap (CAKE) Price Prediction – Resistance and Support Levels

CAKE/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of CAKE has increased in the past few months.

Moreover, the price of CAKE has been down by 5.62% in the past 24 hours after a slight increase during the week. If this continues, CAKE might keep running bulls, breaking its current resistance level and eventually moving higher to $5.219.

If CAKE cannot break the $4.509 EMA-200 level, the bears may seize control and dethrone CAKE to a downtrend stance. In simple terms, the price of CAKE might fall to almost $3.211, indicating a negative signal from the previous support level.

PancakeSwap (CAKE) Price Prediction 2024

The cryptocurrency market is known to repeat history, and most cryptocurrencies follow the Bitcoin trend. With 2024 as the year of the Bitcoin halving, there will be many sentiments toward the market, which is always bullish. We can expect the price of Pancake Swap (CAKE) to react positively to the news and trade at around $6 by the end of 2024.

Month Minimum Price Average Price Maximum Price January 2024 5.5130 5.5364 5.5618 February 2024 5.5657 5.5891 5.6145 March 2024 5.6731 5.6965 5.7219 April 2024 5.7383 5.7617 5.7871 May 2024 5.7909 5.8143 5.8397 June 2024 5.8650 5.8884 5.9138 July 2024 5.9215 5.9449 5.9703 August 2024 6.0290 6.0524 6.0778 September 2024 6.0942 6.1176 6.1430 October 2024 6.1468 6.1702 6.1956 November 2024 6.2342 6.2576 6.2830 December 2024 6.3869 6.4103 6.4357

PancakeSwap (CAKE) Price Prediction 2025

The effect of any Bitcoin correction is experienced in the following year from recent history. If CAKE ends in 2024 for $12 or more, we can expect the price of CAKE to grow in 2025. This could make CAKE trade at $17 or more in 2025, considering investors will be bullish.

Month Minimum Price Average Price Maximum Price January 2025 6.5130 6.5364 6.5618 February 2025 6.6657 6.6891 6.7145 March 2025 6.7731 6.7965 6.8219 April 2025 6.9383 6.9617 6.9871 May 2025 7.0909 7.1143 7.1397 June 2025 7.1983 7.2217 7.2471 July 2025 7.3635 7.3869 7.4123 August 2025 7.5162 7.5396 7.5650 September 2025 7.6236 7.6470 7.6724 October 2025 7.7888 7.8122 7.8376 November 2025 7.9415 7.9649 7.9903 December 2025 8.0489 8.0723 8.0977

PancakeSwap (CAKE) Price Prediction 2026

With the rise in cryptocurrency adoption in the mainstream, we can expect a possible market reversal in 2026 to have little impact on the recent gains in the price of CAKE. Hence, Pancake Swap could end in 2026 at around $12.15 or more. 

Month Minimum Price Average Price Maximum Price January 2026 8.1766 8.2000 8.2254 February 2026 8.3293 8.3527 8.3781 March 2026 8.5367 8.5601 8.5855 April 2026 9.1888 9.2122 9.2376 May 2026 9.7153 9.7387 9.7641 June 2026 9.9227 9.9461 9.9715 July 2026 10.5748 10.5982 10.6236 August 2026 11.1013 11.1247 11.1501 September 2026 11.3087 11.3321 11.3575 October 2026 11.6739 11.6973 11.7227 November 2026 11.9266 11.9500 11.9754 December 2026 12.1340 12.1574 12.1828

PancakeSwap (CAKE) Price Prediction 2027

The most bearish market is followed by market consolidation in the next year. If the year 2026 turns out to be bearish for CAKE, we could expect the market to stabilize in 2027 and even trade higher. Hence, it is possible to see CAKE trade at around $19.56 in 2027.

Month Minimum Price Average Price Maximum Price January 2027 12.6766 12.7000 12.7254 February 2027 13.2031 13.2265 13.2519 March 2027 13.9441 13.9675 13.9929 April 2027 14.5962 14.6196 14.6450 May 2027 15.1227 15.1461 15.1715 June 2027 15.8637 15.8871 15.9125 July 2027 16.5158 16.5392 16.5646 August 2027 17.0424 17.0658 17.0912 September 2027 17.7834 17.8068 17.8322 October 2027 18.1486 18.1720 18.1974 November 2027 18.8007 18.8241 18.8495 December 2027 19.5417 19.5651 19.5905

PancakeSwap (CAKE) Price Prediction 2028

Pancake Swap has a high possibility of trading above its 2025 price prediction of $79 in 2028 due to the Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure could be seen in the market, which will make CAKE trade at around $26.625 in 2028.

Month Minimum Price Average Price Maximum Price January 2028 19.7366 19.7600 19.7854 February 2028 20.2631 20.2865 20.3119 March 2028 21.0041 21.0275 21.0529 April 2028 21.6562 21.6796 21.7050 May 2028 22.1827 22.2061 22.2315 June 2028 22.9237 22.9471 22.9725 July 2028 23.5758 23.5992 23.6246 August 2028 24.1024 24.1258 24.1512 September 2028 24.8434 24.8668 24.8922 October 2028 25.2086 25.2320 25.2574 November 2028 25.8607 25.8841 25.9095 December 2028 26.6017 26.6251 26.6505

PancakeSwap (CAKE) Price Prediction 2029

Since the most impact of a bullish sentiment resulting from Bitcoin halving is mainly experienced in the coming year. We can expect the price of CAKE to break more psychological resistance and trade around $35 by the end of 2029.

Month Minimum Price Average Price Maximum Price January 2029 27.1766 27.2000 27.2254 February 2029 27.7031 27.7265 27.7519 March 2029 28.4441 28.4675 28.4929 April 2029 29.0962 29.1196 29.1450 May 2029 29.6227 29.6461 29.6715 June 2029 30.3637 30.3871 30.4125 July 2029 31.0158 31.0392 31.0646 August 2029 31.5424 31.5658 31.5912 September 2029 32.2834 32.3068 32.3322 October 2029 32.6486 32.6720 32.6974 November 2029 33.3007 33.3241 33.3495 December 2029 34.0417 34.0651 34.0905

PancakeSwap (CAKE) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of CAKE to trade above $43 by the end of 2030.

Month Minimum Price Average Price Maximum Price January 2030 36.1766 36.2000 36.2254 February 2030 36.7031 36.7265 36.7519 March 2030 37.4441 37.4675 37.4929 April 2030 38.0962 38.1196 38.1450 May 2030 38.6227 38.6461 38.6715 June 2030 39.3637 39.3871 39.4125 July 2030 40.0158 40.0392 40.0646 August 2030 40.5424 40.5658 40.5912 September 2030 41.2834 41.3068 41.3322 October 2030 41.6486 41.6720 41.6974 November 2030 42.3007 42.3241 42.3495 December 2030 43.0417 43.0651 43.0905

PancakeSwap (CAKE) Price Prediction 2040

According to our long-term CAKE price estimate, CAKE prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $1.28950 by 2040. If the market becomes bullish, the price of CAKE may increase beyond our 2040 forecast.

Minimum Price Average Price Maximum Price 82.6 103 132

PancakeSwap (CAKE) Price Prediction 2050

According to our CAKE forecast, the average price of Pancake Swap in 2050 might be above $228. If more investors are drawn to CAKE between these years, the price of CAKE in 2050 could be far higher than our projection.

Minimum Price Average Price Maximum Price 180 227 243

Conclusion

As said above, it may reach over $43 if investors have decided that CAKE is a good investment along with mainstream cryptocurrencies.

FAQ

What is Pancake Swap?

PancakeSwap is a decentralized finance application that allows users to trade tokens while generating liquidity through farming and earning fees. It is a decentralized exchange for trading BEP20 tokens on Binance Smart Chain. PancakeSwap utilizes an automated market maker concept in which customers trade against a liquidity pool. These pools are populated by users who deposit money into the pool in exchange for liquidity provider (LP) tokens.

How to buy CAKE tokens?

Like other digital assets in the crypto world, CAKE can be traded on many exchanges. Binance, BTCEX, ByBit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading CAKE. 

Will CAKE surpass its current ATH?

Since CAKE provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, CAKE has a high possibility of surpassing its current ATH in 2027.

Can CAKE reach $50 soon?

In terms of active crypto assets, CAKE is one of the few that continues to rise in value. As long as this bullish trend continues, CAKE might break through $26 and reach as high as $50. Of course, if the current market favoring crypto continues, it will likely happen.

Is CAKE a good investment in 2023?

As one of the fastest-rising cryptocurrencies, CAKE is expected to continue its upward trend. We may also conclude that CAKE is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of CAKE?

The lowest CAKE price is $0.0002318, attained on September 29, 2020, according to CoinMarketCap.

Which year was CAKE launched?

CAKE was launched in September 2020.

Who are the co-founders of CAKE?

PancakeSwap was co-founded by the pseudonymous Chef Hops.

What is the maximum supply of CAKE?

The maximum supply of CAKE is 750,000,000 CAKE.

How do I store CAKE?

CAKE can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the CAKE price in 2023?

CAKE price is expected to reach $5 by 2023.

What will be the CAKE price in 2024?

CAKE price is expected to reach $6.5 by 2024.

What will be the CAKE price in 2025?

CAKE price is expected to reach $8 by 2025.

What will be the CAKE price in 2026?

CAKE price is expected to reach $12.15 by 2026.

What will be the CAKE price in 2027?

CAKE price is expected to reach $19.56 by 2027.

What will be the CAKE price in 2028?

CAKE price is expected to reach $26.625 by 2028.

What will be the CAKE price in 2029?

CAKE price is expected to reach $35 by 2029.

What will be the CAKE price in 2030?

CAKE price is expected to reach $43 by 2030.

What will be the CAKE price in 2040?

CAKE price is expected to reach $103  by 2040.

What will be the CAKE price in 2050?

CAKE price is expected to reach $228 by 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.

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