Key takeaways
- PancakeSwap price predictions anticipate a high of $3.14 by the end of 2024.
- In 2027, CAKE will range between $8.29 and $10.10, with an average price of $8.59.
- In 2030, CAKE will range between $26.19 and $31.34, with an average price of $27.12.
With decentralized finance (DeFi) rising, PancakeSwap, one of the largest decentralized exchanges (DEXs), has been at the forefront of the revolution. The future of the CAKE cryptocurrency will depend on using the PancakeSwap exchange. The coin’s value will also depend on future sentiment on the broader crypto markets, among other factors. CAKE token is at the heart of the PancakeSwap ecosystem. Buy it, win it, farm it, spend it, stake it… heck, you can even vote with it!
PancakeSwap network has regularly incorporated distinctive features that encourage traders and investors to use the platform. For instance, the PancakeSwap platform pushed out a v3 update in Q2, a feature that enhances the platform’s capital efficiency. These include allowing liquidity providers to concentrate their capital on smaller price ranges, a feature that results in higher fee earnings from the same amount of deposits. One of the more recent developments in the multichain DEX ecosystem is the cross-network integrations intended to facilitate secure and seamless cross-chain swaps.
If PancakeSwap sounds interesting and you want to know more about the ecosystem’s native coin, price analysis, and future predictions, we’ve got it all for you. Let’s get into it!
Overview
| Cryptocurrency | PancakeSwap |
| Ticker | CAKE |
| Current price | $1.6319 |
| Market cap | $404,057,651 |
| Trading volume | $17,905,274 |
| Circulating supply | 245,874,748 CAKE |
| All-time low | $0.1944 Nov 03, 2020 |
| All-time high | $43.96 Apr 30, 2021 |
| 24-hour low | $1.67 |
| 24-hour high | $1.62 |
PancakeSwap price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day variation) | 11.85% |
| 50-day SMA | $ 1.85 |
| 200-day SMA | $ 2.76 |
| Sentiment | Neutral |
| Fear and greed index | 31 (Fear) |
| Green days | 11/30 (37%) |
PancakeSwap price analysis: Uptrend leads to spike above $1.6319
TL;DR Breakdown
- Pancakeswap price analysis confirms an upward trend at $1.6319.
- Coin value has devalued up to 1.86% during the day.
- Pancakeswap prices seek resistance around $1.822 high.
On August 19, 2024, Pancakeswap price analysis confirmed an upward trend for the cryptocurrency. Currently trading at a high of $1.6319, the coin value has received a bullish boost today. However, if we observe the situation as a whole, the coin value has lost up to 1.86% of value in the last 24 hours. The overall market sentiment remains negative, considering the substantial decline throughout the day.
CAKE/USD 1-day chart analysis: Coin value advances to $1.6319 amidst recovery
The 1-day pancake price analysis indicates an uptrend for the cryptocurrency. Currently, the coin value is at $1.6319, following the turnover during the day. This increasing movement suggests a bullish trend as the buying activities dominate over the selling activities. However, the chances of reversal seem low in the face of the decreasing volatility.
The area between the upper and lower bands of the Bollinger bands indicator defines market volatility. As the bands are narrowing, this signals a decrease in volatility. The upper limit of the Bollinger bands indicator, serving as the resistance band, is present at $1.822. Its lower limit, acting as the support, is around $1.4028 extreme.
The Relative Strength Index (RSI) indicator is in the neutral region. Its value is 44.73; however, its curve is descending following the earlier decline. The continual downward movement of the RSI confirms a negative market sentiment. Moreover, considering the previous decline, this marks instability in the trading atmosphere.
CAKE/USD 4-hour chart analysis: Turnover results in hike past $1.6319
The 4-hour price chart for Pancakeswap presents a highly bullish scenario regarding the ongoing market events. CAKE/USD value has recovered to a high of $1.6319. The buying activities remained quite intense compared to the selling activities in the past four hours. This suggests an encouraging signal for cryptocurrency investors regarding future price increases.
Volatility is declining, which confirms low market unpredictability. Moving ahead, the upper boundary of the Bollinger bands indicator is at $1.7119, confirming the resistance threshold. Conversely, the lower boundary of the Bollinger bands indicator is situated at $1.5417, securing stable support.
The RSI graph displays a downward curve because of yesterday’s decline. In the past four hours, its value has risen to 51.86. This signals rising buying pressure and, therefore, upward price movement. The RSI value can move beyond the neutral region if the bulls remain consistent.
PancakeSwap technical indicators: Levels and actions
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 1.601107 | BUY |
| SMA 5 | 1.593732 | BUY |
| SMA 10 | 1.580272 | BUY |
| SMA 21 | 1.689184 | SELL |
| SMA 50 | 1.851012 | SELL |
| SMA 100 | 2.24 | SELL |
| SMA 200 | 2.76 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 1.590933 | BUY |
| EMA 5 | 1.592668 | BUY |
| EMA 10 | 1.605545 | BUY |
| EMA 21 | 1.678476 | SELL |
| EMA 50 | 1.878735 | SELL |
| EMA 100 | 2.17 | SELL |
| EMA 200 | 2.42 | SELL |
Is PancakeSwap a good investment?
CAKE is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin faces uncertainties and volatility like all other cryptocurrencies. Our Cryptopolitan price prediction explores its expected movements from 2024 to 2030.
What can we expect from PancakeSwap price analysis next?
Pancakeswap price analysis predicts a bullish outcome regarding the ongoing market events. The coin’s value has ascended to a high of $1.6319, as an upturn was recorded today. However, the overall market sentiment remained negative, as the cryptocurrency lost up to 1.86% of its value. Technical indicators support the bears; however, the price charts favor the bulls.
Why is CAKE up?
PancakeSwap has been devaluing rapidly for the past few days. However, the coin value has recovered up to $1.6319 amidst the rising buying pressure, which triggered a spike. The coin has recovered in the past few hours.
Will PancakeSwap reach $5?
Yes, PancakeSwap should rise above $5 in 2026. Its price will range between $5.86 and $6.99 during that period.
Will PancakeSwap reach $10?
Yes, PancakeSwap should rise above $10 in 2027. Its price will range between $8.29 and $10.10 during that period.
Will PancakeSwap reach $100?
Per the Cryptocurrency price estimates, PancakeSwap prices are unlikely to reach $100 before 2030, The maximum it can reach is $31.34 by that time.
Does PancakeSwap have a good long-term future?
According to market conditions and price forecasts, PancakeSwap is set to trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.
Recent news/ opinions
PancakeSwap price prediction August 2024
PancakeSwap price prediction suggests that a break above resistance will result in a mini bull run, with the next target at $1.97. This month, it will average at $1.63, and in a bearish scenario, CAKE could drop to $1.37 at its lowest.
| Month | Potential low ($) | Potential average ($) | Potential high ($) |
| August | 1.37 | 1.63 | 1.97 |
PancakeSwap price prediction 2024
As per price PancakeSwap price predictions price forecast for 2024, CAKE price is expected to trade at a minimum price of $2.81 with an average price of $2.91 as per price prediction for 2024, while the maximum price will be $3.14.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 2.81 | 2.91 | 3.14 |
PancakeSwap price prediction 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | $4.11 | $4.23 | $4.98 |
| 2026 | $5.86 | $6.03 | $6.99 |
| 2027 | $8.29 | $8.59 | $10.10 |
| 2028 | $12.30 | $12.72 | $14.72 |
| 2029 | $18.03 | $18.67 | $21.23 |
| 2030 | $26.19 | $27.12 | $31.34 |
PancakeSwap price prediction 2025
Pancakeswap price prediction shows that in the year 2025, the coin will continue to trade bullishly. We expect the maximum price of CAKE to be $4.98 while the minimum price will exchange hands at $4.11. The average trading price of CAKE will be $4.23.
PancakeSwap price prediction 2026
According to 2026 Pancakeswap price prediction, CAKE will trade at a minimum price of $5.86, while the average price will be $6.03. The CAKE will trade at a maximum price of $6.99.
PancakeSwap price prediction 2027
In 2027, the PancakeSwap price prediction suggests that CAKE is expected to trade at a maximum price of $10.10, while we expect a minimum price of $8.29, and the average Pancakeswap’s price will be $8.59.
PancakeSwap price prediction 2028
PancakeSwap price forecast suggests that in 2028, CAKE will trade at an average price of $12.72, while we expect the lowest price to be $12.30. The Pancakeswap price forecast shows that the maximum price will be $14.72.
PancakeSwap price prediction 2029
According to Pancakeswap price prediction, the coin will trade at a maximum price of $21.23, and the minimum price of CAKE is expected to be $18.03. The average price of Pancakeswap in 2029 will be $18.67.
PancakeSwap price prediction 2030
According to CAKE price prediction, in 2030, CAKE will reach a maximum price of $31.34 while the average price will hit $27.12, and the minimum price for 2030 will be $26.19.
PancakeSwap market price prediction: Analysts CAKE price forecast
| Platform | 2024 | 2025 |
| Digitalcoinprice | $3.63 | $4.26 |
| Coincodex | $1.65 | $ 7.86 |
Cryptopolitan’s PancakeSwap (CAKE) price prediction
At current levels, Cryptopoliytan’s Pancakeswap price prediction, CAKE presents the potential to be bullish in the future. According to our predictions, PancakeSwap could achieve a high of $3.14 in the second half of 2024. In 2025, it’s expected to maintain a trading range of $4.11 – $4.98, with an average of $4.23. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
PancakeSwap historic price sentiment
- PancakeSwap’s native token, CAKE, has had an eventful price history since its inception in September 2020.
- CAKE launched on the Binance Smart Chain (BSC) in September 2020, initially trading at a fraction of a cent. Over time, it experienced gradual growth.
- The first notable surge occurred during the first DeFi bull run in early 2021.
- CAKE’s price skyrocketed from less than $1 to over $20 in just a few weeks, reflecting the growing popularity of PancakeSwap and the broader DeFi market.
- Following this surge, CAKE went through a correction and consolidation phase, trading within the $10 to $15 range, allowing the token to stabilize.
- The second DeFi bull run in April and May 2021 saw CAKE’s price reaching new all-time highs. At its peak, CAKE briefly touched $44, highlighting its resilience and potential.
- Like many cryptocurrencies, CAKE faced increased market volatility during the mid-2021 crypto market correction, with its price fluctuating between $10 and $20.
- In late 2021, CAKE saw a resurgence, reaching and maintaining a price of around $20 between August and October.
- However, the bearish trend began in November, and throughout 2022, CAKE struggled, only having hit a peak of $12 in early January 2022.
- By the end of 2022, it was trading at approximately $3.2.
- In early 2023, there were brief price corrections, pushing CAKE to $4.68. Unfortunately, the bears returned, driving the price down to $1.3 by mid-2023.
- Till the year 2023 came to an end, CAKE regained bullish momentum and spiked up to $3.5 range.
- 2024 started with a lower break from the peak, and the price reduced to $2.41 by the end of January.
- At the start of February 2024, Pancakeswap started another bullish run, and it peaked at $5.15.
- By the end of April, CAKE had lost almost 50% of its value, and its price had decreased to the $2.5 level.
- In May, CAKE neared the $3 mark and jumped to 3.19 on June 5, 2024. However, the coin remained on a downslope till the end of July.
- Currently, in August 2024, CAKE is trading within the $1.41 to $1.69 range.
