PancakeSwap Price Prediction 2023. Should I buy CAKE?

How much PancakeSwap will be worth in 2023? To find out, dive into our complete CAKE price prediction for year 2023 and beyond! CAKE price, technical indicators, and exchanges.

This year has been a tough sail for PancakeSwap since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of CAKE.

With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for PancakeSwap to reclaim its all-time high in 2023? Continue with the article to learn about PancakeSwap price analysis and prediction by Coinpaper.

Read also: A16z deploys all its UNI bags to vote against bringing Uniswap on BNB Chain

What is PancakeSwap?

PancakeSwap is a decentralized exchange native to Binance’s BNB Chain that utilizes an automated market maker (AMM) system. The protocol was forked from SushiSwap, so their codebases are almost identical, although Pancake Swap offers additional features such as lotteries, yield farming, and Initial Farm Offering (IFO). PancakeSwap’s native token CAKE is a BEP20 token that used to pay rewards to liquidity providers on the platform, participating in lotteries, and staking.

PancakeSwap (CAKE) price

Currently, PancakeSwap Price is USD. CAKE has a circulating supply of coins and a total supply of . If you are looking to buy or sell PancakeSwap, Binance is currently the most active exchange.

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PancakeSwap price prediction 2023

The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.

According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.

Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.

Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish PancakeSwap 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see PancakeSwap price at $7.25 to $12.32. On the flip side, a fading interest in the new meme coin may push the price of PancakeSwap to $3.15-$2.78 lows.

PancakeSwap price prediction 2024

In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to PancakeSwap (CAKE) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.

Keeping this in mind, we foresee the price of PancakeSwap to climb as high as $14.38, with the more distant prospect of reaching $18.92 in 2024. The bearish scenario is likely to see PancakeSwap (CAKE) trading between $11.73 and $8.69 in 2024.

PancakeSwap price prediction 2025

Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our PancakeSwap (CAKE) price analysis and prediction is based on pure speculation and observation of PancakeSwap historical price movements.

Our PancakeSwap 2025 price forecast expects CAKE to rally towards $25.39 and reach $31.73 by the end of the year. The bearish scenario would see PancakeSwap at $17.38 to $13.15.

PancakeSwap (CAKE) price prediction 2026

Looking ahead four years, to 2026, Coinpaper's price prediction for PancakeSwap is neutral. In 2026, we expect PancakeSwap to reach at least $39.26 before climbing higher to $50.26. In case of a bearish scenario, PancakeSwap may fall to $27.27.

Is PancakeSwap (CAKE) a good investment?

With continued developments taking place within the PancakeSwap ecosystem, its solid user base, strong community of developers, and established market position, CAKE can be an investment option worth considering. However, keep in mind that investing in any cryptocurrency carries a high degree of risk, so make sure to do your own research before putting your savings in CAKE coin.

Bottom line

Are you ready to invest in PancakeSwap? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.

You can buy CAKE from many crypto exchanges, including Binance

Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.


Who created PancakeSwap?

PancakeSwap was founded by a group of anonymous developers in September 2020

What was the all-time high for PancakeSwap (CAKE) ?

The all-time high price of PancakeSwap is $ on 2021-04-30