Pancakeswap Price Prediction indicates a short-term gain is possible till $10 in 2025 while in the long term, the price may rise to $30. The ultra long term on the other hand could see CAKE rise to $250.
What is PancakeSwap(CAKE)?
PancakeSwap is a DEX platform on the Ethereum, BNB, and Aptos blockchains. The decentralized exchange also offers DeFi services like staking, lending, borrowing, yield farming, liquidity pools, and others.
Initially launched on the BNB Smart Chain, it now exists as a multi-chain Dapp.
Fundamental Analysis
Pancakswap is one of the most successful DeFi platforms, operating across multiple chains. Its success can be seen from its high annual fee collection of $566 million, out of which it earns a net income of $141 million.
On the activity front, the platform saw an average daily volume of roughly $1.2 billion in November 2024, totaling approximately over $5.7 billion a week.
Further, CAKE is one of the most liquid tokens on both DEXs and CEXs as it gives the holder ability to participate in the governance of Pancakeswap.
As DeFi markets continue to grow due to high regulations faced by centralized crypto platforms, we expect Pancakeswap to grow at a higher pace following the late 2024 bull rally.
Finally, DEX markets are expected to grow at a rate of 46% per annum; Pancakeswap could easily reach $30 by 2030 and $250 by the year 2045 if it is able to keep up with this growth.
Technical Analysis
CAKE has been consolidating since June 2024 and has seen the formation of a rounding bottom chart pattern, which indicates upcoming bullishness in its price.
Prior to that, CAKE was trapped in a narrow channel between $3.02 to $3.05. The price was momentarily trapped in this channel again after the rounding bottom pattern completed.
The price of CAKE also broke out of this level on 27 Nov 2024 indicating that it may test $3.5 or $4 levels in the coming few weeks.
Such a dual breakout (i.e., the breakout from the rounding bottom pattern and the narrow channel) pattern is rare in altcoins.
Taking a look at its indicators, we can see bullishness in both the momentum indicators. RSI has broken out of 70 levels and has again bounced off at 70 after touching it briefly. At press time, it is around 78 which shows super bullishness in its price.
Further, the MACD has shown a very divergent breakout. This means that not only it confirm the super bullishness of RSI, but it also shows that CAKE might remain bullish for a long period of time, maybe around a week at least.
PancakeSwap Price Prediction
CAKE is expected to cross $10 in the near term, $30 in the long-term and $250 in the ultra long term.
PancakeSwap Price Prediction 2025
We expect CAKE to cross $10 as it sees dual growth potential from bullish chart patterns, the altcoin season, and the superb growth in DeFi markets.
PancakeSwap Price Prediction 2026
In the altcoin season, CAKE could see its price rise to $15 as the peak of this alt season coud arrive by early or mid 2026.
PancakeSwap Price Prediction 2027
The year 2027 might see some corrections as it is expected to be a year of bearish markets. In this year CAKE sees a potential drop to $12.
PancakeSwap Price Prediction 2028
The pre-halving bull market and the post-halving bull market could see CAKE reach close to $25 and even cross it depending on demand for DeFi services.
PancakeSwap Price Prediction 2029
The altcoin season of 2029 could see CAKE’s price rise to $30 and may even cross it depending on the intensity of the altcoin season.
PancakeSwap Price Prediction 2030
Till the year 2030, CAKE is expected to grow at a rate of 46% CAGR and could reach $30 by the turn of the decade.
PancakeSwap Price Prediction 2045
Ultra-long-term estimates show that CAKE can grow to $250 by 2045 based on a 15% CAGR from 2030 to 2045.
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