- Bullish CAKE price prediction ranges from $$5.545 to $5.815.
- CAKE price might also reach $8 this 2023.
- CAKE’s bearish market price prediction for 2023 is $0.985.
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
- PancakeSwap (CAKE) Current Market Status
- PancakeSwap (CAKE) Price Analysis 2023
- PancakeSwap (CAKE) Price Analysis – Bollinger Bands
- PancakeSwap (CAKE) Price Analysis – Relative Strength Index (RSI)
- PancakeSwap (CAKE) Price Analysis – Moving Average
- PancakeSwap (CAKE) Price Prediction 2023 – 2030 Overview
- PancakeSwap (CAKE) Price Prediction 2023 – Resistance and Support
- Conclusion
- FAQ
- More Crypto Price Predictions:
PancakeSwap (CAKE) Market Overview
| Name | PancakeSwap |
| Symbol | cake |
| Rank | #109 |
| Price | $1.51 |
| Price Change (1h) | 0.41314 % |
| Price Change (24h) | 0.11549 % |
| Price Change (7d) | -4.45665 % |
| Market Cap | $313788521 |
| All Time High | $43.96 |
| All Time Low | $0.194441 |
| Circulating Supply | 208420840.721 cake |
| Total Supply | 388817589.894 cake |
PancakeSwap (CAKE) Current Market Status
According to CoinMarketCap, Pancake Swap (CAKE) is hovering at $1.52 at the time of writing, with a total of 208,397,837 CAKE in circulation. CAKE has a 24-hour trading volume of $36,350,871, with a 183.29% increase. And during 24 hours, the price of CAKE increased by 4.76%.
The most popular exchanges to trade Pancake Swap (CAKE) are Binance, KuCoin, Huobi, Gate.io, Bybit, and MEXC. Let’s continue with our CAKE price analysis for 2023.
PancakeSwap (CAKE) Price Analysis 2023
Will CAKE’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect CAKE’s sentiment over time? Read more to find out about CAKE’s 2023 price analysis.
PancakeSwap (CAKE) Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
CAKE/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)
Looking at the charts, the Bollinger Bands continues to remain narrow indicating that the market volatility may reduce. Moreover, the candlesticks are currently residing in the bottom half of the Bollinger Bands. CAKE’s current market sentiment happened after the altcoin experienced an oversold fall.
PancakeSwap (CAKE) Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
CAKE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
The RSI is currently valued at 48.61, which could be a consolidation as it moves closer to the 50 regions. Recently, the RSI crossed above the SMA, which is considered a bullish crossover. However, the bullish crossover could be a false signal and it has the potential to form a bearish crossover. Ultimately, traders need to wait for a signal before determining the price sentiment.
PancakeSwap (CAKE) Price Analysis – Moving Average
CAKE/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
Currently, the 50MA is below the 200MA, indicating that CAKE may be experiencing a bearish sentiment. Earlier, the moving average almost formed a golden cross, however, the indicator missed the opportunity and deviated from the trader’s optimistic expectations. Immediately afterward, the oversold fall further increased the gap between the 200MA and the 50MA. It will take some time before CAKE climbs above the 200MA.
PancakeSwap (CAKE) Price Analysis – Moving Average Convergence Divergence (MACD)
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.
CAKE/USDT 1-Day Chart Showing Moving Average Convergence Divergence (Source: TradingView)
Looking at the chart, the MACD line is above the SMA indicating that CAKE is a bullish signal in the short term. This could be noticed through the few green candlesticks formed on the CAKE/USDT 1-Day chart. Initially, the histogram indicated that the short-term bullish term would end soon, however, new green bars formed indicating that it may continue for some time.
PancakeSwap (CAKE) Price Prediction 2023 – 2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.985 | 3.5648 | $5.815 |
| 2024 | 5.5130 | 5.8143 | 6.4357 |
| 2025 | 6.5130 | 7.2217 | 8.0977 |
| 2026 | 8.1766 | 9.2122 | 12.1828 |
| 2027 | 12.6766 | 15.1461 | 19.5905 |
| 2028 | 19.7366 | 21.6796 | 26.6505 |
| 2029 | 27.1766 | 29.6461 | 34.0905 |
| 2030 | 36.1766 | 39.3871 | 43.0905 |
| 2040 | $82.6 | $103 | $132 |
| 2050 | $180 | $227 | $243 |
PancakeSwap (CAKE) Price Prediction 2023
CAKE/USDT 1-Day Chart (Source: TradingView)
The chart shows that the candlesticks are currently trading near the Support area after facing a fall. Moreover, the MACD indicator signals that there is a short-term bullish sentiment within CAKE’s market. However, the ADX is valued at 17.30 which confirms that the trend’s strength is currently weak. CAKE’s next target would be at the Weak resistance $5.545 which could be achievable if it continues to experience a bullish trend.
Meanwhile, the price prediction of CAKE for 2023 remains to be bullish and is expected to reach beyond the level of $5.545. The bearish price prediction range for CAKE is between $0.985 to $1.400. However, if CAKE experiences extreme bullish sentiment, then it could reach the $8 level.
| Bullish Price Prediction | Bearish Price Prediction |
| $5.545 – $5.815 | $0.985 – $1.400 |
PancakeSwap (CAKE) Price Prediction 2023 – Resistance and Support
CAKE/USDT 1-Day Chart (Source: TradingView)
CAKE is currently trading in the Support region due to its bearish sentiment. The candlesticks fell from the Resistance 5 level to the Support over a long period of time. If CAKE experiences a bullish sentiment, then, it could reach the Resistance 1 level. Moreover, if CAKE experiences an extremely bullish signal, then, it could trade between Resistance 2 and Resistance 3. Ultimately, the Resistance 2 level at $8 is one of the aims of CAKE during its bullish ride.
| Month | Minimum Price | Average Price | Maximum Price |
| August 2023 | 1.3467 | 2.4581 | 3.1889 |
| September 2023 | 1.7888 | 2.9122 | 3.2376 |
| October 2023 | 2.2414 | 3.5648 | 4.0902 |
| November 2023 | 3.1236 | 4.1470 | 5.0724 |
| December 2023 | 4.4815 | 5.1049 | 5.3303 |
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? The most popular exchanges to trade Pancake Swap (CAKE) are Binance, KuCoin, Huobi, Gate.io, Bybit, and MEXC. Let’s continue with our CAKE price analysis for 2023.
Will CAKE surpass its current ATH? CAKE achieved its All-Time High of $44.18 in 2021.
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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