What Is PancakeSwap (CAKE)?
PancakeSwap is an automated market maker (AMM) – a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
To learn more about this project, check out our deep dive of Pancakeswap.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
Who Are the Founders of PancakeSwap?
PancakeSwap is a Binance Smart Chain-based decentralized exchange (DEX) that was launched by anonymous developers with an apparent passion for pancakes.
PancakeSwap Price Prediction
If you’re looking for PancakeSwap price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of PancakeSwap (CAKE) will go in the future? We will analyze the past prices of PancakeSwap (CAKE) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 7.65|
|24h Volume||$ 170,567,500|
PancakeSwap (CAKE) Price Prediction
At reconshell.com we predict future PancakeSwap price predictions/CAKE forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of PancakeSwap. We do our best to collect maximum historical data for the CAKE coin which include multiple parameters like past price, PancakeSwap marketcap, PancakeSwap volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
PancakeSwap Price Prediction 2022
According to our deep technical analysis on past price data of CAKE, In 2022 the price of PancakeSwap is predicted to reach at a minimum level of $11.10. The CAKE price can reach a maximum level of $13.26 with the average trading price of $11.49.
PancakeSwap Price Prediction 2023
The price of PancakeSwap is predicted to reach at a minimum level of $15.97 in 2023. The PancakeSwap price can reach a maximum level of $19.43 with the average price of $16.54 throughout 2023.
CAKE Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of PancakeSwap is predicted to reach at a minimum level of $23.20. The CAKE price can reach a maximum level of $27.93 with the average trading price of $24.03.
The price of 1 PancakeSwap is expected to reach at a minimum level of $34.40 in 2025. The CAKE price can reach a maximum level of $41.27 with the average price of $35.60 throughout 2025.
PancakeSwap Price Prediction 2026
PancakeSwap price is forecast to reach a lowest possible level of $50.81 in 2026. As per our findings, the CAKE price could reach a maximum possible level of $60.84 with the average forecast price of $52.24.
PancakeSwap Price Prediction 2027
According to our deep technical analysis on past price data of CAKE, In 2027 the price of PancakeSwap is forecasted to be at around a minimum value of $73.07. The PancakeSwap price value can reach a maximum of $88.60 with the average trading value of $75.16 in USD.
PancakeSwap (CAKE) Price Prediction 2028
The price of PancakeSwap is predicted to reach at a minimum value of $105.14 in 2028. The PancakeSwap price could reach a maximum value of $125.65 with the average trading price of $108.15 throughout 2028.
PancakeSwap Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of PancakeSwap is expected to reach at a minimum price value of $152.81. The CAKE price can reach a maximum price value of $177.82 with the average value of $157.14.
PancakeSwap (CAKE) Price Prediction 2030
The price of PancakeSwap is predicted to reach at a minimum value of $227.19 in 2030. The PancakeSwap price could reach a maximum value of $264.05 with the average trading price of $235.04 throughout 2030.
PancakeSwap Price Prediction 2031
PancakeSwap price is forecast to reach a lowest possible level of $328.81 in 2031. As per our findings, the CAKE price could reach a maximum possible level of $393.19 with the average forecast price of $338.21.
What Makes PancakeSwap Unique?
PancakeSwap uses an automated market maker model, meaning that there are no order books and liquidity pools are used instead. A user can earn income by becoming a liquidity provide; by adding their tokens to the liquidity pool they can farm LP tokens and stake their CAKE to earn rewards. They can also try their luck with the lotteries and non-fungible tokens.
The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.
Users can stake their tokens to earn rewards, which is done by depositing Liquidity Provider tokens and locking them up. This is known as farming and is rewarded by the system with CAKE tokens. The tokens can be un-staked with zero holding time. CAKE gives users the opportunity to invest and increase returns in the future but comes with risks.
CAKE can be used to enter a lottery on PancakeSwap. Each lottery session takes 6 hours. A single ticket costs 10 CAKE and comes with a random combination of four numbers between 1 and 14, for example, 8-6-4-13. To win the jackpot, which equals 50% of the entire lottery pool, the numbers in your ticket need to match all four of the numbers in the winning ticket.
Users can also win non-fungible tokens that can be traded for CAKE or kept in a wallet.
How Many PancakeSwap (CAKE) Coins Are There in Circulation?
As of March 2021, PancakeSwap (CAKE) has a circulating supply of 125,984,870 CAKE coins and no maximum supply data is available.
How Is the PancakeSwap Network Secured?
PancakeSwap can be securely stored on supported wallets that are connected to the Binance Smart Chain. These include MetaMask, TrustWallet, TokenPocket and WalletConnect.
Where Can You Buy PancakeSwap (CAKE)?
PancakeSwap (CAKE) can be bought and sold on the following exchanges:
- VCC Exchange