Pancakeswap Price Prediction: Will CAKE Breach $10 in 2022?

Pancakeswap Price Prediction: Will CAKE Breach $10 in 2022?

Pancakeswap Price Prediction: The CAKE Price Prediction 2022 is $7.02 provided the price rises 50% a month from now. If CAKE gains only 10% a month, by the end of December 2022 Cake price is predicted to be $5.14.

The current momentum of CAKE is Bullish.

Pancakeswap Price Prediction: Performance Comparison

UniswapGain/Loss
Last 5 Days+9.6%
YTD-61.8%
SNX Protocol
Last 5 Days+3.2%
YTD-60.1%
PancakeSwap
Last 5 Days+2.5%
YTD-60.7%

Pancakeswap Short term Price Prediction

 10%20%30%50%
Oct-22$5.148$5.616$6.084$7.020
Nov-22$5.663$6.739$7.909$10.530
Dec-22$6.229$8.087$10.282$15.795

Crowd’s Voice

What is Pancakeswap?

PancakeSwap is a decentralized exchange built on Binance Smart Chain. It is one of the biggest competitors of Uniswap which is built on the Ethereum blockchain.PancakeSwap has positioned itself as one of the leading Decentralized exchanges in the crypto market.

The native token of Pancakeswap is CAKE which offers a high yield and is an excellent passive income source.

PancakeSwap (CAKE) is one of the biggest SWAPs on the current market and has been able to achieve this through its ease of use, a wide range of available tokens, and exciting reward system that encourages users to participate in activities like yield farming.

What is a SWAP?

SWAP can be defined as the instant exchange of two cryptocurrencies. A SWAP allows for a wider range of trades to take place, not having to use a paired token to complete transactions.

SWAPs are therefore a great option for trading new or lesser known tokens or swapping tokens that have very little connecting them in terms of their blockchain technology. 

How is Pancakeswap Different From Others?

  • Pancakeswap is a decentralized exchange that runs the Binance chain rather than using Ethereum blockchain.
  • PancakeSwap allows for exchange of BEP-20 tokens from its users and has robust wallet integration.
  • Unlike the traditional method of exchange which involves buyers and sellers, Pancakeswap uses AMM (Automated Market Maker) which gives trades freedom of trading due to the presence of permissionless liquidity pools.
  • Apart from trading, Pancakeswap offers other features like Staking, Farming, Lottery, NFTs, Initial Farm Offerings, etc.

How do Liquidity Pools Works?

People deposit funds in the liquidity pool. This pool is available to traders who want to use this liquidity pool. Traders pay a fee for to the Defi platforms. This fee is then distributed to the ones who have contributed to the liquidity pool.

Who are the Competitors and what are the Use Cases of Pancakeswap?

The demand for DEX or Decentralized Exchange has grown in recent times. The trades in DEX exchanges are booming and with more players entering, the DEX exchange value is predicted to rise higher. Some of the best DEX platforms are:

  • Defi Swap 
  • Uniswap
  • Curve
  • 1inch 

What is CAKE and What is the use of CAKE?

Cake is the native token of Pancakeswap. CAKE token is designed for providing liquidity and encouraging user adoption and participation on the Pancakeswap exchange.

Cake is used for staking or performing any other activities on the Pancakeswap exchange.

Pancakeswap Long-Term Price Prediction

Cake Price Prediction 2023

Cake Price in 2023 is predicted to reach $7.02 if the price rises 50% a year from now but the price is predicted to remain below $6 if CAEK rises only 20% a year..

Pancakeswap Price Prediction 2025

By 2025 Cake is predicted to reach $15.79 provided the price rises 50% a year from now.

Pancakeswap Price Prediction 2030

The momentum of Pancakeswap in 2030 is predicted to be bullish. CAKE price could be over $100 if CAKE rises 50% year from now.

Pancakeswap Price Prediction: Today’s Outlook

Overall OutlookPositive
Market WisdomPositive
Market DataHigher
Technical RecommendationBuy
Crowd’s WisdomPositive
Social Media Net SentimentHigher

Pancakeswap Price Prediction: Latest tweets

The Current Technical Recommendation for CAKE coin is Buy

Pancakeswap Price Prediction: Market Cap and Volume Trends

Values
Market Cap Rank60th
Total Market Cap$673 M
Total Trading Volume$54.6 M

Pancakeswap Price Prediction: Technical Analysis Video

YouTube video

Pancakeswap Price Prediction: How to Buy?

The crypto coin of Pancakeswap is CAKE. It is a coin that has managed to top the charts. However, there are only a few markets where this coin can be traded. Before talking about where to buy the CAKE cryptocurrency from, you need to know how to do it.

Step 1: Locate a particular cryptocurrency exchange that is offering PancakeSwap or CAKE for trading.

Step 2: Create your account with that particular exchange.

Step 3: After the verification of your identity you will be able to access the account. The next thing to do would be to fund your crypto wallet. And after that, you are all set to buy CAKE coins.

Where can one buy CAKE Coin?

Some of the exchanges haven’t yet offered to list CAKE for trading. However, there are some major exchanges that tend to offer the services of trading CAKE coins such as:

  • Binance
  • KuCoin
  • Gate.io
  • Coinbase

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.