- Analysts predict a 50% short-term rally for CAKE if it breaks the descending triangle.
- The MA Ribbon analysis shows CAKE below the 20-and-50-period MAs, signaling a bearish trend.
- CAKE is projected to surge to $30 in 2025 as post-BTC halving hype drives market momentum.
PancakeSwap (CAKE) Overview
| Cryptocurrency | PancakeSwap |
| Ticker | CAKE |
| Current Price | $1.56 |
| Price Change (30D) | -31.01% |
| Price Change (1Y) | -65.39% |
| Market Cap | $481.33 Million |
| Circulating Supply | 294.86 Million |
| All-Time High | $44.18 |
| All-Time Low | $0.0002318 |
| Total Supply | 375.64 Million |
What is PancakeSwap (CAKE)?
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC) that allows users to swap BEP20 tokens, provide liquidity, and engage in various decentralized finance (DeFi) activities. Launched in September 2020 by anonymous developers with a fun, pancake-themed approach, PancakeSwap leverages the Automated Market Maker (AMM) model for seamless token swaps.
Instead of relying on order books, the platform uses liquidity pools funded by users. In exchange for contributing tokens, users receive liquidity provider (LP) tokens representing their share of the pool and the fees it generates. The native token, CAKE, is crucial to PancakeSwap’s ecosystem.
It incentivizes liquidity providers, allowing users to farm, stake, and participate in lottery draws. With a focus on low transaction fees and fast processing times, PancakeSwap has become one of the most popular DeFi platforms on Binance Smart Chain, offering an engaging way to earn rewards in the DeFi space.
Key Features of PancakeSwap
- Token Swaps: Trade BEP20 tokens easily through an automated liquidity pool system.
- Liquidity Pools: Provide liquidity to earn trading fees and LP tokens.
- Yield Farming: Stake LP tokens to earn CAKE rewards, enhancing the earning potential.
- Staking CAKE: Stake CAKE to earn additional CAKE or other project tokens in Syrup Pools.
- Lottery: Buy CAKE-based tickets for a chance to win a portion of the lottery pool.
- NFT Marketplace: Engage in the buying, selling, and trading of unique digital collectibles.
- Perpetual Futures: Speculate the price of cryptocurrencies with no expiration date.
Governance & Tokenomics
CAKE is PancakeSwap’s governance token. It allows holders to vote on platform upgrades and changes, giving the community a say in the project’s direction. The tokenomics behind CAKE are designed to create scarcity and increase the token’s long-term value.
The CAKE emission rate is 40 CAKE per block, with a daily emission of approximately 1.15 million CAKE. A portion of each trade and transaction on the platform is burned to reduce the circulating supply.
Additionally, PancakeSwap employs various deflationary mechanisms to manage the token’s supply, including burning a percentage of every trade, profits from perpetual trading, and CAKE spent on lottery tickets and NFTs. These deflationary strategies help maintain the token’s value over time, benefiting liquidity providers and long-term holders.
PancakeSwap Price History
PancakeSwap (CAKE) embarked on its journey in September 2020, quietly building momentum as it entered the market. Initially, the price stayed well below $1, reflecting a period of accumulation. However, investors, drawn by the potential of this Binance Smart Chain-based decentralized exchange, began to position themselves for future growth.
During this early phase, the token held steady, with the price consolidating around the $1.00-$0.20 level, creating a strong foundation for what would come. Then came the surge. In weeks, CAKE skyrocketed to an all-time high of $44.18, fueled by the booming DeFi sector. The price shot up quickly, signaling the intense demand for decentralized exchanges.
But with such rapid growth, resistance soon emerged. At its ATH, the token’s price met its first major hurdle. Unable to break through, CAKE experienced a sharp pullback, losing over 97% of its value as it retraced its steps.
The drop found support between $1.54 and $1.00, where the price stabilized. For an extended period, CAKE traded sideways within this range, indicating a battle between buyers and sellers. Each attempt to climb higher was met with selling pressure at $5.36, where resistance capped any possible gains.
Despite these failed rallies, the price held firm in the $1.54-$5.36 consolidation zone. Now, the price is caught in a descending triangle pattern, a technical formation that suggests a potential breakdown if the $1.54 support level fails.
This could confirm a bearish continuation, pulling it toward its all-time low. On the flip side, if CAKE breaks past the $5.36 resistance, it could ignite a surge, pushing the price toward new heights and possibly revisiting its previous peaks.
CAKE Poised for 50% Rally, Analyst Forecasts
Market analyst CryptoBull_360 predicts that CAKE is on the verge of a breakout if it successfully flips the descending triangle pattern and Point of Control (PoC) resistance. According to the analyst, a 50% short-term surge is possible if a strong breakout occurs, supported by rising volume and momentum.
The analyst’s chart shows that CAKE has recently tested key support levels, consolidating its price action near the PoC. The increasing volume suggests that market participants closely watch this level, which could be a pivotal point for the token’s movement. The analyst believes that if CAKE breaks above the descending triangle and PoC resistance, it could trigger a magnified rally toward the $3.50 level.
Related: Chiliz Price Prediction 2025-35: Will It Hit $50 by 2035?
Yearly Highs and Lows of PancakeSwap
| Year | PancakeSwap Price | |
| High | Low | |
| 2024 | $5.2386 | $1.2086 |
| 2023 | $4.7380 | $1.0379 |
| 2022 | $12.5745 | $2.4772 |
| 2021 | $44.18 | $0.4382 |
| 2020 | $1.3851 | $0.0002318 |
PancakeSwap Technical Analysis
According to the monthly chart, the MACD (12, 26) shows a value of -0.9244 for the MACD line, and -1.1627 for the signal line, indicating a bullish trend. The MACD histogram is also positive, suggesting that momentum is still on the upside.
However, the recent MACD lines show signs of convergence, indicating that the upward momentum may weaken, with a possibility of a reversal if the lines cross. Meanwhile, the RSI stands at 46.06, near the neutral zone.
This level suggests that the token is in a state of indecision, with no extreme price pressure. However, as the RSI nears the 50 mark, it can indicate the prospect of either upward or downward movement, depending on price action. The relative stability of the RSI suggests a lack of strong momentum in either direction, signaling a waiting period in the market.
PancakeSwap (CAKE) Price Forecast Based on Fair Value Gap
The monthly chart reveals two Fair Value Gaps (FVGs) critical in PancakeSwap’s (CAKE) price prediction. These gaps, highlighted in orange zones, indicate areas where price action has moved quickly without sufficient price consolidation. As per the chart, the first FVG is between $17.24 and $14.63, and the second spans $7.19 to $4.92.
The price has yet to fill these gaps fully, signaling likely future price targets. The current market price is far from these levels, suggesting that CAKE could face upward pressure if it moves to fill these gaps. If CAKE begins a recovery or rally, the gaps could act as target zones, guiding the price toward the $7.19-$4.92 range and potentially to the $17.24-$14.63 zone, depending on broader market conditions.
FVGs often suggest areas of imbalance in the market where the price may return to “fill” the gap before continuing in the previous trend direction. Given the market’s current state, the gaps represent key price zones for potential price action.
PancakeSwap (CAKE) Price Forecast Based on MA Ribbon Analysis
As per the monthly chart analysis, the 20-period moving average (MA) is hovering within 2.2798, and the 50-period MA is at 6.5609, with CAKE’s price below both. This positioning signals a bearish trend, as the token’s price has struggled to remain above these averages.
Zooming out, the 20-period MA, closer to the current price reflects the weak short-term market sentiment. Besides, the 50-period MA, at $6.56, represents a stronger resistance level. The wide gap between the price and these moving averages further supports the bearish outlook.
For a potential recovery, CAKE’s price must break above the 20-period MA and, more importantly, the 50-period MA. A sustained move above these levels could signal a shift in trend. However, CAKE remains far from these levels, signaling no immediate bullish reversal.
PancakeSwap (CAKE) Price Forecast Based on Fib Analysis
According to the monthly chart, the 23.6% retracement is positioned at $10.46, representing the first level of resistance following the price retracement from its all-time high. The 38.2% retracement is at $16.93, followed by the 50% level at $22.16 and the 61.8% retracement at $27.39.
These price points mark key areas where CAKE may face resistance if a recovery begins. At the current price, CAKE is still far from these levels. This distance suggests that any rally must overcome multiple key resistance zones before reaching higher targets.
The 78.6% retracement at $34.84 is the final level near the previous price highs, marking a stronger resistance. Traders should monitor these levels, as CAKE must surpass them for a sustainable upward movement.
PancakeSwap (CAKE) Price Prediction 2025
As per CryptoTale’s projections, CAKE could reach new heights, possibly breaking its previous highs. With post-BTC halving hype driving market momentum, prices might range from $0.50 to $30. However, market corrections and overvaluation risks could lead to volatility.
PancakeSwap (CAKE) Price Prediction 2026
According to our price forecast, 2026 is expected to be a market recession phase with a significant downturn. CAKE might drop to $10-$25 as the crypto market suffers from post-hype euphoria, regulation concerns, and global economic pressures.
PancakeSwap (CAKE) Price Prediction 2027
CryptoTale anticipates the correction phase to continue in 2027, leading to even lower prices. CAKE could see a dip to $5-$20 as market sentiment remains low, but signs of recovery could emerge as investors prepare for the next BTC halving.
PancakeSwap (CAKE) Price Prediction 2028
According to projections, CAKE is expected to enter a recovery phase, driven by optimism from the fifth BTC halving. The price may rise to $25-$60 as investor sentiment improves and more market participants re-enter, driven by stabilization and recovery signs.
PancakeSwap (CAKE) Price Prediction 2029
According to our forecast, 2029 could be bullish as the cycle peaks again, with prices pushing to $55-$100. Positive market sentiment, coupled with technological advances and community growth, could push CAKE to new heights before a correction.
PancakeSwap (CAKE) Price Prediction 2030
As per CryptoTale’s projections, CAKE might hit $30-$75 in 2030, marking an intense post-BTC halving correction period. With renewed interest and market adoption, the crypto market will see moderate growth, though it remains vulnerable to correction following the peak.
PancakeSwap (CAKE) Price Prediction 2031
By 2031, CAKE could see a decline to $20-$50 as the market enters the post-correction phase. Despite the overall market downtrend, CAKE may still be attractive for long-term holders due to solid community support and ongoing blockchain advancements.
PancakeSwap (CAKE) Price Prediction 2032
In 2032, CAKE enters a recovery phase, with the market bouncing back amid the sixth BTC halving. As the market gradually recovers from previous corrections, prices could range from $60 to $120. The halving event is anticipated to drive renewed optimism and a steady return to growth, pushing CAKE higher.
PancakeSwap (CAKE) Price Prediction 2033
The year 2033 could be an expansion phase for CAKE, with prices rising between $100-$180. The crypto market, buoyed by the post-halving rally, sees increased institutional adoption and further mainstream integration. DeFi continues to expand, bringing more users and liquidity to PancakeSwap, fueling growth.
PancakeSwap (CAKE) Price Prediction 2034
As adoption increases, CAKE could range from $150 to $250 in 2034. More projects integrate with PancakeSwap, and the DeFi ecosystem continues its upward trajectory. Enhanced functionality and partnerships solidify PancakeSwap’s position, pushing CAKE toward new milestones in both price and use cases.
PancakeSwap (CAKE) Price Prediction 2035
In 2035 CAKE may surge to $200-$300, driven by broader blockchain adoption and DeFi’s continued dominance. The token’s utility expands as more users adopt PancakeSwap’s services, and it benefits from widespread recognition and use in decentralized finance solutions.
Related: MANA Price Prediction 2025-35: Will It Hit $100 by 2035?
FAQs
What is CAKE?
CAKE is the native token of PancakeSwap, a decentralized exchange built on the Binance Smart Chain. It is used for liquidity provision, staking, and rewards in the DeFi ecosystem.
How can I purchase CAKE?
You can purchase CAKE on exchanges like Binance and PancakeSwap using other cryptocurrencies or stablecoins such as USDT, BNB, or ETH.
Is investing in CAKE a wise decision?
Investing in CAKE depends on market conditions, but its strong DeFi presence and tokenomics, including deflationary mechanisms, make it an attractive option for long-term holders. It’s crucial to do your own research.
What’s the best way to securely store CAKE?
The best way to store CAKE securely is in a hardware wallet (e.g., Ledger or Trezor) or a software wallet like MetaMask.
Who is the founder of CAKE?
PancakeSwap was created by anonymous developers who have chosen to remain undisclosed to the public, focusing on the platform’s decentralized nature and community-driven growth.
Which year was CAKE launched?
CAKE was launched in September 2020, along with the PancakeSwap platform, to provide a decentralized exchange on the Binance Smart Chain.
What is CAKE’s circulating supply?
As of now, the circulating supply of CAKE is 294.86 million, with a total supply of 381.17 million tokens.
Will CAKE surpass its all-time high?
According to projections, CAKE could surpass its all-time high, especially during bullish market phases, driven by DeFi growth and the next BTC halving cycle.
What is CAKE’s lowest price?
CAKE’s lowest recorded price is $0.0002318, which occurred during its early days before it gained traction and reached its all-time high.
What will the price of CAKE be in 2025?
In 2025, CAKE could rise to $0.50-$30, driven by post-BTC halving momentum, although volatility and market corrections might influence its price.
What will the price of CAKE be in 2028?
By 2028, CAKE could rise to $25-$60, fueled by the fifth BTC halving and positive market sentiment toward DeFi and PancakeSwap’s ongoing development.
What will the price of CAKE be in 2030?
In 2030, CAKE may range from $30 to $75, experiencing moderate growth after the post-BTC halving correction and benefiting from increasing DeFi adoption and renewed investor interest.
What will the price of CAKE be in 2032?
In 2032, CAKE could reach $60-$120, driven by the recovery amid BTC halving as the DeFi space grows and market sentiment improves.
What will the price of CAKE be in 2035?
By 2035, CAKE could surge to $200-$300, supported by widespread blockchain adoption, DeFi dominance, and strong user engagement, pushing CAKE to new all-time highs.
