PancakeSwap is a decentralized exchange (DEX) that uses an automated market maker (AMM) model to allow users to exchange BEP-20 tokens, i.e. tokens compatible with the Binance blockchain. PancakeSwap also offers other services, such as providing liquidity, farming, staking, and lotteries. PancakeSwap’s native token is Pancake (CAKE), which can be used to participate in governance, receive rewards,
and access exclusive features.
Table of Contents:
When will it reach 1 dollar?
The price of Pancake depends on many factors, such as supply and demand, news, events, technological advances, and competition. It is not possible to predict with certainty when Pancake will reach a certain value, but we can rely on some forecasts made by experts and analysts. According to the Changelly website, the average price of Pancake in 2024 will be around 0.70 dollars, with a maximum of 0.89 dollars and a minimum of 0.50 dollars. So, according to this source, Pancake could reach 1 dollar by 2025
.
When will it reach 10 dollars?
Also according to Changelly, the average price of Pancake in 2025 will be around 0.80 dollars, with a maximum of 0.90 dollars and a minimum of 0.17 dollars. So, according to this source, Pancake could reach 10 dollars by 2028
.
When will it reach 100 dollars?
Changelly does not provide forecasts beyond 2028, but we can assume that to reach 100 dollars, Pancake should have exponential growth and overcome many challenges, such as regulation, security, adoption and competition. At the moment, Pancake has a market capitalization of about 730 million dollars, so to reach 100 dollars per coin, it should reach a capitalization of about 46 billion dollars, equal to that of Uniswap in 2021. This scenario seems very unlikely in the short and medium term, but not impossible in the long term, if Pancake can prove its value and potential in the DeFi sector
.
When will it reach 1000 dollars?
To reach 1000 dollars per coin, Pancake should have a market capitalization of around 460 billion dollars, equal to that of Ethereum in 2021. This scenario seems almost impossible, unless there is a technological and social revolution that leads Pancake to become the dominant platform in the DeFi world and beyond. However, we cannot completely rule out this possibility, given that cryptocurrencies are a phenomenon in continuous evolution and innovation.
Is it considered a good investment?
Pancake is considered by many to be a good investment, because it has an ambitious vision and a unique technology that could revolutionize the DeFi world. Pancake is also backed by Binance, the world’s largest cryptocurrency trading platform. However, as with any investment, there are also risks and uncertainties, such as volatility, regulation, security, competition, and adoption. So before investing in Pancake, it’s important to do extensive research, weigh the pros and cons, and only invest what you can afford to lose
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Price forecasts from 2024 to 2030
To give you an idea of the possible changes in the price of Pancake in the coming years, I show you a table with the average, minimum and maximum forecasts made by Changelly from 2024 to 2030. Keep in mind that these are only estimates based on technical analysis and do not guarantee the actual result
.
| Anno | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $0.50 | $0.70 | $0.89 |
| 2025 | $0.17 | $0.80 | $0.90 |
| 2026 | $0.24 | $0.85 | $0.97 |
| 2027 | $0.31 | $0.91 | $1.04 |
| 2028 | $0.39 | $0.97 | $1.11 |
| 2029 | $0.48 | $1.04 | $1.19 |
| 2030 | $0.58 | $1.11 | $1.28 |
