PancakeSwap Price Prediction 2025: CAKE Set for Tough Time Ahead
Key Takeaways
- PancakeSwap’s CAKE climbed in late 2024 thanks to a combination of new developments and token burning.
- Can CAKE continue to go up, or will it crash down?
- Our PancakeSwap price prediction says it could drop as low as $1.68 next year.
PancakeSwap’s CAKE cryptocurrency has enjoyed some recovery lately. The launch of a new affiliate initiative suggests that the community behind the DEX is still reasonably active.
Meanwhile, its recent Telegram Swap Bot got people’s attention, and coupled with some notable token burning; it pushed CAKE to about $2.70 on Nov. 26, 2024.
Let’s examine our PancakeSwap price predictions, made on Nov. 26, 2024. We will also examine the PancakeSwap price history and discuss what PancakeSwap is and does.
PancakeSwap Price Prediction
Here are the CAKE predictions made by CCN on Nov. 26. We will use the wave count method to make the predictions. We will add and remove 20% of them to create minimum and maximum targets.
| Minimum CAKE Price Prediction | Average CAKE Price Prediction | Maximum CAKE Price Prediction | |
|---|---|---|---|
| 2025 | $1.68 | $2.10 | $2.52 |
| 2026 | $0.70 | $0.85 | $1 |
| 2030 | $7.50 | $9.25 | $11 |
The most likely wave count suggests that CAKE completed a five-wave downward movement after the all-time high of $44.33 in 2021. Then, it started an A-B-C corrective structure, where it is currently in wave C.
If wave C has the same length and duration as wave A, the price can reach a high of $6.10 in March 2025.
Then, the CAKE price could begin a similar downward movement as that after the all-time high. During these projected upward and downward movements, the wave count method gives CAKE price predictions of $2.10 and $0.85 for the end of 2025 and 2026, respectively.
Finally, we use the daily rate of increase since launch to make a CAKE price prediction for the end of 2030.
CAKE has increased by 190% in the 1,526 days since launch, and projecting this increase until the end of 2030 will lead to a price of $9.25
PancakeSwap Price Prediction for 2025
The wave count method gives a CAKE price prediction range between $1.68 and $2.52 for the end of 2025.
PancakeSwap Price Prediction for 2026
The wave count method gives a CAKE price prediction range between $0.75 and $1 for the end of 2026.
PancakeSwap Price Prediction for 2030
The daily rate of increase gives a CAKE price prediction range between $7.50 and $11 for the end of 2030.
PancakeSwap Price Analysis
The weekly time frame CAKE chart shows that the price has increased since its low of $1.20 on Aug. 5. Initially, the upward movement was thwarted by the $2.15 horizontal resistance area and a descending resistance trend line (black). Finally, CAKE successfully broke out from the diagonal resistance at the start of November before creating a bullish, engulfing candlestick last week (white icon), which took it above the $2.15 resistance area.
On Nov.25, CAKE reached a 175-day high of $3.18 before falling slightly, creating a long upper wick. Despite this decline, CAKE still trades well above the $2.15 horizontal area and the resistance trend line. If the increase continues, the next resistance will be at $3.70, created by the 0.618 Fibonacci retracement resistance level and a horizontal resistance area.
Technical indicators support the upward movement. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both increasing. The former is above 50 while the latter is above 0, both signs of a bullish trend. So, the weekly time frame suggests the upward movement will continue.
Short-Term CAKE Prediction
The CAKE price prediction for the next 24 hours is bullish. CAKE will likely increase gradually toward the next confluence of resistances at $3.70.
Bitcoin Average True Range (ATR): BTC Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 26, 2024, Bitcoin’s ATR was 0.4422, suggesting average volatility.
PancakeSwap Relative Strength Index (RSI): Is CAKE Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 26, 2024, PancakeSwap RSI was 59, indicating a bullish sentiment.
PancakeSwap Market Cap to TVL Ratio
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to the value of locked assets. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Nov. 26, 2024, the PancakeSwap TVL ratio was about 0.4, suggesting undervaluation.
PancakeSwap Price Performance Comparisons
Best Days and Months to Buy PancakeSwap
We looked at the PancakeSwap price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, suggesting the best times to buy CAKE.
| Day of the Week | Sunday |
| Week | 8 |
| Month | February |
| Quarter | First |
PancakeSwap Price History
Next, let’s examine some key dates in the PancakeSwap price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when making or interpreting a PancakeSwap price prediction.
| Time period | PancakeSwap price |
|---|---|
| Last week (Nov. 19, 2024) | $1.98 |
| Last month (Oct. 26, 2024) | $1.78 |
| Three months ago (Aug. 26, 2024) | $2 |
| Last year (Nov. 26, 2023) | $2.42 |
| Launch price (Sept. 29, 2020) | $1.37 |
| All-time high (April 30, 2021) | $44.18 |
| All-time low (Sept. 29, 2020) | $0.0002318 |
PancakeSwap Market Cap
Market capitalization, or market cap, is the sum of the total number of CAKEs in circulation multiplied by their price.
On Nov. 26 2024, PancakeSwap’s market cap was $774 million, making it the 113rd-largest crypto by that metric.
Who Holds the Most PancakeSwap (CAKE) Tokens?
On Nov. 26, 2024, a wallet held more than 15%% of the supply of CAKE.
Richest CAKE Wallet Addresses
As of Nov. 26 2024, the five wallets with the most PancakeSwap were:
- 0x556b9306565093c855aea9ae92a594704c2cd59e. This wallet held 690,838 CAKE or 17.5% of the supply.
- 0xd3d3a295be556cf8cef2a7ff4cda23d22c4627e8. This wallet, listed as BingX, held 409,994 CAKE or 10.39% of the supply.
- 0x28c6c06298d514db089934071355e5743bf21d60. This wallet, listed as Binance held 405,967 CAKE or 10.29% of the supply.
- 0xc82cdd3e8c9becabb26dcdfc7573fc3b6992bb87. This wallet held 294,006 CAKE or 7.45% of the supply.
- 0x704fe243e093b9c3b29bda257077f6e4d76e25f1. This wallet held 159,964 CAKE or 4.05% of the supply.
PancakeSwap Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 450,000,000 |
| Circulating Supply (as of Nov. 26, 2024) | 284,926,238 (63.32% of maximum supply) |
| Holder distribution | The top 10 holders own 60.23% of the supply as of Nov. 26, 2024 |
From the PancakeSwap Whitepaper
In its technical documentation or whitepaper , PancakeSwap claims it allows people to “trade, earn and win.” It says: “PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market.”
PancakeSwap (CAKE) Explained
Decentralized exchanges (DEXes) were created to solve problems with traditional, centralized exchanges (CEXes). Users of decentralized exchanges are not limited to trading with crypto pairs set by a central authority.
PancakeSwap is a DEX based on the Binance (BNB) blockchain, but it can work with coins and tokens from other chains, such as Ethereum (ETH).
The CAKE token supports PancakeSwap.
How PancakeSwap Works
The PancakeSwap DEX uses liquidity pools to help set prices and keep trades flowing.
The PancakeSwap token fills liquidity pools and the system’s syrup pools. If you put your CAKE in a Syrup Pool, you can earn a reward of more cake simply by letting it stay there and providing liquidity to the token. CAKE holders can also stake their tokens within the system, gaining rewards for delegating certain voting rights across the network.
People can also buy, sell, and trade PancakeSwap on crypto exchanges.
Is PancakeSwap a Good Investment?
It is difficult to tell. CAKE has risen somewhat recently, so it will be interesting to see whether it can continue to grow.
Something else that might be off-putting to potential investors is that PancakeSwap’s founders are pseudonymous. While this is pretty common in crypto – after all, Bitcoin’s founder, Satoshi Nakamoto, is a pseudonym – some people might want accountability in their investments.
As always with crypto, you should do your research before deciding whether or not to invest in CAKE.
Will PancakeSwap go up or down?
No one can tell right now. While the PancakeSwap crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in PancakeSwap?
Before you decide whether or not to invest in PancakeSwap, you will have to do your research, not only on CAKE but also on similar coins and tokens such as Jupiter (JUP). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical Analysis by Valdrin Tahiri.
FAQs
Will PancakeSwap reach $10?
It might do, but not for some time yet. Price predictions based on technical analysis suggest CAKE could, potentially reach double-figures in 2030 at the earliest.
Remember that PancakeSwap has not traded above $10 since January 2022.
What is PancakeSwap used for?
CAKE fills liquidity pools on the PancakeSwap decentralized exchange (DEX). Holders can stake it in return for rewards. People can also buy, sell, and trade in on crypto exchanges.
