PancakeSwap (CAKE) Price Prediction: 2024, 2025, 2026-2030

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Contributor, Benzinga
April 18, 2024

Analysts are saying that CAKE can hit $925 by 2050. Feeling bullish about CAKE already? You can buy CAKE on PancakeSwap using your Coinbase wallet.


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As a top-tier player in the Web3 ecosystem, PancakeSwap has quickly become one of the most well-known decentralized exchanges (DEXs). As the crypto market has taken a hit in the last few weeks, some investors believe this is an excellent opportunity to move in and build high-conviction positions. CAKE, the native token on PancakeSwap, is a coin to keep an eye on before the market heats up, given its utility on a leading exchange.

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PancakeSwap Price Prediction Table 

The following price table takes the average price prediction from five different sources: Changelly, Coinpedia, CoinCodex, Coin Edition and Bitscreener.

YearAverage Price

What is PancakeSwap (CAKE)? 

PancakeSwap (CAKE) is one of the fastest-growing DEXs in the DeFi sector. DEXs are peer-to-peer marketplaces where users trade or swap cryptocurrencies directly with other users. With no central entity facilitating market-making platforms, platforms incentivize users to provide services like liquidity through yield rewards

PancakeSwap, launched in 2020, is built on the Binance Smart Chain (BSC), an alternate chain similar to Ethereum. Traders gravitate towards PancakeSwap, given its smooth user experience, multi-chain compatibility with networks like Ethereum, BNB, Base and Polygon, along with low transaction fees. Currently, PancakeSwap is the second largest DEX by total locked value (TVL) at $2.32 billion. TVL is a metric that states how much money is deposited onto the exchange. The higher the TVL, the more reputable and secure the exchange is. CAKE is the native cryptocurrency on PancakeSwap, used to earn staking rewards and trade as a digital asset.

Can CAKE Reach $100? 

Predicting the price of any asset, especially volatile classes like cryptocurrency, is difficult. The price of CAKE could increase corresponding with the activity on the exchange. As more users interact on PancakeSwap, more CAKE will be swapped and staked, hypothetically causing the price to increase. With a max supply of 450 million, CAKE increases scarcity – over 52% of tokens are circulating in the market.

Currently, CAKE is trading around $2.69 with a $667.4 million market cap. To reach $100, CAKE must grow by approximately 3,717%, rising to a $25.66 billion market cap. For reference, DOGE is the 8th largest cryptocurrency by market cap at $21.2 billion. While this is attainable, CAKE would need to double all-time highs (ATHs) and some, so it is hard to make a definite claim. 

Will PancakeSwap Go Past All-Time Highs?  

During the last bull cycle, CAKE hit an ATH of $44.18 on April 30, 2021. While down over 90% from this milestone, PancakeSwap has increased its user base and interoperability and capped the token supply, bolstering its fundamentals. Since the ATH set in 2021, CAKE has yet to cross $10. As the BTC halving approaches, the crypto market anticipates a crypto bull run. With plenty of room to run, notoriety and strong market positioning, CAKE has the opportunity to surpass ATHs in the future. 

PancakeSwap Price History and Market Position 

Over the last week, CAKE has dropped around 30%, partly due to the tumultuous geopolitical environment that has caused many asset classes, especially the crypto market, to drop in value. CAKE has been in a downtrend over the last year, falling 25%; however, last month, on March 13, CAKE jumped to $5.10, the highest price since 2021. 

As the second largest DEX by TVL behind Uniswap, PancakeSwap has positioned itself as a premier choice among DEX users. Users can bridge assets from chains like Ethereum and Polygon, providing exceptional interoperability and freedom for investors. Combined with low fees and attractive yields for liquidity providers, PancakeSwap has created a scalable exchange

Changelly’s Bullish Long-Term Price Prediction for PancakeSwap 

Changelly is a blog that uploads developments happening in the ecosystem and price predictions for various tokens. Changelly has a bullish outlook on CAKE, believing it will trade around $10 in 2027 and over $2,720 in 2050. These ambitious predictions are based on Changelly’s proprietary AI price predictor, which looks into the technical analysis of tokens to assess performance. Among the five sources selected, Changelly has the highest price targets for CAKE. It is important to note that price predictions should not be taken as investment advice. This is especially true for forecasts made deep into the future.

CoinCodex Bearish Long-Term Price Prediction for PancakeSwap 

CoincCodex is a Web3 information platform using technical indicators to predict prices. For reference, CoinCodex estimates that CAKE will trade around $3.68 in 2027 and $9.27 in 2030 – CoinCodex did not make a prediction later than 2030. This bearish conclusion was drawn from the Relative Strength Index (RSI) and moving averages. Based on these metrics, CoinCodex believes that CAKE's market sentiment is low, leading to marginal returns. Price predictions should not be taken as financial advice. Before investing, individuals should research and only invest what they can afford. 

2024 PancakeSwap Price Prediction 

The average price among the experts selected was $4.92, an 82% increase from current levels. Specifically, Changelly believes Cake may dip as low as $1.32, and Coinpedia believes CAKE could reach the $7 level. It is essential to take each prediction with a grain of salt and do your due diligence on the asset before deciding. 

2025 PancakeSwap Price Prediction 

Comparing the averages across five platforms, CAKE is forecasted to trade on average at $6.38 per coin. This represents a substantial 137% increase from the current price of $2.69, but it is still well below ATHs. CoinCodex posits that CAKE can run as high as $12.95, a hefty 381% return from current prices. However, price forecasts are not exact and should be examined skeptically. 

2030 PancakeSwap Price Prediction 

According to the price table, experts believe CAKE will trade, on average, around $19.03 in 2030. Forecasting volatile assets like cryptocurrencies is already difficult and the further into the future a forecast is made, the more variance it will exhibit. Investors should research each token before purchasing and not solely invest based on projections. 

2050 PancakeSwap Price Prediction 

The farther away a prediction is, the less accurate it becomes. For this reason, only three out of the five sources made predictions for 2050. Among these three sources, Changelly’s forecast was exponentially higher than that of Bitscreener and Coin Edition. Changelly believes CAKE could trade around $2,720, whereas Bitscreener and Coin Edition predict $24.07 and $33.34. The large discrepancy between forecasts exemplifies the high variance and unpredictability of assets. These forecasts are far from perfect and should not be considered investment advice. 

Where to Buy PancakeSwap (CAKE) 

The most common way to purchase CAKE is by connecting your software wallet to PancakeSwap and purchasing directly on the platform. If you don’t know what a wallet is or how to set it up, check out Benzinga’s guide here. Coinbase, a popular exchange, offers a custodial wallet that connects with your account, allowing you to trade CAKE seamlessly on PancakeSwap.

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    Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

How Long Will It Take for PancakeSwap to Reach ATHs? 

According to the price prediction table, CAKE is projected to reach ATHs between 2030 and 2040; however, these are mere estimates. While CAKE's fundamentals are strong compared to its competitors, many other variables contribute to price action. These known and unknown factors can lead to heightened price volatility. CAKE may hit ATHs sooner or never reach that point. It is essential to research assets before investing, being diligent and aware of the risks. 

Where to Store PancakeSwap (CAKE) Safely

Wallets are the best way to store cryptocurrency securely. There are two types, each with its benefits and drawbacks. Hardware wallets are the most secure option, with assets being stored offline. Investors tend to use these for long-term storage. In contrast, software wallets are easier to transact and provide additional online security, making them better choices for higher-frequency transactions.

  • Best hardware wallet: Ledger offers excellent hardware wallets that keep crypto safe and secure offline. This wallet also provides a simple and smooth user experience for all levels of investors. 
  • Best software wallet: ZenGo allows you to bulletproof the security of your crypto without needing to take it offline. With an unparalleled user experience and secure recovery features, ZenGo is one of the best mobile wallets in the market right now. 

Current Crypto Prices

The current crypto market cap sits around $2.27 trillion, down just over 2% in the last 24 hours. BTC has tumbled 12% the previous week, with many coins following the downtrend. While the market is red, many are optimistic, as the Bitcoin halving is only a few days away, which many believe will ignite a bull market. As many tokens have dipped, some think it is a great time to enter or add to high-conviction plays at solid prices. Before making decisions, investors should do their due diligence and invest what they can afford to lose. 

Is PancakeSwap a Good Investment?

PancakeSwap has positioned itself as a top DEX in the ecosystem. With a smooth user experience, multi-chain compatibility and low fees, it has risen to the second-largest DEX by TVL in just four years. The native token, CAKE, boasts attractive staking rewards and also helps facilitate DEXs. Many consider CAKE a good investment with solid fundamentals and room to grow. Investors should know the benefits and risks of investing in cryptocurrencies like CAKE before making a final decision. 

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts

Frequently Asked Questions


How much will PancakeSwap cost in 2025?


The average cost per CAKE in 2025 among five experts is $6.38.


Does CAKE coin have a future?


As one of the leading decentralized exchanges, PancakeSwap and its token, CAKE, have solid fundamentals and are well below ATHs. CAKE is a coin to watch as the crypto market moves into a bullish cycle.


What is CAKE’s all-time high?


CAKE’s all-time high is $44.18, set on April 30, 2021.

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About Gianluca Miller

Gianluca Miller’s crypto journey started in 2019 when he sought alternative assets to diversify his investment portfolio. With a keen interest in innovative technologies, he became increasingly involved in Web3 through trading crypto and participating in DeFi protocols. Over the last few years, he has become a blockchain evangelist, fascinated with the tech’s utility and impactability. Gianluca contributes to Benzinga, is working on a Defi research project through Blockchain UCSB, and continues to expand his Web3 acumen daily. He loves learning, analyzing new projects and market conditions, and building relationships with industry leaders.