Author: changehero
June 10, 2022

PancakeSwap keeps its crown in the BSC ecosystem for years, and Binance Labs investment proves it. However, the community hopes that the updates to tokenomics will focus on utility rather than bare supply dynamics, and the involvement of investors will not change the community-driven development.

pancakeswap price prediction banner

Some serious change is cooking up in the PancakeSwap protocol, so it’s time to have a look at CAKE price prediction 2022 and review PancakeSwap token news — there is a lot to digest.

CAKE price predictions 2022–2030

YearPrice, USD
2022$2.25–30
2023$34.40
2024$10.32–12.47
2025$11.96–60
2030$89.96–106.95
  • The range of multiple CAKE price predictions in 2022 is really wide: from a realistic $2.255 to a bold $30;
  • Most of the long-term predictions show little confidence that CAKE can overtake its ATH of $44.18 even in 2025;
  • However, there are ultra bullish forecasts that predict PancakeSwap exceeding $100 by 2030.

What is PancakeSwap and CAKE?

PancakeSwap logo
PancakeSwap logo

Established in 2020, PancakeSwap is a Binance Smart Chain-based decentralized finance platform. At the time, decentralized finance (DeFi) was picking up the pace on Ethereum but ran into the hurdles of exorbitant network fees and transaction congestion — Binance Smart Chain became a popular alternative.

PancakeSwap is an automatic market maker (AMM) powered decentralized exchange. Provided you grant liquidity to a pool, you can list your own token on PancakeSwap with no sweat.

The native token CAKE is a governance token of the platform that can be earned through yield farming. The more liquidity you contribute, the more CAKE you can earn and the more weight your vote has in steering the protocol.

PancakeSwap Price History (2020–2022)

CAKE price chart 2020–2022
Source: CoinMarketCap

PancakeSwap launch happened in late 2020, and it was trading for roughly half dollar in the bull market. The real growth started in early 2021 in sync with BNB and Binance Smart Chain, when traders and DeFi enthusiasts picked it as a cheaper and faster alternative to Ethereum.

At the time, it rallied from below a dollar to $18.92 in February and then to its current all-time high on April 30, 2021: $44.18. Since then, it has been closed in a tightening downtrend.

In 2022 so far, CAKE is continuing this trend: having started at $11.90, by March it dipped to $5 but showed signs of recovery. In April, it managed to grow back to $10 only to fumble down again.

At the time of writing, CAKE is worth $4.31 and the token ranks 70th by market capitalization according to CoinMarketCap.

What influences the CAKE price?

CAKE Tokenomics

Having a coin be deflationary or at least disinflationary seems to be popular with cryptocurrencies, and burning is the most common approach.

Burning means removing coins or tokens from the circulating supply by sending them to an inaccessible address.

There are programmatic burns (even in Ethereum!) that automatically burn a portion of circulating supply, or burn events: quarterly burns in BNB or community-initiated burn events like in SHIB. PancakeSwap opts for programmatic burns: 100% of CAKE raised in Initial Farming Offerings (IFOs), 10% of PancakeSwap lottery profits, and a floating percentage of farmed CAKE are destroyed.

To further adapt to the changing market, the developer community decided to revamp the tokenomics of CAKE further and introduce a limit on the supply at $75 million CAKE.

Protocol Growth

Deflationary pressure is not the only thing that grows with the PancakeSwap user base: straightforwardly, the more users there are on PancakeSwap, the higher the total value of the platform. So far, so good: PancakeSwap remains one of the top DEXs by daily volume.

The anonymous community members regularly post updates to the protocol stats and the roadmap. This April, they introduced long-awaited MasterChef v2 and fixed-term staking, boosting the active trader metric by a whole 1 million from 3 million in March 2022.

Partners and Backing

PancakeSwap is one of the most popular protocols on Binance Smart Chain but it had a fair launch and is developed by an anonymous team. Which is why it became big news that Binance is officially backing them only now.

CAKE jumped up 9% on the news that Binance Labs made a strategic investment in the project’s governance token. The exact size of the stake purchased by a venture arm of the exchange and the extent of their involvement has not been disclosed.

PancakeSwap on Twitter

PancakeSwap community member CryptoKip shared the announcement from Binance Labs with their fellows. Seems like the community needed good news about the DEX.
Not only the price of CAKE reacted to the announcements. The total value locked in PancakeSwap soared and it dominated the BSC ecosystem.
Meanwhile, new products and features get added to the ecosystem. Syrup Protocol claims to operate an algorithmic stablecoin pegged to the price of CAKE.

CAKE Price Prediction 2022

Prediction service by CoinCodex paints the near future of PancakeSwap token in no pretty colors. According to their calculations, the outlook of CAKE is bearish, and the price will keep declining beyond $3.10 in July 2022.

CoinPedia authors have noticeably more confidence in the project. They speculate that by the end of 2022, CAKE will close the year anywhere between $20.51 and $30.

YouTuber Crypto Dynamics analyzes the price chart of CAKE with a wave theory in mind. In late May, he claims, the correction could extend all the way down to $2.255. However, once the correction is over, by the end of 2022 CAKE can break out to new all-time highs.

CAKE Price prediction for 2023–2024

And now, for more optimistic theories. In fact, this one may be even less realistic than others: Gov Capital predicts that in a year, in 2023 1 CAKE will be worth $34.40.

In a more realistic scenario provided by Cryptopolitan, by 2024 1 CAKE will average out at $10.69. The highest price this year will reach $12.47, while $10.32 is the lowest they expect.

CAKE Price prediction 2025

In three years, CoinQuora claims, CAKE can be worth more than $60, continuing its growth from the previous years. Their colleagues from CryptoNewsZ are less bullish but also believe CAKE will be worth $20 in 2025.

TechNewsLeader uses algorithmic forecasting, according to which CAKE in 2025 will reach $16.87 on average at the year’s end. This is the result of the growth over the course of 2025 from $11.96 in January.

CAKE Price prediction 2030

There are too many factors, some of which do not even exist yet, that will keep influencing the price of CAKE this decade. Trying to predict it more or less accurately is a futile task.

However, some analysts and web services still try. Algorithmic forecast by PricePrediction.net estimates that in 2030 CAKE will stay in the range between $89.96 and $106.95.

ChangeHero CAKE price prediction

PancakeSwap is all over the crypto news with their updated tokenomics, Binance backing and growing numbers. Nevertheless, the governance token CAKE is still stuck in a downtrend and is 90% down from its ATH.

It would take a situation similar to the Ethereum exodus in 2021 to induce another meteoric rise of PancakeSwap and the BSC ecosystem. Unless something like this happens, CAKE will be growing at a moderate pace organically.

Conclusion

PancakeSwap keeps its crown in the BSC ecosystem for years, and Binance Labs investment proves it. However, the community hopes that the updates to tokenomics will focus on utility rather than bare supply dynamics, and the involvement of investors will not change the community-driven development.

Check out and subscribe to our blog for more tips and guides. Give ChangeHero a follow on Twitter, Facebook and Telegram for live updates and even more content.


Frequently Asked Questions

What is CAKE?

PancakeSwap is an automatic market maker (AMM) powered decentralized exchange. The native token CAKE is a governance token of the platform that can be earned through yield farming.

Is PancakeSwap a good investment 2022?

Recently, PancakeSwap introduced new tokenomics for CAKE, with the main change being a 75 million limit. It became a scarce asset, but gained no new use cases.

What will PancakeSwap (CAKE) be worth in 2022?

Analysts give varied targets for CAKE in 2022, from $2.255 to $20 and even $30.

What will PancakeSwap (CAKE) be worth in 2025?

Depending on the source, CAKE is estimated to reach only $11.96 or soar to $60 in 2025.

What will PancakeSwap (CAKE) be worth in 2030?

If PancakeSwap is around in 2030, CAKE is predicted to be worth up to $106.95.

Author: changehero
November 17, 2021

The world of crypto tokens is even more unpredictable than that of coins, because new tokens appear all the time. Meet our top list of five tokens with the most potential for 2022. Key Takeaways The next cryptocurrency to explode in 2022 could be PancakeSwap, Bone ShibaSwap, MicroPets, Raydium or Loopring; The best tokens with […]

Five tokens with the most potential for 2022

The world of crypto tokens is even more unpredictable than that of coins, because new tokens appear all the time. Meet our top list of five tokens with the most potential for 2022.

Key Takeaways

  • The next cryptocurrency to explode in 2022 could be PancakeSwap, Bone ShibaSwap, MicroPets, Raydium or Loopring;
  • The best tokens with the most potential for 2022 are trending in late 2021 thanks to growing communities and plans for 2022;
  • The chains these tokens run on are Ethereum, BSC and Solana, which are already established blockchains.

Which Altcoins have the most potential for 2022?

PancakeSwap (CAKE)

CAKE price chart
Source: CoinMarketCap

PancakeSwap spearheaded the growth of Binance Smart Chain (BSC), rapidly becoming the largest DEX in the ecosystem. Liquidity providers receive rewards in CAKE for locking tokens in PancakeSwap’s liquidity pools.
At the time of writing CAKE is being traded for $17.26, which is 2,666% up in comparison to the opening price in 2021.
While not being very new, CAKE is definitely in the top tokens with the most potential for 2022. Their plans for late 2021 and 2022 include completing the NFT marketplace, improvements to liquidity pools (earning CAKE) and trading competitions (burning CAKE).

ShibaSwap Bone (BONE)

BONE price chart
Source: CoinMarketCap

It may be getting tiring, seeing us mention Shiba Inu in each of those lists but there is no denying that the project and community are growing at a breakneck speed. Rival to Dogecoin with a DeFi ecosystem of their own, Shiba Inu has been trending all late 2021.
In this list of top tokens with the most potential for 2022, however, we would like to highlight ShibaSwap’s governance token, BONE. It has a lower total supply than SHIB (250 million vs. 1 billion) and with the expansion of ShibaSwap functions in 2022, its role will definitely become bigger.
Bone appeared only in September 2021, and since then has grown to $2.36 by 145.6%.

MicroPets (PETS)

PETS price chart
Source: CoinMarketCap

Coming up third, MicroPets can be easily described as CryptoKitties on steroids: it uses NFTs that can be staked, traded, collected — all on Binance Smart Chain. So far, it looks like it will become one of the top tokens with the most potential for 2022.
Since October 2021 so far, PETS exploded in price to $0.000007156, which is 2,800% plus to the earliest registered price of the token. Out of all reviewed tokens, this is the biggest growth crypto 2021.
As an emerging project, MicroPets has a lot in store for 2022 and beyond. Upcoming milestones include farming (empowering the users’ Pets) and MicroPets Runner, a side-scrolling runner game developed by Cubix.

Raydium (RAY)

RAY price chart
Source: CoinMarketCap

Meme tokens and games tend to blow up and fade away, but tokens with actual use cases occupy a spot in the top tokens with the most potential for 2022 more securely. Raydium to Solana is what PancakeSwap is to BSC: the token of Serum DEX.
Raydium hit the markets in February 2021 and since then has grown by 59%. At the time of writing, RAY is worth $10.51.
In 2022, a larger portion of RAY tokens will enter circulation after unlocking. More traders will be able to participate in liquidity provision for incentives.

Loopring (LRC)

LRC price chart
Source: CoinMarketCap

The last but not least in the best tokens with the most potential for 2022, is Ethereum-based Loopring. Loopring is a protocol for the creation of decentralized exchanges which brings the convenience of centralized exchanges with on-chain settlement of DEXs.
The demand for this kind of service was reflected in the price movement of LRC in 2021. In comparison to the opening price of 2021, LRC appreciated by 1,472%.
The Loopring team has ambitious plans for the future. Particularly, they will be working on an on-chain insurance fund and a decentralized autonomous organization.

How to Buy Them on ChangeHero?

Trending currencies get added to ChangeHero all the time! You can already swap CAKE if you have crypto:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. 
    • The Best Rate transactions will use the rate current to the time when your funds arrive.
      The Fixed Rate will use the rate at the time of step 1;
  5. As soon as the exchange has been processed, your tokens are on the way to your wallet. 

ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].

Conclusion

What crypto will boom in 2022? Of course, no one knows for sure, but these five tokens could be the best tokens with the most potential for 2022.
Even more crypto projects are covered in detail in our blog. Feel free to follow our pages on social media: Twitter, Facebook, Reddit and in Telegram.


Disclaimer

This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

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