What is the pancakeswap (cake) token price prediction?

Recently, the PancakeSwap (CAKE) token hit a new all-time high of $44. Some traders have been taking early profits and the token has pulled back about 15 percent from its peak to trade at $37. What is CAKE's price prediction and when will it reach $100?

Is pancakeswap (cake) outperforming other cryptocurrencies?

With a price increase of 0.20% in the last 7 days, PancakeSwap (CAKE) is outperforming the global cryptocurrency market which is down -1.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How much will cake be worth in 2025?

CAKE sports optimistic price predictions. The usually conservative WalletInvestor projects CAKE’s price to hit $94 a year from now. It sees the token exceeding $311 in five years. At Digital Coin Price, they see CAKE closing 2021 above $56. They forecast the token’s price to top $120 in 2025. When will CAKE reach $100?

What is a cake token & how does it work?

The primary function of the CAKE token is to incentivize the token holders by offering liquidity to the exchange. The token holders can vote on proposals concerning the PancakeSwap ecosystem. Voting provides a voice to the community of PancakeSwap to have a say in how the platform can develop itself into the future.