PANCAKE (CAKE) will reach $100. My own goal, NFA

[irsykes]

Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.

indeed altcoins need the strength of bullish support to reach the new ATH price, sometimes if they are already in a high price position there will be large dumps by altcoin holders who will sell quickly. and reduce the volume being processed. sometimes I think I have to be quicker to take positions when altcoin prices are discounted to buy and sell at peak prices

[blockman]

I bought cake when it was $4+ and I'm still at losses on it but that's okay since I've registered it on pancakeswap's stake.

Pancake will hit $100 only if bitcoin goes into bull season in upcoming cycles. Maybe 1 - 2 or more halvings. Just to admit, bitcoin price appreciation is a necessary condition and cake has to develop and adapt well to situations in line with market demand - a sufficient condition. The altcoin space is competitive and the market is constantly evolving, the capital trajectories of decentralized ecosystems can change at any time. So that's a built in goal for each person.

We're unsure with that but I'd love to see that happen and that's possible. We all know that bitcoin's price is the major factor for the price of altcoins like cake to go up. I would like to see it someday that my farming in cake will be worth it before the bull run happens. I don't have a lot of cake but it's still worth it if it ever hits $100, I'll get around a couple of hundreds if that happens plus the potential amount I'll earn from staking it.

[kevinzxz]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

[Ketesnuko]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then,, of course the price of CAKE can increase at least $100 or even more.

That is if another better swap project doesn't take cake place, this speculation remains uncertain because this days better swap platforms are coming up, from the arbitrum chain and optimism, even Uniswap might get taken over, I am not saying Cake will fail, it's one of the best swap on BNB chain but I am concentrating on money flow, by next bull season more money might flow into new swaps.

[btc78]

in that halving season (when you created this post)  yet the price did not go even closer to that price but at least 44$ is the highest reached value.
and maybe in the next halving? possibilities can happen lol.

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

wrong , the ATH is 44 dollars mate and yes this can grow more in the coming years as people love swapping nowadays.

[Xetonica]

The Pancake (Cake) had good numbers of supporters and traders now.As like Binance,Trust wallet,the cake also used as the exchange of crypto from altcoin to most of the trusted crypto currency.So the demand of cake will keep on increasing in upcoming days.All time high of 43$ is very huge for the new coin like cake.Cake competitors are Kucoin,Binance,WRX.So when ever the price of this coins increases,the price of Cake also increases.The price of cake is also dependent on Market,the market also impact the Cake price.Next target of the Cake will be 100$,expected to reach in this year.

[errorcode99]

This is an interesting study. Even when the prices of other altcoins are falling, CAKE's prices are going up quite a bit. However, I recently checked out this coin and found the graphics to be absolutely stunning. If CAKE becomes a popular and commonly used DEX for BSC in the future, I believe CAKE's price will exceed the price of other Altcoins. Maybe I should consider keeping these coins.

[Similificator]

Indeed, CAKE coin is a good coin to buy considering its supply and the way it has been running to this day but I would be quite cautious about it since there are also several competitors that offers some if not entirely the same services as PANCAKESWAP not to mention the possibility of better options popping out in the coming months as well. With all these considered, invest but don't overdo it. Just enough to make you happy when the bullish season comes and just a bit sad when the price doesn't head towards the direction you dream of. hehe.

[Weawant]

Indeed, CAKE coin is a good coin to buy considering its supply and the way it has been running to this day but I would be quite cautious about it since there are also several competitors that offers some if not entirely the same services as PANCAKESWAP not to mention the possibility of better options popping out in the coming months as well. With all these considered, invest but don't overdo it. Just enough to make you happy when the bullish season comes and just a bit sad when the price doesn't head towards the direction you dream of. hehe.

There should be better and newer decentralized exchange tokens coming out in the next bull market although having some old ones isn't a bad idea. As it stands this prediction is looking impossible to achieve and not even UNI can achieve it.

Maybe a price of $30 can be achieved in the next bull market and that should be around 10x return but as for $100, that'll be asking too much of the project. Pancakeswap is no longer been hype as it was when it was launched.

We now have other swaps on the Binance blockchain and Binance also have their own decentralized exchange so alot of volume won't be going to pancakeswao anymore and that volume is needed for the price of their token to increase.

[Boomber]

of course it can happen, because CAKE is one of the biggest and most popular swap exchange, besides that CAKE is also a DeFi that is widely used by people, so that makes me sure if CAKE can reach $100 someday and there's nothing wrong if we add CAKE in portfolio for long term investment.

[WalkerIVIV]

of course it can happen, because CAKE is one of the biggest and most popular swap exchange, besides that CAKE is also a DeFi that is widely used by people, so that makes me sure if CAKE can reach $100 someday and there's nothing wrong if we add CAKE in portfolio for long term investment.

it would be better if this platform could integrate some of the newest layer 2 blockchain into their platform really fast, like many other swap platform has been doing, i think in this regard cake is really slow and couldn't take advantage of momentum.

[Tytanowy Janusz]

And yeah, just fucking don't qoute the whole of my OP to just reply with your shitpost. Idc what CAKE price it's, if it got dump i will buy more, if it reached my goal, i might be sell some. What's problem with you? I don't even care what CAKE price will be reached this year, LOL

The problem with this approach is that if its the end of bull market ... and everything says it is ... next bull market we may see in 2023-2025 and until then someone might deliver better product than pancake and you will be left with your bags that are exposed not only to investors rage quitting but also to huge inflation that I was mentioning long before.

You did pick good project, the problem is that you bought it in worse possible moment (after pump from 20 cents to 20$ in just 4 months). You were lucky that we seen final push to 40$ but you fucked up not taking profit.

As I said:

Ah so, an experienced investor like you should be very rich now. Where i can see your name on forbes as top richest person in the world? Since you likely "predicted" everything.

https://www.forbes.com/real-time-billionaires/
Oh damn, there is no Tytanowy Janusz on the list

I still believe that market is very close to strong bounce back and +50% or even x2 from current price is possible but not selling at this point will be a sin. And you may say that you dont care about price and if it will dip more you will buy more. ok. But its not investing. Its gambling. you gamble that in next 5 years no one will deliver better product than pancake. And its impossible to be 100% sure here. Its not bitcoin nor etherum where such approach may work. Its just token that is backed by single swap on single chain and huge inflation. Someone will deliver cross chain swap with build in bridges and you will be cooked. Low cake price also may cause a collapse of liquidity - 4,9% APR for USDC-BUSD is weak. With 5$ per cake it will be 2%. People will start to withdraw liquidity and FUD caused by htis will trigger even bigger price collapse. I know its the darkest scenario but you, as investors, should calculate risks. Not buy, buy more, buy more, pray more.

I was a bit rude with my statements when advising against investing in cake in 2021 at $10-$40. Too rude, but so far everything is as I predicted. The bull market is over, the bear market came and crashed altcoins hard. Now it's 2023, cake at $1.5 after a -97% ATH dump. So far, there is still no better product on BSC. No better product elsewere.
@numanoid do you still hold and control the cake investment? is there any valid reason for the recent dumps? Fundamentally okay? I'm asking because I'm wondering now to pick up the hole after the market crashed in panic, dumping -50% in a month. The current price and position outside the top 100 CMC seems like a super promotion.

[mdzahed134]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.

[zasad@]

https://www.coindesk.com/markets/2023/12/28/pancakeswap-proposes-to-reduce-cake-token-supply-by-300-million/
"Decentralized crypto exchange PancakeSwap's Thursday proposal to reduce the supply of its CAKE token by 300 million was welcomed by most of its voting community.
The decentralized autonomous organization (DAO) controlling the governance of PancakeSwap floated a vote proposal to reduce the maximum supply of CAKE from 750 million to 450 million. The voting period began in early European hours on Thursday and will last until 8:00 am UTC on Friday."

[2Pizza410000BTC]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.

I also agree with you because it's not possible for PancakeSwap to reach $100. PancakeSwap is currently at $3.08 with a long way to go to reach $100. However, on 30/04/2021, the price reached a high of $44.1823, but currently the price has come down a lot. In my view, I would say it is doubtful whether PancakeSwap can recover its price. But let's see if PancakeSwap can recover its price during the bull season.

[peter0425]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.

I also agree with you because it's not possible for PancakeSwap to reach $100. PancakeSwap is currently at $3.08 with a long way to go to reach $100. However, on 30/04/2021, the price reached a high of $44.1823, but currently the price has come down a lot. In my view, I would say it is doubtful whether PancakeSwap can recover its price. But let's see if PancakeSwap can recover its price during the bull season.

Thats the ATH but having its price now? who will believe that Pancake will reach 100 dollars any time soon? with 1 digit value now am not sure that even in the next bullrun this will attain 3 digits .
and also swapping nowadays have lost their momentum so there is a small chance this will get up to 10 dollars above again .

[Essential10]

PancakeSwap is popular but I think PancakeSwap price will not reach its previous ATH in next few years. There are a few reasons why PancakeSwap is unlikely to reach $100  First, it would imply a very high market cap, which may not be feasible given the project's current uptake and growth potential. Reaching such a high price would require a significant increase in demand and trading volume, which may be difficult to achieve. Overall, although PancakeSwap has growth potential, I don't think it's likely to reach $100.

[Dunamisx]

PancakeSwap is popular but I think PancakeSwap price will not reach its previous ATH in next few years. There are a few reasons why PancakeSwap is unlikely to reach $100  First, it would imply a very high market cap, which may not be feasible given the project's current uptake and growth potential. Reaching such a high price would require a significant increase in demand and trading volume, which may be difficult to achieve. Overall, although PancakeSwap has growth potential, I don't think it's likely to reach $100.

I've seen some projects that have shown eminent performance to show that they can also revisit their all time high again as long as it's been consistently considered for that through it's investors, as you have said, if there could be a magic that could make the market cap and trading volume of pancakeswap rises then it could get more attractive attention to perform well if it well funded.

[Sophokles]

They burned a lot of their tokens from circulation which is bullish news for the CAKE community. Also this will surely have an effect on the price and their it is one of the biggest dex on BNB chain so i think the CAKE community will enjoy the rally. If uniswap can make a rally towards the 100$ then CAKE also has a chance to follow the same way but 100$ undervalued or overvalued? I wants to assume a realistic value as i am not a CAKE holder and i think the price can easily cross 40$ in the next bull run.

[2Pizza410000BTC]

the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.

Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.

I also agree with you because it's not possible for PancakeSwap to reach $100. PancakeSwap is currently at $3.08 with a long way to go to reach $100. However, on 30/04/2021, the price reached a high of $44.1823, but currently the price has come down a lot. In my view, I would say it is doubtful whether PancakeSwap can recover its price. But let's see if PancakeSwap can recover its price during the bull season.

Thats the ATH but having its price now? who will believe that Pancake will reach 100 dollars any time soon? with 1 digit value now am not sure that even in the next bullrun this will attain 3 digits .
and also swapping nowadays have lost their momentum so there is a small chance this will get up to 10 dollars above again .

PancakeSwap is currently priced at $3.16. But when the bull season starts, it can go up to $10 or even more. I accept your prediction that reaching $10 will be possible for PancakeSwap. But I not believe in reaching $100 because there is still a long way to go to reach $100.