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Author Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA  (Read 3180 times)
peter0425
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January 05, 2024, 08:35:01 AM
 #241

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.
with all of that we both agree, it can easily reach 10 dollars as there are a bull coming and the market will mostly pushes top 50-100 coins to grow higher but yeah that 100 dollars seems to be impossible because pancake and other swapping porjects have lost their popularity years back .
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.
not until there is a new update , indeed that we will never be seeing that growth to cake in our time now and even in future.









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January 06, 2024, 03:22:50 AM
 #242

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
 pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.

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January 06, 2024, 11:34:33 AM
 #243

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 know it was popular before because its exchange was still hot back in time during the boom of BSC tokens, but I'm not really sure now since many crypto projects and exchanges have coming out, and I'm not really that updated on dealing with the tokens and altcoins.

So, you might be right that it may not reached its all time high anymore. Sorry for saying that, to those who will read this and if you are a supporter of this token. Pancakeswap's ATH was $44, but if we think it is unlikely already, then how much more that $100 the OP is assuming? That would be even harder for the token not only because of what I said earlier but also to the factors that you have given there mate.

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January 06, 2024, 01:24:55 PM
 #244

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
Everyone is free to speculate and people can name numbers with the predictions that they say like that.

pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.
And that's why it is a speculation or prediction that OP is believing it. What if it happens in the future? No one knows and if it won't happen, those that don't hold it are totally fine because you don't have to stress yourselves with it.



 

 

 

 

 

 


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January 06, 2024, 02:34:44 PM
 #245

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
 pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.

Who knows maybe this halving and bullrun will be the major reason to boost the performance of this coin, but there must be a tangible evident to fall back on by first seing the market cap rising and then the market volume as well, we cannot predict the exact coin next to rise, not even by their parameters as indicated from their market performance, you can suddenly discover a coin speedily rising while it's developing it's market along side.



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February 03, 2024, 11:42:15 PM
 #246

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
 pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.

Who knows maybe this halving and bullrun will be the major reason to boost the performance of this coin, but there must be a tangible evident to fall back on by first seing the market cap rising and then the market volume as well, we cannot predict the exact coin next to rise, not even by their parameters as indicated from their market performance, you can suddenly discover a coin speedily rising while it's developing it's market along side.
It is normal that there is no confidence in being able to increase to $100, but if you analyze the last ATH, which was achieved at $40 where the starting price was very low at only $1, of course this ATH is an achievement in itself.I agree with you that we cannot know the halving period after which it will enter a bullish period. Of course, it will provide a surprise for all coins, including, of course, pancakes. It is not impossible that it will provide a boost due to active use, but it must be admitted that pancakes are still often used compared to what they are up to now. This. So for me, it's probably not impossible that a renewable ATH can be created again by him.

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February 04, 2024, 02:22:41 AM
 #247

the only problem with cake is that they have unlimited supply at least for now but I hear that the dev is making a proposal to make the maximum limit cap for the pancakeswap and I hope it's true.

I know that Cake is regularly burn but unlimited supply is just not my thing I love when there is coin that has max cap on it. so point is cake can reach 100 if there are max cap in my opinion. and ofcourse they can reach beyond 100$ since the app itself are growing not just happen in BSC as their main platform

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February 04, 2024, 04:13:14 AM
 #248

I still can't believe that the pancake swap price can skyrocket incraese to 100 dollars.
 pancake ATH has never touched the price of 100 dollars or far from 100dollars.
the highest ATH price of pancakeswap cake is only 40 dollars.

Pancakeswap is the uniswap of the BSC chain and its still popular on bsc network. It has the potential to touch 100X? It depends on how the BSC ecosystem expands in the upcoming bull season. Other layer 2 of ETH is expanding their ecosystem rapidly and we have seen how an arbitrum layer 3 network launches with a multibillion-dollar FDV marketcap. That is insane for a project that is built on top of the ETH layer 2 project. In this race if BSC wants to hold their top position they need to be innovative, and without the expansion of the BSC ecosystem, I am not sure how well CAKE will perform.









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