Pancakeswap (CAKE) will ever hit $100 or not?

[Review Master]

Almost everyone knows about pancakeswap and it's really popular within the crypto community and also backed by Binance . Recently, there was a DNS attack on pancakeswap website when CAKE price was too low like $9 and everyone was worried about CAKE that it'll ever hit $20 again or not. In that meantime, almost every panic sellers sell off their CAKE tokens and leave the market. But real hodlers are always with CAKE and it's now trading at $33 while i'm writing this post as pancakeswap recently launch their V2 with much more development like team will add auto-compounding for syrup pool, prediction section and continuosly burning CAKE which is the best thing ,IMHO.

So, i'm feeling like to see CAKE at $100 or even more within a short period of time as searching on Google for "Pancakeswap" is surged more than 3 times compare to Uniswap. So, what do my fellow mates think about it? Just let me know about this and what's your expected price for CAKE in the long run as bull market isn't over yet?

[zorchy]

Judging by the capabilities of the cake, it may well exceed this mark in price, perhaps I will buy a little

[mrjoy15]

Cake is now surviving reach over $35 but $100 sure we will come. Cake have every week burn and demand is gearing up high day by day. CAKE is my top 3 coins for long term. Everyone would agree that CAKE is performed well during the market correction, it's good idea convert all my BNB to CAKE.

[Review Master]

Everyone would agree that CAKE is performed well during the market correction, it's good idea convert all my BNB to CAKE.

That's right and even in the correction time, everyone's expecting to see another major correction of cake so that they could buy more. But, cake didn't take that much correction, perhaps it pumped a lot and made new ATH everyday with little correction from the high price. TBH, it's best to hodl 40% BNB in our portfolio as BNB isn't stopped yet from taking bullish rallly as more new ATH is on the way.

[aiviaa485]

Pancakeswap is truly extraordinary for its price increase because Pancakeswap coins are widely used by traders and investors on their DEX platform.
I think this is a simple breakthrough that everyone likes because the Pancakeswap coin is very useful for the future.
Pancakeswap can provide profits by Farming and Staking and this is really wanted by everyone and taken advantage.
Pancake Swap could break the price of 100 USD because of the small supply, its rival for UNIswap, which costs billions of coins, especially Pancakeswap, which is burned every time.

[Zed0X]

Well, who knows what's gonna happen. Based on the trend and how I think this bull cycle for altcoins is going to play out, it may peak at around $80. I'm hoping it could break my expectation and go higher because I also hold some since $5

Their new feature Prediction game is quite cool. I'm not sure how that's going to help once the final version comes out though.

[Dexzon]

-snip-

You are so lucky mate, I have been holding CAKE since the price of $11 and after I saw PancakeSwap V2 with the latest version, I hoped the price could reach $40 so my prediction was right  , now the price has gone above $42.
https://www.altcoinstalks.com/index.php?topic=207457.msg1157237#msg1157237

[Zed0X]

~
You are so lucky mate, I have been holding CAKE since the price of $11 and after I saw PancakeSwap V2 with the latest version,

Well, you're also in profit. Congrats. I somehow knew it's going to be used by many retail traders who will migrate from Uniswap because of the gas fees. Price will pump as a result of that.

I hoped the price could reach $40 so my prediction was right  , now the price has gone above $42.
https://www.altcoinstalks.com/index.php?topic=207457.msg1157237#msg1157237

I'm actually talking about their prediction game which is currently in beta version. Visit the website and play/gamble if you want.

[fallenangel1789]

I think it is possible. It is already around $45. But remember if the bear market starts no one will hold this coin anymore. ETH network starts to reduce gas fee. Now it is around 40gwei. When updates end we start to see 10 gwei at ETH network, BSC network and its swap projects will lose their hype.

[Review Master]

I think it is possible. It is already around $45. But remember if the bear market starts no one will hold this coin anymore. ETH network starts to reduce gas fee. Now it is around 40gwei. When updates end we start to see 10 gwei at ETH network, BSC network and its swap projects will lose their hype.

Everything has pros and cons and both ethereum as well as binance smart chain has those, but we need to look into the volume and userbase of any chain before thinking that it won't be last long if bear market starts. Compare to uniswap, pancakeswap is still having more volumes and it's still growing. Also, ethereum's gwei price isn't that much stable as it's increased whenever any IDO is going on, but i'm still hoping that ethereum's gas fee will be reduced more by the end of July as london hardfork will be done in July. Happy to use both ethereum and BSC for yield farming. TBH, every project dump in the bear market, it's just not about eth, bnb , uni or cake. 

[Zed0X]

~ ETH network starts to reduce gas fee. Now it is around 40gwei. When updates end we start to see 10 gwei at ETH network, BSC network and its swap projects will lose their hype.

BSC and its AMMs/DEXs/Yield Farmning aren't just hype. It's working and people are actually using them. Not to mention, gas price is at 5-6 gwei and it could go even lower.

Why do you even assume that BSC users will leave once EIP-1559 is live? Mind you that a lot of projects from Ethereum and other blockchains have also used the Binance bridge.

On a side note, I saw a post that estimates total fees over $100 for swapping on erc-20 tokens. That's with current ETH fees of 40 gwei. 

~
TBH, every project dump in the bear market, it's just not about eth, bnb , uni or cake. 

Exactly. If people could dump BTC for stable coins, every other cryptocurrencies would be dumped as well.

And yeah, I would still scoop up CAKE (at a lower price) and continue stake even during the bear market.

[Review Master]

Why do you even assume that BSC users will leave once EIP-1559 is live? Mind you that a lot of projects from Ethereum and other blockchains have also used the Binance bridge.

And yeah, I would still scoop up CAKE (at a lower price) and continue stake even during the bear market.

Basically, every projects try to use multiple blockchain which are more preferable by the community so that everyone can use the services from those projects whether it's on ethereum or BSC. Sometimes, high fees won't be preferable for small crypto hodlers who would like to use that project's services by paying small fees. In those cases, both ethereum and bsc will be continuously growing and only small crypto hodlers will again use ethereum who can't use every services for high gas fee ATM. 

BTW looks like, both of us are on the same train as i'm also planing to to continue my yield farming even if bear market starts. TBH, bear market will give us more chance to grab high amount of cake as price will be low, but amount of cake will increase according to APY/APR.

[Zed0X]

~
TBH, bear market will give us more chance to grab high amount of cake as price will be low, but amount of cake will increase according to APY/APR.

Exactly. I'm pretty sure it's not only us who plans to do the same thing especially with the new innovations of DEX/AMM/Yield Farming platforms like Pancake is offering. The price per CAKE could go down but the project will be supported as long as they continue to deliver products that users wants.

[shadowdio]

I also believe that Cake will hit $100 because of the pancakeswap platform, there are many projects that you can stake using cake so for sure cake price will mooning if more and more projects will get into pancakeswap.

[babu10]

From this graph i am really hopeful about CAKE token and i also think this will easily hit to $100 and that would be very soon. Actually for ETH high gas fee, BNB or BSC platform are highly demand-able so that their platform token must be hit into market. But i'm not agree with that is all BNB have to convert to CAKE.