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

Sophokles

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Quote from: JariKriting on January 05, 2024, 10:22:50 PM

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.

dansus021

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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

yohananaomi

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Quote from: Dunamisx on January 06, 2024, 09:34:44 AM

Quote from: JariKriting on January 05, 2024, 10:22:50 PM

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.

Dunamisx

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Quote from: JariKriting on January 05, 2024, 10:22:50 PM

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.

batang_bitcoin

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Quote from: JariKriting on January 05, 2024, 10:22:50 PM

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.

Quote from: JariKriting on January 05, 2024, 10:22:50 PM

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.

Webetcoins

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Quote from: Essential10 on January 04, 2024, 05:39:47 AM

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.

JariKriting

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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.

peter0425

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Quote from: 2Pizza410000BTC on January 04, 2024, 10:15:40 PM

Quote from: peter0425 on January 04, 2024, 03:07:30 AM

Quote from: 2Pizza410000BTC on January 03, 2024, 09:12:45 PM

Quote from: mdzahed134 on May 29, 2023, 03:18:06 PM

Quote from: kevinzxz on March 28, 2023, 01:05:50 AM

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 .

Quote from: Essential10 on January 04, 2024, 05:39:47 AM

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.

2Pizza410000BTC

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Quote from: peter0425 on January 04, 2024, 03:07:30 AM

Quote from: 2Pizza410000BTC on January 03, 2024, 09:12:45 PM

Quote from: mdzahed134 on May 29, 2023, 03:18:06 PM

Quote from: kevinzxz on March 28, 2023, 01:05:50 AM

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.

Sophokles

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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.

Dunamisx

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Quote from: Essential10 on January 04, 2024, 05:39:47 AM

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.

Essential10

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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.

peter0425

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Quote from: 2Pizza410000BTC on January 03, 2024, 09:12:45 PM

Quote from: mdzahed134 on May 29, 2023, 03:18:06 PM

Quote from: kevinzxz on March 28, 2023, 01:05:50 AM

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 .

2Pizza410000BTC

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Quote from: mdzahed134 on May 29, 2023, 03:18:06 PM

Quote from: kevinzxz on March 28, 2023, 01:05:50 AM

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.

zasad@

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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."

mdzahed134

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Quote from: kevinzxz on March 28, 2023, 01:05:50 AM

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$.

Tytanowy Janusz

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Quote from: Tytanowy Janusz on June 22, 2021, 04:17:31 AM

Quote from: numanoid on June 21, 2021, 09:29:21 PM

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:

Quote from: Tytanowy Janusz on April 21, 2021, 05:46:03 AM

Quote from: numanoid on April 21, 2021, 05:42:49 AM

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.

WalkerIVIV

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Quote from: Boomber on May 28, 2023, 06:00:22 PM

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.

Boomber

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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.

Weawant

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Quote from: Similificator on April 05, 2023, 03:56:26 AM

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.

Topic: PANCAKE (CAKE) will reach $100. My own goal, NFA (Read 3215 times)