{"id":1113,"date":"2021-07-10T01:15:07","date_gmt":"2021-07-10T05:15:07","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1113"},"modified":"2021-07-10T01:34:26","modified_gmt":"2021-07-10T05:34:26","slug":"pancakeswap-price-prediction-cake-could-pump-to-20-usd","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/pancakeswap-price-prediction-cake-could-pump-to-20-usd","title":{"rendered":"PancakeSwap Price Prediction: Burn and Emission Reduction, CAKE Could Pump to $20 USD"},"content":{"rendered":"\n
\"Pancakeswap
<\/figcaption><\/figure>\n\n\n\n

Cryptocurrency and token exchange has been through and evolution.<\/p>\n\n\n\n

This flexibility bodes well for traders who now don’t have to register, submitting sensitive personal details and projects that don’t have to pay high listing fees.<\/p>\n\n\n\n

PancakeSwap<\/a> is one of the most active DEXes in DeFi<\/a>. Launching from the Binance Smart Chain (BSC)<\/a>, it is the pulse of all swapping activities in the burgeoning ecosystem.<\/p>\n\n\n\n

PancakeSwap Market Overview<\/h2>\n\n\n\n

At the time of writing, CAKE\u2014the governance token of PancakeSwap<\/a>\u2014is stable on the last trading day, adding 12 percent week-to-date at the back of decent trading volumes.<\/p>\n\n\n\n

The token is presently changing hands at around $14, while trading volumes are up 44 percent to around $288 million on the last trading day.<\/p>\n\n\n\n

Most importantly, CAKE prices are bottoming up after sinking more than 80 percent of 2021 gains.<\/p>\n\n\n\n

CAKE prices could recover depending on the level of support and buyers’ confidence; even expand to$43 in a buy trend continuation pattern.<\/p>\n\n\n\n

However, this depends on how CAKE\/USDT prices react at the middle BB and $20\u2014a round number.<\/p>\n\n\n\n

A sharp, high volume close above this level may mark the beginning of a new wave of demand, lifting CAKE to new H2 2021 highs.<\/p>\n\n\n\n

PancakeSwap Market Movers<\/h2>\n\n\n\n

PancakeSwap, as aforementioned, is one of the most active DEXes in BSC. A fork on Uniswap, the project leverages several benefits on the BSC.<\/p>\n\n\n\n

One of them is the scalability of the base layer that subsequently pushes transaction fees to manageable levels. This way, traders can confidently swap tokens, even provide liquidity or participate in other complex DeFi operations without worrying about their racking up high transaction fees.<\/p>\n\n\n\n

\n

The trading fee on @PancakeSwap<\/a> is 0.25%, and it is broken down as follows:

Supply-side revenue:
\u2022 0.17% – returned to liquidity providers

Protocol revenue:
\u2022 0.03% – sent to the PancakeSwap treasury
\u2022 0.05% – sent towards CAKE buyback & burn pic.twitter.com\/T1L1Mg3Qym<\/a><\/p>— Token Terminal (@tokenterminal) July 2, 2021<\/a><\/blockquote>