PancakeSwap has made it to the top trending cryptos on CoinMarketCap, despite adverse market conditions. The token went up by more than 45% within a 24-hour period before experiencing a small correction. The community sentiment around this DEX crypto is bullish, with recent tweets suggesting it is leading the charts in terms of trading volume.
What does this mean for the PancakeSwap price? Will CAKE continue to experience tailwinds and go up in value?
PancakeSwap Price Analysis
PancakeSwap’s performance for the last year has been immensely volatile, with two major bull runs.
The first one happened in March 2024 and pushed CAKE to the highest value it achieved that year – $5.2. The second one happened in November 2024, which coincided with Bitcoin crossing the $100K threshold.
Recent charts show that the DEX crypto is going through a third major pump. However, this comes as a surprise since the market conditions aren’t growth-friendly right now.
Technicals show that since February 6, 2025, the CAKE price has gone up by a massive 157%. Of course, the parabolic movement on the candlestick chart is due to CAKE being oversold at the moment. The token is currently trading close to $3, and it has a market cap of over $860 million.
Why is the CAKE Price Surging?
There could be two developments responsible for the recent pump in the CAKE price:
Revenue Sharing Model
PancakeSwap’s revenue sharing model has recently gone through an overhaul. This project is now known as vote-escrowed CAKE, or veCAKE.
Under this model, veCAKE holders can participate in proposals within the ecosystem, which lets them earn CAKE from Farms on BNB Chain, Ethereum, and Arbitrum.
The previous rendition of this project was also a success, as PancakeSwap reports that it distributed over 770K CAKE (worth $1.9 million) to stakers on a weekly basis.
BNB Price Pump
Since the BNB Smart Chain is the primary chain that PancakeSwap supports, the rise in the BNB price could also have contributed to the rise of CAKE’s value. Over the last week, the BNB price has pumped by over 22%.
This surge has been due to the announcement of BNB AI Hack, which is an event designed to help BNB Chain easily adopt AI technologies.
It is likely that BNB was able to follow the AI narrative due to this event and move up in value quickly.
PancakeSwap Price Prediction
PancakeSwap’s current price action is parabolic, and the RSI clearly shows that the tokens are currently overvalued. However, there are some developments happening which could make it a good buy in 2025. With that said, here is our price forecast for the PancakeSwap price.
Short-Term Price Prediction
PancakeSwap may be able to ride the wave of AI and the revenue sharing news for a little bit longer, giving the CAKE price a short-term boost.
However, this will happen after the price goes through a corrective phase since the token is overbought. The only way for the CAKE price to step out of this zone is to accumulate around the current level for a few weeks.
More tweets about the developments from within the ecosystem could bring another parabolic price action, and if Bitcoin touches the $100K level again, longer and larger green candles could emerge. Our conservative estimate is that PancakeSwap will be worth anywhere between $3 and $5 in the short term.
Long-Term Price Prediction
PancakeSwap could grow in the long term if evolving updates are received better by the wider blockchain community. At the time of writing, PancakeSwap has been running a limited-time affiliate program. If more startups become its affiliates, PancakeSwap could gain exposure to a wider market.
This could bring more investors to the project, leading to long-term growth. However, whether or not the PancakeSwap price would reach its all-time high cannot be answered at this moment.
Best Wallet Token – High Potential Token Powering a New DEX
The growth in the CAKE price has been the result of constant updates around its decentralized ecosystem. Therefore, investors should always be on the lookout for such assets.
Among them is the BEST Token. The token powers Best Wallet, one of the leading decentralized wallets.
What sets Best Wallet apart from the rest is that while it aligns standard functionalities that let users send and swap cryptos, it also allows users to buy and sell them. So, in a way, it acts like a decentralized exchange, with a wide variety of benefits.
Best Wallet lets users buy crypto using fiat and sell crypto to earn fiat. It also offers portfolio management features by offering users a singular module through which users can integrate their other cryptocurrency wallets. High-yield staking facilities are also available, alongside a high level of security that focuses on niche technologies like 2FA and insurance.
One of the best features of this platform, however, is “Upcoming Tokens.” Also known as Token Launchpad, it lets investors participate in partner presale programs before the said presales are made public.
The crypto launchpad has earned attention from the likes of 99Bitcoins, YouTube’s leading channel when it comes to crypto education. 99Bitcoins has stated that this launchpad is more unique than most.
The BEST Token enhances these facilities, giving users early access to presales, lower transaction fees, and higher-yield staking opportunities. Also, BEST is a DAO crypto like CAKE, which makes Best Wallet an evolving ecosystem, capable of making the same levels of gains as PancakeSwap.
