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Sport News | PancakeSwap Price Predictions: Where Will A New Roadmap Take The CAKE Crypto?

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PancakeSwap Price Predictions: Where Will A New Roadmap Take The CAKE Crypto?

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One of the most sought after cryptocurrencies by investors today is Pancake Swap (CCC:CAKE-USD). Although down around 3% at the time of writing, CAKE crypto rose earlier this morning twice, before leveling off. Questions as to where PancakeSwap’s price will go from here remain, as the decentralized finance automated market maker continues to struggle against market headwinds.

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Despite these macro headwinds, some investors seem to believe that PankcakeSwap could be a long-term winner. This decentralized exchange, providing pools of liquidity to investors, has gained increasing interest over the past year as a way to play on raising capital in the crypto industry. Of course, capital flows seem to be negative right now. However, a new roadmap could be the catalyst that many investors believe can drive the CAKE token forward in the long term.

Let’s take a look at what this roadmap is all about and why investors might want to look at this token.

Where does the PancakeSwap price go?

Over the past week, a number of reports have highlighted specific catalysts in this roadmap that are worth considering. For starters, this roadmap provides timelines for developers to take action. Previously, this list was rather vague, leading to investor apathy.

Second, this roadmap includes a number of new features that many consider to be worthwhile upgrades. The platform is coming Initial farm offer 3.1 is one of the most eye-catching updates. This update will feature new syrup pools (liquidity pools) and private sales. Additional benefits for those staking tokens on this platform should improve the economics of the token. At least, that’s what the bulls suggest.

Here are some of the price predictions for CAKE (currently trading at $7.50 per token) from the experts:

  • Wallet Investor predicts that CAKE could reach $7.51 in one year and $5.31 in five years.
  • Digitalcoin provides price targets for 2023, 2025, and 2028 of $11.99, $16.09, and $31.44, respectively, for CAKE.
  • Finally, CryptoNewsZ suggests that CAKE could hover around $45 in 2023 and $67 in 2025.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to publishing guidelines.

PancakeSwap Price Predictions: Where Will A New Roadmap Take The CAKE Crypto?

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