PancakeSwap Price Predictions: Is it a Good Investment?

With more Americans going back to work than ever, and U.S. personal disposable income at record levels, those that aren’t piling up excess consumer loans have more savings than ever. 

This has fueled explosive retail investor demand for securities along with low fees and commission-free brokerage apps for buying stocks and cryptocurrencies.

With inflation at historic highs, households with excess savings from disposable income are looking for hedges to protect and grow the wealth in their savings portfolios.

Whether saving long-term for large purchases like a house or college tuition, or for retirement, professional financial advisors generally recommend investing 15% – 20% or more of your income long-term in a diversified portfolio that matches your growth goals and risk profile.

Bear in mind that there are a number of IRS forms you can fill out to manage your own tax-incentivized retirement accounts to enjoy massive tax savings over your lifetime, and include cryptocurrencies or other commodities like gold in your Roth IRA or 401K.

Would you consider PancakeSwap as an addition to your portfolio for an inflation hedge?

Professional financial advisors, hedge fund managers, and institutional financiers that were initially wary or standoffish about cryptocurrencies are now interested in them.

They’re even offering support for crypto custody products to their clients. Fidelity will later this year allow account holders to save up to 20% of their 401(K) account totals in bitcoin.

Analysts for major banks like Bank of America are cautiously bullish on Bitcoin’s price by the end 2022. They are meanwhile cautiously optimistic about equity markets.

Wall Street generally expects the S&P 500 to rally in the second half of the year and recover earlier losses, closing the year even or slightly ahead.

But if you’re looking for a cryptocurrency to add some diversity or inflation hedge to your book, here’s a quick, up-to-date guide on (CAKE) with PancakeSwap price predictions.

Is PancakeSwap (CAKE) a good investment?

What Is (CAKE)?

PancakeSwap is a DEX or decentralized exchange for cryptocurrencies. That means the entire platform for executing exchanges is distributed across a peer-to-peer network.

That is opposed to centralized exchanges like Binance or Bitstamp.

These exchanges operate on platforms that are owned and managed by private companies that take orders from users and execute trades.

With decentralized exchanges like PancakeSwap:

• There is no owner.
• The platform is hosted by anonymous peers on a distributed network.
• Fees are transparent, fair, and stable.
• Fees contribute to liquidity pools to fulfil orders.
• Automated market maker protocols manage the accounts and order book.
• Network users can “farm” crypto, letting PancakeSwap’s AMM protocol borrow it for a while for liquidity to fill orders and then pay them a reward in a portion of the order fee.
• All of this is mediated on a permissionless, trustless, decentralized blockchain network. All you need is a device and software to participate.

(CAKE) and (SYRUP) News

In early June, Binance Labs made a strategic investment in (CAKE) for an undisclosed amount. (CAKE) is the governance and use token of the PancakeSwap network.

It might be too late to profit immediately from this news. (CAKE) tokens surged 10% in price on other liquid crypto exchange markets over the news. So markets may have already priced it in.

But the backing of Binance Labs as a strategic partner is a long-term tailwind for the crypto and provides underlying fundamental support to its market price.

PancakeSwap’s ecosystem for exchanging BEP-20 tokens continues to thrive and makes new additions of liquid trading pairs to offer users more markets.

Minosis (MNS), a specialized crypto for miners, was listed on the DEX earlier this month. Memebank (MBK), a web3 crypto exchange for meme coins, announced this month that it will be on Swap soon.

Is PancakeSwap A Good Investment (CAKE) and (SYRUP)?

PancakeSwap is known for running lightning-fast transactions to execute exchange orders over its network. It has over 3,000 coins listed and over 4,300 liquid trading pairs.

The decentralized exchange hosts a daily trading volume of cryptocurrencies in the hundreds of millions of dollars worth of cryptocurrency. So it is a healthy, active exchange with a massive active user base, and offers an enormous product menu to its users.

From that standpoint of fundamental analysis, PancakeSwap is a good investment at first glance. PancakeSwap is built to exchange BEP-20 tokens for the Binance Smart Chain.

That is also a healthy, active, well-capitalized crypto ecosystem.

And BSC offers growing demand for its tokens with a lightning-fast, cheap product as well. It can produce a new block every 3 seconds.

PancakeSwap Price Prediction 2022

Bear in mind that price predictions can never be certain, and can often turn out wrong, and that past results don’t guarantee future ones, but PancakeSwap price forecasts for 2022 look positive. With investors looking for yield to get ahead of inflation, PancakeSwap’s fees for farming your crypto to provide market liquidity for the exchange are attractive.

TradingBeasts forecasts a price of around $5.00 for CAKE for the foreseeable future. CryptoNewsZ expects a wild ride to $10.00 a coin sometime this year or next. The price could go even higher than that, but it can also go lower. Be sure not to invest any amount that you will need for expenses in the foreseeable future.