This year has been quite a turbulent one for CAKE, the token of the decentralized exchange (DEX) PancakeSwap, causing its price to crash. The coin is still down more than 60% year-to-date, even though the downturn has slowed. However, it has announced intentions to extend to new blockchains to buck this negative trend.
CAKE is one of the best-decentralized exchanges on the crypto market, and it has been able to help investors generate wealth, despite its poor performance in recent times. However, tokens like D2T, IMPT, RIA, and TAMA have been able to help investors regain their lost assets while promising better gains in 2023 and beyond.
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CAKE Price Prediction
On September 29, 2020, CAKE launched at $1.37 and struggled for the first few months to surpass that price. However, the bull market of 2021 led to CAKE’s most significant increase to date. The cryptocurrency surged to its all-time high of $44.18 on April 30, 2021. After that, the token has gone on a rollercoaster of price increases and declines.
Below is a chart to show the price performance of CAKE in the last few years.
As of this writing, PancakeSwap (CAKE) has a market cap of $688,432,200, according to CoinMarketCap. With recent advancements, partnerships, and interest in NFTs, PancakeSwap’s future is bright. Here’s a table to show CAKE’s price prediction for the next three years:
|
Year |
minimum price |
maximum price |
|
2022 |
$5.23 |
$5.57 |
|
2023 |
$7.77 |
$9.12 |
|
2024 |
$11.25 |
$13.93 |
|
2025 |
$16.02 |
$19.10 |
Furthermore, the PancakeSwap team plans to launch new projects, which will accelerate its expansion and uptake. These projects and upgrades will help to improve the adoption of the CAKE token, thereby increasing its overall value. However, if you’d like to look toward better cryptocurrencies, you can check out the ones listed below:
● Dash 2 Trade (D2T)
● IMPT.io (IMPT)
● Calvary (RIA)
● Tamadoge (TAMA)
● Algorand (ALGO)
Dash 2 Trade (D2T)
Dash 2 Trade (D2T) is an all-in-one cryptocurrency analytics platform that offers D2T, its native cryptocurrency, exclusive access to its services. The D2T token is currently being sold through nine presale rounds. The token has already raised almost $6 million.
The platform has three monthly membership plans: a Free tier, a Starter tier, and a Premium tier, the latter two of which can only be purchased with D2T tokens. Early investors in the D2T token presale will receive a 39% price return when the price increases from $0.0476 to $0.0662 throughout the nine presale rounds. D2T, presently on stage 4, will increase by 32.4% by the end of the presale. D2T has raised $5,601,872 since the start of the presale.
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IMPT.io (IMPT)
IMPT , a blockchain-based project built on Ethereum, has a 3 billion token supply, 60% of which is being distributed over three presale rounds. Investors can connect with their preferred retailers using the IMPT shopping network to earn IMPT tokens. The IMPT has worked with thousands of companies, including Microsoft and Amazon, that are prepared to donate a portion of their profit margin to environmental initiatives. In the future, the tokens can be used to purchase tokenized Carbon Credits, which stand for a ton of CO2 emissions to be offset.
IMPT’s initial presale stage raised $10.8 million from 600 million tokens, making it one of the greatest 2022 cryptocurrency presales. Before the price increases to $0.028 for the final round, interested investors can purchase the 660 million tokens specified in the second presale stage, which is currently underground.
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Calvary (RIA)
Calvaria (RIA) is generating a lot of interest in the market and moving quickly through its presale; it has already reached stage 4 out of 10 and has raised around $1.5 million. With its fantasy cards game, the initiative uses blockchain technology to provide players the chance to earn in-game incentives.
Three hundred million RIA’s total 1 billion supply is available through a 10-round presale. RIA will cost more between the first and final phases, rising from $0.01 to $0.055. Currently, in stage 4, RIA can be purchased for about $0.025 per token, which means new investors will profit by 120% by the end. The entire hard cap aim for the token presale is $9.75 million, and the following stage of the presale will see tokens rise to $0.03 per unit
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Tamadoge (TAMA)
Tamadoge (TAMA) has attained a significant level of popularity due to its play-to-earn environment. The in-game currency TAMA has a high potential as an asset and may be utilized to acquire rewards and benefits.
Since its launch, Tamadoge has been the third most popular meme coin by volume, trailing only DOGE and SHIB. It has also performed amazingly in the cryptocurrency market since it was listed on numerous exchanges, including OKX, MEXC, LBank, and BKEX, among others, which increased its popularity and value.
Tamadoge (TAMA) raised $19 million during its presale period after starting the sale at just $0.01 per token. TAMA still has a tremendous opportunity for significant profits because the games are still developing, and additional exchange listings are on the way.
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Algorand (ALGO)
Algorand surprised the crypto industry by launching a network that solved the blockchain trilemma problem. The developer community quickly adopted it and began testing various dApps.
Most crypto experts and investors believe that Algorand will continue to rise. This is possible because of the upcoming DeFi and Web 3.0 technologies.
Furthermore, as developers continue to seek more stable smart contract platforms, the demand for ALGO tokens will skyrocket.
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Final Thoughts
The prolonged bear market has made investors more concerned about their money. Due to the significant decline in the value of cryptocurrencies that has followed the cryptocurrency bear market, most investors are skeptical about investing in cryptocurrencies.
The brand-new cryptocurrency Dash2Trade, however, offers an alternative to the current cryptocurrency problem. The cryptocurrency is ready to provide investors with huge returns due to the coin’s recent release and strong presale numbers. Despite the bad market, IMPT.io, RIA, and Tamadoge provide investors with viable investment possibilities. These tokens have been critically evaluated, and they’ve all shown bullish signs that will help investors make 50x profit.
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