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HTXWhat happened to the price of PancakeSwap
PancakeSwap trades at $1.93 today — −95.6% from its $44.28 high set in April 2021. A fall that deep means something simple: returning to that level would take a 23× rise.
From low to high
Over 5 years the price of PancakeSwap has moved between $1.05 and $44.28. The low came in October 2023, the high in April 2021. From the bottom the price has risen 1.8× — which is what someone would have made buying at the worst possible moment and holding to today.
The deepest fall on monthly closes was −97.1%: from the peak in April 2021 to the bottom in September 2023, taking 29 months. A useful number: it shows what holding through would have meant.
It has been 66 months since that high, and the price has not returned to it.
What the years show
The best full year was 2023 at +9.4%. The worst was 2022 at −73.0%. Of 4 full years, 1 closed up and 3 closed down.
Falling years outnumber rising ones — but the spread between the best and worst year matters more than the count: that is what tells you what to be ready for.
The current year stands at +2.3%, ranging from $1.13 to $2.86.
Months: how many closed up
Of 67 closed months, 27 finished up and 40 finished down — 40% of months were rising ones. The average month returned +2.4%.
The strongest month on record was April 2021 at +126%; the hardest was May 2021 at −56.1%.
Does CAKE have a seasonal pattern
On average CAKE did best in March: +28.3% across 6 observations, 4 of them positive. It did worst in May: −17.9% across 6 observations.
We print the number of observations next to the percentage for a reason. 6 observations is 6 observations: on a sample that size a pattern cannot be told apart from coincidence. Interesting to look at, not something to plan around.
How to use this
Everything above is the past. It does not say where the price goes next, but it does show the range to be ready for: $1.05 to $44.28, with a drawdown of −97.1%.
What is useful right now is this: CAKE costs different amounts on different exchanges, and that gap is visible in the cross-exchange scanner. Before a large purchase it is worth checking the order books — they show how much you can actually take at a given price, not just the best offer. And if the coin has to move between venues, the transfers section shows which network is cheaper.
