As a crypto investor or trader, you always look for the best deals to make a profit. The simple strategy of buying a digital coin and “hodling” may not be the most profitable sometimes. True, if you are lucky to invest in a cryptocurrency with a meteoric price surge, your initial investment can multiply several times, yielding huge profits. Otherwise, you should always be ready to swap between cryptocurrencies to hold an asset that can deliver an excellent return on investment (ROI).
For instance, Dogecoin (DOGE) was one of the top performers in 2021. It had a 1-year price change of +4,137%. Undoubtedly, those who benefited from such a price hike ripped enormous gains. Unfortunately, the DOGE price dropped progressively, losing a significant part of the value accumulated in 2021. So, some investors are trading their DOGE coin for other digital assets. For example, the PancakeSwap (CAKE) is an excellent option to keep the value of your crypto investment.
Although CAKE has lost value too, its behavior seems to be more stable in 2022. A DOGE CAKE converter can allow you to invest in this promising token instantly. As of the third week of April 2022, this token’s price is around $8.27. If you are unsure whether you should convert your Dogecoin holding to this token, you can read the following forecast to make a more informed decision about your crypto investments.
PancakeSwap Forecast for the Next Few Years
Most cryptocurrency experts believe that PancakeSwap will grow and expand in 2022. As a result, the CAKE price could climb to $11.5 this year. There might be a correction in October, but on average, this token will sell at $10.8 throughout 2022. In the following year, this token’s price will peak at $12.5. In 2024, the CAKE price will soar to a maximum of $17.5. This uptrend will likely continue in 2025 when this token trades at $20. Finally, in 2026, the maximum CAKE price will be $22.
Dogecoin Forecast for the Next Few Years
To help you decide which digital coin to invest in, we also present a forecast for Dogecoin. DOGE trades at approximately $0.14 per coin at the time of writing. This coin’s price reached a state of stagnation in early 2022. Yet, experts believe DOGE will cross the $0.15 line this year, reaching a maximum of $0.17. The maximum price will likely increase to $0.22 in 2023 and $0.27 in 2024. The following year, DOGE could cross the $0.35 line, reaching a maximum of $0.36. In 2026, the average DOGE price will be $0.55, possibly selling at $0.58.
Convert Your Ethereum (ETH) Assets to Solana (SOL)
Similarly, Ethereum (ETH) holders can quickly convert their assets to Solana (SOL) by using an ETH to SOL instant converter. The reason to do it is similar to the case discussed above. Ethereum has been the second most popular cryptocurrency for several years. It is also the second most valuable digital coin by market capitalization. Many experts regard it as a safe investment in the crypto space. Yet, other cryptocurrencies like Solana can yield a better return on investment.
Solana was one of the top crypto performers in 2021. The 1-year price change of this cryptocurrency was a whopping +16,000%. Ethereum had a more modest performance with a 1-year price change of +543%. The crucial point is that experts forecast that the excellent performance of Solana will likely continue in the following years. This digital coin has been recognized as one of the most profitable investments for 2022. So, although ETH is a safer investment, taking a higher risk by investing in SOL might pay off.
So, why not give it a try? Investing in CAKE or SOL could be the key to getting enormous gains.
