Do you think it will reach $20 this year?
Cake is no matter best token but price depend upon market condition also. If market remain stable then there is chances that Usecase of Decentralized exchanges goes big and we may see increase in price also. If market remain bear than it's very hard to achieve $20 target.
An increase in price will only occur when the market is in good condition and that cannot be denied by everyone because in conditions like now almost all good coins are difficult to get a good price increase.