the total supply of CAKE is only around 213 million and the ATH price is $43, so it's very possible for the price of CAKE to reach $100, so you don't need to hesitate for investing in CAKE and set a target of $100, because I'm sure if the market recovers and increases again, then of course the price of CAKE can increase at least $100 or even more.
Current price is 1.72$, so if it will hit to 100$ that's mean 98x from the current price, it’s pretty difficult to reach 100$ even in the next bull run, you know there are many swap exchanges launching in the market as like pancakeswap. So people’s will go with new project to get high profit in the short term. I don’t think it will hit 100$.
I also agree with you because it's not possible for PancakeSwap to reach $100. PancakeSwap is currently at $3.08 with a long way to go to reach $100. However, on 30/04/2021, the price reached a high of $44.1823, but currently the price has come down a lot. In my view, I would say it is doubtful whether PancakeSwap can recover its price. But let's see if PancakeSwap can recover its price during the bull season.
Thats the ATH but having its price now? who will believe that Pancake will reach 100 dollars any time soon? with 1 digit value now am not sure that even in the next bullrun this will attain 3 digits .
and also swapping nowadays have lost their momentum so there is a small chance this will get up to 10 dollars above again .