It is a meme coin that relies heavily on community enthusiasm and speculation, and it does not have a strong technical project or wide practical uses yet. Therefore, expecting it to reach 1 dollar is considered unrealistic under current conditions, for the following reasons:
1. Total supply:
The total supply of PEPE currency exceeds 420 trillion units.
For PEPE to reach 1 dollar, its market cap would have to be 420 trillion dollars, which is more than the market cap of all digital assets combined, and even greater than the global GDP!
2. Current market cap:
Even at its peak, the market cap of PEPE did not exceed several billion dollars.
3. Lack of actual use cases:
Unlike Bitcoin or Ethereum, PEPE does not have strong use cases or institutional adoption.
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So, can PEPE rise in price?
Yes, it is possible to rise during bullish market periods due to speculation, and it might reach numbers like:
0.0001 dollars or even 0.001 dollars in the long term (and even these are very ambitious numbers).
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Summary:
1 dollar per PEPE = impossible currently and for a very long time, maybe never.
If a miracle happens and they significantly reduce the number of coins (burning hundreds of trillions), new opportunities may open up, but there are currently no signs of that.
But my expectations say... it's hard for you to reach one dollar, frog 🤣 $PEPE
