Why do some people think that $PEPE
can reach $1 or even $0.10?
Honestly, this is one of the most unrealistic opinions in the history of cryptocurrency.
Currently, PEPE is trading at around $0.0000098.
Do you know what the total supply of PEPE is? It's 420 trillion tokens 🤡.
If 1 PEPE equals $1, the market cap would be $420 trillion - which is absurd, considering that the entire cryptocurrency market isn't even close to that.
Even if you somehow managed to burn 419 trillion tokens (which is highly unlikely), the remaining 1 trillion tokens at $1 each would also mean a market cap of $1 trillion - about the size of the entire cryptocurrency market today.
So if you think that $0.10 is realistic, think again. That won't happen.
Maybe $0.01 is theoretically possible, but not anytime soon - and definitely not before 2030. It would require a massive burn of tokens and serious demand from users.
If PEPE can maintain the hype and build more demand, it might be able to drop another zero and reach $0.00009 this year.
But personally, I don't think that's possible. I believe it will continue to hover around four zeros ($0.000009).
However, it is one of the noisiest meme coins out there.
Dropping six zeros in just two years is already crazier than most people imagine.
Best wishes to all PEPE holders.