$PEPE ; Burning Billions Daily, Does it Really Mean $1 Dream !!!!!
Scarcity Drives Hype!!!
Lets see how…
Yes, incineration of 7 8+ billion $PEPE tokens per day genuinely is gigantic but this is where a more important truth lies; burns are not a thing until there is a high demand to make it significant.
This is a bullish sign, because in this very moment this aggressive burn schedule is causing shortage of circulation tokens, particularly in meme token economics where a shortage of tokens is what causes the hype.
But we should not get too carried away: the total supply of $PEPE is mind-bending (more than 420 trillion) and therefore, burning billions of tokens per day is just a drop in the ocean. Even to come within shouting distance of a dollar, the market cap would have to take insane proportions (greater than the GDP of entire nations).
The only way the burn will lead to the emergence of real value is when it is accompanied by:
Active long-term community involvement
Real world application (DeFi, gaming, staking)
Increase in liquidity and exchange
Then is the burn good? Yes.
Then is the burn good? Y) Yes. Is 1 a reality? ❌ Not unless there is a total economics reset. However, when it comes to traders, this burn can make up some high price action of short- to mid-term price.
