#curiosity #pepe
the main reason why the meme coin PEPE is unable to reach the value of 1 dollar is related to its enormous total supply.
Here are the key data points that explain the reason Total Supply. PEPE has an incredibly high total supply of about 420.69 trillion PEPE
Market Capitalization Market Cap The market capitalization is the total value of the cryptocurrency in circulation. It is calculated by multiplying the price of a single coin by the total number of coins in circulation. Currently, PEPE's market capitalization hovers around 4-5 billion dollars.
To understand the problem, let's do a simple calculation. If PEPE were to reach a value of 1 dollar, its market capitalization would rise to 420.69 trillion dollars 420,690,000,000,000 x 1 dollar
To give you an idea, this figure is higher than the market capitalization of the entire global stock market and would far exceed the GDP of any nation in the world. Such a value is simply unattainable for any asset, let alone for a meme coin without any real utility.
In summary, the price of a cryptocurrency does not only depend on demand, but must be balanced with supply. Such a massive supply makes reaching a high price, like 1 dollar, mathematically impossible.
