$PEPE is set to rise to $1. Is that possible?
Supply and Market Cap: Could It Happen?
PEPE's current supply is 420.69 trillion coins. Due to this large number, it’s very challenging for the price to rise significantly. If it did actually reach $1, the market cap would be $420.69 trillion! Just imagine, the peak market cap of BTC was around $1.2 trillion.
Coin Burning Mechanism: The Power of Reducing Supply
If you want a coin's price to increase, burning coins is a common method. If PEPE burns 99% of its supply, only 4.2 trillion coins would remain in circulation. To reach $1, PEPE's market cap would need to be $4.2 trillion. While these figures are still substantial, reducing supply can make PEPE scarcer, potentially driving up the price.
Whale Interest and Institutional Investors
Without the interest of whales and institutional investors, it would be extremely difficult for the coin's price to rise significantly. If PEPE can attract the attention of large investment funds, demand could increase, resulting in a price surge.
Community Power and Viral Spread
The deadliest weapon for popular coins is their community. If PEPE wants to succeed like Dogecoin and Shiba Inu, it must go viral on social media platforms like Twitter, Reddit, and TikTok. The larger the community grows, the more likely PEPE is to enter additional exchanges and attract new investors.
Bull Market
Cryptocurrencies often experience significant price increases during a bull market. If coins like Bitcoin and Ethereum enter a strong bull run, popular coins like PEPE could benefit from this, leading to price increases.
Celebrity Endorsements: The Power of Social Media
Celebrity support on social media can make a huge difference for popular coins. For instance, when Elon Musk endorsed Dogecoin on Twitter, the price surged significantly. If PEPE receives similar support from celebrities, the price could rise rapidly.
DeFi Projects and NFT Platforms
If $PEPE can integrate into decentralized finance (DeFi) projects or NFT platforms, it could enhance its value. Just like Shiba Inu created the ShibaSwap ecosystem, PEPE could also establish its ecosystem and increase its utility.
Recently, I have been monitoring a coin with great potential that could rise by 30% in the short term, along with some coins that might reach 5-10 times their value by the end of the year. Join me, and I’ll help you out! Just relax, leave a comment, follow, like, and I’ll provide you with a free gift!!!