Hello everyone, I apologize for the delay in publishing the article, please... forgive me
If you hold PEPE
, this article is a must-read for you. I will logically assess the future price of PEPE and its potential 💫
Please do your research before investing, my opinion is not necessarily correct
#PEPE I have seen all the posts based on illusion.
Despite its impressive performance over the past two years, it is unlikely that the price of PEPE will reach one dollar or 50 cents because the circulating token supply is too large. However, this does not mean that PEPE does not have a lot of upside potential.
Although meme coins have been around since 2013, when Dogecoin was created, they became mainstream in 2021. Their popularity is largely due to the promotion of $DOGE by famous individuals like Elon Musk and Mark Cuban. With the hype around Dogecoin, other meme coins garnered some attention. But ultimately, the two major winners were Dogecoin and Shiba Inu.
💸 The main quick duties for PEPE to reach $1 or 50 cents 💸:
At the current circulating supply of 420.69 trillion Shiba Inu coins, the market cap of the meme coin is $5.56 billion.
If PEPE reaches one dollar at the current circulating supply, it would achieve a market cap of $589 trillion, which is impossible.
The only way for the price of PEPE to reach one dollar or 50 cents is for the circulating supply to decrease significantly through a token burning program.
The following cases:
A) When the trading volume reaches $420.69T, and this is impossible because we need the GDP of Earth, Mars, and Saturn.
B) When the team burns 90% of the PEPE supply and the trading volume is $10T, it could reach $1. This is a long-term goal.
So the short answer to whether PEPE can reach $1 is "🔥NO🔥". The main limiting factor is the circulating supply of PEPE, which, at current amounts, would produce a market cap of about $210 trillion if the meme coin were to reach the $0.50 mark.
We will acknowledge that this answer may change in the future
🔅Summary🔅
Unless something fundamental changes, like its size, PEPE will not reach one dollar, or even 0.50 in this regard. However, it may reach one cent after a few years of token burning.
In short, if the PEPE team does not do something like the Shiba Inu team through a token burning program, it will not reach $1.
When it comes to cryptocurrencies, the unpredictability of prices is always an important factor. Therefore, it is essential to research any cryptocurrency before deciding to invest in it.
Notice: ⛔🖐
I respect all people and wish good luck to everyone, and I am open to discussing your opinions in the comments. I will be very happy when my article leads you to earn money, even if it's just $1. I also respect negative comments that do not align with my point of view.
To everyone who liked my article and finds it logical, I hope you share the article with others because I also feel happy when I am the reason for people avoiding losses and raising awareness in digital investment.
Continues in my next article intensively..
Thank you..... please discuss with me in the comments
