It is impossible for the currency $PEPE to reach $1 this year or the next at least.
The team is working on burning millions of coins but it feels like throwing a cup of water into a vast ocean.
Number of PEPE Coins
The total number of PEPE coins is 420 trillion coins (420,690,000,000,000), which is a very large number compared to most other cryptocurrencies, even meme coins like Dogecoin or Shiba Inu. This very large supply is the primary reason that the price of the coin is extremely low, and it is currently trading at fractions of a cent.
Why is it impossible for PEPE to reach $1?
To understand why it is unrealistic for the PEPE currency to reach a price of $1, one must look at the market cap. The market cap is calculated according to the equation:
> Market Cap = Number of Coins × Price of the Coin
If we assume that PEPE reached $1, the market cap would be:
> 420,690,000,000,000 × $1 = $420.69 trillion
And this is a fantastical number that far exceeds the market cap of all cryptocurrencies combined, even exceeding the global GDP itself. Even the strongest assets in the world, like gold or shares in major companies like Apple and Microsoft, do not come close to this number.
Does this mean that PEPE is worthless?
Not necessarily. The PEPE currency still attracts traders and speculators looking for quick profits. However, it is important to understand that it does not have a real technical project or a clear practical use like some other currencies (like Ethereum or Solana). Its value currently relies on media hype and the community that supports it.
Summary
While the PEPE currency may yield some profits for short-term speculators, the idea of it reaching $1 is illogical and mathematically and economically impossible due to the huge number of coins issued. Like any meme coin, it should be approached with caution and understood as a high-risk investment.