It is impossible for the $PEPE currency to reach $1.
It is impossible for the $PEPE currency to reach $1 this year or the next at least.
The team is working on burning millions of the currency, but it feels like throwing a cup of water into a vast ocean.
Number of PEPE coins
The total supply of PEPE 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 main reason why the price of the currency is extremely low, and it is currently traded at fractions of a cent.
Why is it impossible for PEPE to reach 1 dollar?
To understand why it is unrealistic for PEPE to reach a price of 1 dollar, one must look at the market capitalization. Market capitalization is calculated according to the formula:
> Market capitalization = Number of coins × Price per coin
If we assume that PEPE reached 1 dollar, the market capitalization would be:
> 420,690,000,000,000 × 1 dollar = 420.69 trillion dollars
And this is an imaginary number that far exceeds the market value of all cryptocurrencies combined, even surpassing the global GDP itself. Even the strongest assets in the world, like gold or shares of major companies like Apple and Microsoft, do not come close to this figure.
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 coins (such as Ethereum or Solana). Its value currently depends on media hype and the community that supports it.
Summary
While the PEPE currency may provide some profits for short-term speculators, the idea of it reaching 1 dollar is illogical and mathematically and economically impossible due to the enormous number of minted coins. Like any meme currency, it should be approached with caution and an understanding that it is a high-risk investment.
XRP
2.5301
-2.95%
BTC
103,557.71
-0.58%
PEPE
0.00001398
-3.05%
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