Can the PEPE coin reach 1 dollar?
Currently, the price of PEPE coin is around $0.000014. To reach $1, the coin would need to increase by over 7,000,000%, which would raise its market value to over $4 trillion, a figure that exceeds the combined GDP of the United States, China, and Germany.
Is this possible?
According to most predictions, this scenario is unrealistic in the near or even medium term. For example, optimistic estimates suggest that the price of PEPE could reach a maximum of $0.0002733 by 2030, while other estimates predict a maximum price of $0.000175.
What are the obstacles to PEPE reaching $1?
1. Huge supply: The number of circulating PEPE coins is over 420 trillion, making it very difficult to achieve a significant price increase without a substantial reduction in supply.
2. Lack of practical use: PEPE is a meme coin without an actual technical project or tangible benefit, relying on community and media hype for its value.
3. Market volatility: Meme coins are highly volatile and depend heavily on sentiment and hype, making them high-risk investments.
