Currently, the price of PEPE currency is about $0.000014. To reach $1, the currency would need to rise by more than 7,000,000%, which would increase 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 forecasts, 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 foresee a maximum price of $0.000175.
What are the obstacles to PEPE reaching $1?
1. Massive supply: The number of circulating PEPE coins exceeds 420 trillion, making it very difficult to achieve a significant price rise without a substantial decrease in supply.
2. Lack of practical use: PEPE is a meme coin without an actual technical project or tangible benefit, and its value relies on community and media hype.
3. Market volatility: Meme coins are highly volatile and heavily depend on sentiment and hype, making them high-risk investments.