$BTC This PEPE (Pepe the Frog) is a meme coin built on the Ethereum network (ERC-20), and it gained significant popularity in early 2023 due to media hype and community support, but it does not have any technical project or clear practical application supporting it.
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🔍 Can the PEPE coin reach 1 dollar in the near future?
The short answer: No, it is unrealistic for PEPE to reach 1 dollar in the near future; it is nearly impossible under current conditions.
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📊 Analysis by the numbers:
As of the time of writing this response, the current price of PEPE is approximately:
> 0.000012 dollars (12 ten-thousandths of a cent)
Let's calculate what would happen if it reached 1 dollar:
Total circulating supply: 420,690,000,000,000 PEPE
Required market cap if it reached 1 dollar:
420 trillion × 1 = 420 trillion dollars
🚨 Illustrative comparison:
The market cap of all gold globally ≈ 13 trillion dollars
The market cap of all cryptocurrencies combined ≈ 2 trillion dollars (varies)
The largest market cap for a single currency (Bitcoin) ≈ 1.3 trillion dollars
Therefore, for PEPE to reach 1 dollar, it must surpass the global economy itself, which is illogical.