The arrival of currency $PEPE to a price of 1 dollar is considered nearly impossible under current circumstances, due to several fundamental reasons.
First, the total supply of the currency is extremely large, reaching hundreds of trillions, which means that reaching this price would cause its market value to exceed the value of almost all cryptocurrencies combined.
Second, currency $PEPE belongs to the category of meme coins, which are often driven more by speculation and temporary trends than by strong economic fundamentals.
Third, there is no significant and continuous burning that drastically reduces the supply to enhance the chances of a big price increase.
Fourth, historical price movements show sharp volatility and correlation with news and social media campaigns, making it prone to rapid collapses.
Fifth, the entry of large investors (whales) for the purpose of pumping and dumping may hinder any sustainable rise.
Sixth, meme-based projects rarely maintain momentum for long years.
Seventh, to reach 1 dollar, the currency would need financial inflows in the billions or trillions of dollars, which is unrealistic at present.
Eighth, its reliance on a relatively small community compared to Bitcoin or Ethereum reduces its market power.
Ninth, future regulations and oversight on meme coins may limit their growth.
Tenth, despite this, it may achieve short-term price jumps, but it
#PEPE #BinanceSquareTalks will remain very far from 1 dollar.
First, the total supply of the currency is extremely large, reaching hundreds of trillions, which means that reaching this price would cause its market value to exceed the value of almost all cryptocurrencies combined.
Second, currency $PEPE belongs to the category of meme coins, which are often driven more by speculation and temporary trends than by strong economic fundamentals.
Third, there is no significant and continuous burning that drastically reduces the supply to enhance the chances of a big price increase.
Fourth, historical price movements show sharp volatility and correlation with news and social media campaigns, making it prone to rapid collapses.
Fifth, the entry of large investors (whales) for the purpose of pumping and dumping may hinder any sustainable rise.
Sixth, meme-based projects rarely maintain momentum for long years.
Seventh, to reach 1 dollar, the currency would need financial inflows in the billions or trillions of dollars, which is unrealistic at present.
Eighth, its reliance on a relatively small community compared to Bitcoin or Ethereum reduces its market power.
Ninth, future regulations and oversight on meme coins may limit their growth.
Tenth, despite this, it may achieve short-term price jumps, but it
#PEPE #BinanceSquareTalks will remain very far from 1 dollar.
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PEPE
0.00001007
-5.44%