It is impossible for the $PEPE currency to reach $1
It is impossible for the currency $PEPE to reach $1 this year or at least next year.
The team is working on burning millions of the coins, but it seems like throwing a cup of water into a vast ocean.
Number of PEPE Coins
The total number of PEPE coins is 420 trillion coins (420,690,000,000,000), which is an enormous figure 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 coin is extremely low, and it is currently trading at parts of a cent.
It's impossible for the Pepe coin to reach $1. What is the reason!? And when will it reach $1!? The main reason: The PEPE coin currently has a very large supply of available coins (total supply in quadrillions, that is thousands of trillions). If it were to reach a price of $1, that would mean the market cap would be larger than the entire global economy, which is illogical or impossible. Approximate numeric example: If the supply is 420 trillion coins (which is common), then reaching $1 means a market cap of $420 trillion. For comparison:
The total market cap of Bitcoin now does not exceed $1.3 trillion.
The entire U.S. economy is about $28 trillion.
However:
It could reach numbers close to $0.0001 or even $0.001 in case of a massive trend or a significant influx of funds from investors or exchanges.
Do you know why digital currencies are declining!?
Are you afraid of the decline!?
I want to reassure you, don't worry, this is very normal
It is very normal for a rapid decline to occur after any noticeable rise
But this time the rise was very large, so the decline is large, but don't worry, everything will return to its normal place
At the end of the year, the first half of December is a decline in currencies, and the other half of December is the highest price for digital currencies, so be confident that there will be an increase soon on the 13th and 14th of this month
In financial markets in general, there is something called pricing, meaning a discount, and what is happening now in terms of fluctuations and declines in Bitcoin and currencies is a pricing of what will happen in the coming days, because pricing usually occurs before an inevitable positive event, and January 20 is not far away. The whales and capital that liberate the market through their enormous liquidity know that as soon as Trump takes office in the White House and the first word he will say about Bitcoin, you will only see an increase, God willing. Therefore, any decline is only a reduction in buying at the lowest prices and spreading terror in the hearts of small investors and getting them out of the market. This is what I see, and God knows best. As for technically, Bitcoin has enormous liquidity under the 90k areas, which must be taken to resume the rise. If you see the price of Bitcoin under 90k coinciding with a decline in the entire market, know that it is a gift and the last chance before the next wave, and God knows best. $BTC $DOGE $XRP
#pepe Coin 1 billion coins will be burned out of 420 thousand trillion coins This is a very large number compared to burning 1 billion coins This is a new step to raise the price of the currency It may be a slight increase, but it will make a profit in the coming period And after that news, many people go to buy the currency, which increases demand and the price increases
In October 2023, the PEPE coin team burned 6.9 trillion tokens, equivalent to 1.6% of the total supply, with a value of approximately 5.5 million US dollars. These tokens were sent to a non-refundable address, which reduced the total supply and increased the scarcity of the currency.
Currency burning is a common strategy in the world of digital currencies, aiming to reduce the supply and increase the potential value of the currency. For the PEPE coin, this burning contributed to enhancing its market value and attracting the interest of investors.
I highly recommend investing in his work $DOGE and $PEPE and $XRP
Do you know why digital currencies are declining!?
Are you afraid of the decline!?
I want to reassure you, don't worry, this is very normal
It is very normal for a rapid decline to occur after any noticeable rise
But this time the rise was very large, so the decline is large, but don't worry, everything will return to its normal place
At the end of the year, the first half of December is a decline in currencies, and the other half of December is the highest price for digital currencies, so be confident that there will be an increase soon on the 13th and 14th of this month
Dogecoin $DOGE will see an increase in the coming period after the increase in the prices of meme coins
It was a joke at the beginning of the launch. It has now become a strong currency and has a future due to the transactions against the Dogecoin currency
I bought Dogecoin when it was $ 0.008. Now the price of the currency exceeds $ 0.45. This is a profit more than the Bitcoin currency when it was $ 60,000 and now it is $ 99,000
Invest in currencies with low prices because when they increase, they will achieve huge profits
$BTC Bitcoin will increase more and more as the demand from beginners increases as beginners do not understand some important strategies And there are no strong alternative currencies as
Some alternative currencies are weak in competition such as meme currencies ($DOGE . $PEPE ) and other currencies
But I recommend investing in meme currencies this period
My balance increased by 600% after the last period of volatility in the digital currency market
Your opinion is investing in which currencies is better
#MyFirstSquarePost I recently joined Binance Square, and I am happy to participate and communicate with everyone here!$$$$
Dogecoin is a great independent currency, although it is a meme currency, but the matter has developed and become one of the strongest currencies in the digital currency arena
I bought the currency when it was 0.008 and now the currency is priced at 0.38, and this is a great success and high profits