Gracy Chen, chief executive officer at Bitget, shared that based on Pepe’s total supply of 42 billion tokens if the price reached $1, its total market capitalization would be $420 trillion. This is larger than the current total market capitalization of all cryptocurrencies. From this perspective, it’s doubtful that Pepe’s price will increase by 125,000 times and reach $1.
Additionally, she said that a leading meme coin usually emerges in each bull market cycle and achieves a market capitalization of over $10 billion. Currently, Pepe’s market cap is around $3.4 billion. If the consensus around the Pepe community continues to strengthen and it becomes the leading meme coin of this cycle, its market cap could reach $10 billion.
