Dear Fellow Investors,
I've heard plenty of speculation about PEPE reaching $1, and I felt compelled to share my perspective to address some misconceptions.
Let's dissect why PEPE reaching $1 is highly improbable. To reach such a lofty valuation, PEPE's market value would need to surpass that of Bitcoin. Yes, you read that right. This scenario seems implausible, given Bitcoin's dominant position in the market.
To determine a currency's potential price, we must calculate its market value. Let's crunch the numbers together. PEPE's circulating supply stands at 420 trillion tokens, multiplied by its current price of $0.000007. This results in a market value of $3 billion. Now, to envision PEPE at $1, its market value would balloon to a staggering $420 trillion. By comparison, Bitcoin's market value currently hovers around $1.3 trillion.
In essence, for PEPE to hit $1, its market value would need to be 420 times greater than that of Bitcoin. Such a scenario is practically inconceivable.
So, I implore you not to fall for unfounded claims. Conduct your own thorough research before diving into any investment, and don't blindly follow others' advice.
In closing, may we all be blessed with wisdom in our investment endeavors, and may peace be upon you.
