Could $PEPE surpass the $1 threshold?
It's indeed possible, but the interpretation is key. Pepe debuted on April 15, 2023, at an initial price of about $0.000000001.
Presently, it sits at 0.00000724, with a peak of 0.00001074. March 2024 saw an 800% surge, yielding substantial profits for investors.
To match $SHIB, Pepe's holders must increase by over nine times, and nearly double to match $DOGE. With a burning strategy in place, removing coins creates market scarcity, potentially raising its price.
1% of transaction fees are permanently removed from circulation. Pepe's current $1 price mirrors market reality, akin to Bitcoin's $0.30 in 2010, and Pepe's $0.0009 in 2009.
This trend hints at Pepe's potential future price. In 2010, Laszlo Hanyecz famously exchanged 10,000 Bitcoins for two pizzas. ๐ฒ
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