Why $PEPE Coin Might Never Reach $1 – A Supply Challenge
$PEPE Coin, despite its popularity in the meme coin space, faces a significant hurdle in ever achieving the $1 milestone. The reason lies in its massive circulating supply of 420 trillion tokens. With such an enormous supply, reaching $1 would imply an astronomical market capitalization that is practically unattainable under current conditions.
However, hitting 1 INR might be within reach, given its lower valuation requirements. For PEPE to achieve even this milestone, it would still require substantial demand and a reduction in circulating supply through mechanisms like token burns or increased adoption.
The token's vast supply remains a key factor in shaping its price trajectory, highlighting the importance of supply dynamics in determining a cryptocurrency’s potential value.