Are the leaders of Shiba Inu Coin and Pepe planning to remove the zeros from the price to make it look more impressive?
Recently, this has caused quite a stir in the cryptocurrency circle, with social media filled with cries like 'The doge is going to rise to 1 dollar!' or 'PEPE is about to explode!' But we need to stay calm and first ask: Did these big shots really say that?
Has there been an official statement? The heads of Doge and PEPE have not made an official announcement about this, and these are just wild guesses. Rumors spread quickly in the cryptocurrency world, like wildfire, but until we see official confirmation, let's not jump to conclusions.
Can they really remove the zeros?
It's easier said than done! To remove the zeros, several major tasks need to be accomplished:
Burn a large number of tokens.
To reduce the zeros, a strong move is necessary: burn a large number of tokens to decrease the supply. This is not something that can be done overnight; it takes time and requires a plan. Even with regular burns, the price may not soar immediately; it depends on demand.
Market practicality and whether people use it.
Whether the price goes up or not depends not only on whether the supply is reduced, but also on how useful this thing is in reality and whether anyone is using it. Whether it's Doge or PEPE, if there’s no practical use or partners, the long-term price won't go up. Relying solely on hype can only last for a short while; for something to be valuable in the long run, a reliable ecosystem and real application scenarios are needed.
Community sentiment.
Coins like Doge and PEPE that gained popularity through internet memes rely heavily on community support. When community sentiment is high, prices can surge in the short term, but if there’s no foundational support, this enthusiasm will fade quickly.
While the idea of 'Doge hitting 1 dollar' or 'PEPE taking off' is quite exciting, we still need to be rational: removing zeros is not as simple as pressing a button; it requires adjusting supply, having users, and real application scenarios. If removing zeros were that easy, which project wouldn't do it? Therefore, the matter of Doge and PEPE removing zeros is not without hope, at least until there is an official statement.
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