Hello everyone, I apologize for the delay in publishing the article. Please forgive me
If you carry PEPE, this article is a must read for you. I will logically evaluate the future price of PEPE and its potential 💫
Please do your research before investing. My opinion is not necessarily correct
#PEPE I saw all the posts based on illusion.
Despite its impressive performance in the past two years, PEPE is unlikely to reach $1 or 50 cents because the token supply in circulation is so large. However, this does not mean that PEPE does not have a lot of upside potential.
Although meme coins have been around since 2013, when Dogecoin was created, they only became mainstream in 2021. Their popularity is mostly due to the promotion of $DOGE by famous individuals like Elon Musk and Mark Cuban. With the hype around Dogecoin, other meme currencies have received some attention. But in the end, the main winners were Dogecoin and Shiba Inu.
💸Main quick assignments for PEPE coin of up to 1 dollar or 50 cents💸:
At the current circulating supply of 420.69 trillion Shiba Inu coins, the market cap of the meme is $5.56 billion.
If PEPE reached $1 at the current circulating supply, it would achieve a market cap of $589 trillion, which is not possible.
The only way the price of PEPE will reach $1 or 50 cents is for the circulating supply to decrease significantly through a token burning program.
The following cases:
A) When the trading volume becomes $420.69T, which is impossible because we need the domestic product of Earth, Mars, and Saturn.
b) When a team burns 90% of the PEPE number and its trading volume is $10T, it can reach $1. This is far-reaching
So the short answer to whether PEPE can reach $1 is “🔥NO🔥”. The main limiting factor is the circulating supply of PEPE, which, at current amounts, would produce a market value of about $210 trillion if the meme were to reach the $0.50 mark.
We'll admit that this answer could change in the future.
🔅The conclusion🔅
Unless something fundamental changes, like its volume, PEPE will not be able to reach $1, or even 0.50 for that matter. But it may reach one cent after a few years of symbolic burning.
In short, if the PEPE team, for example the Shib INU team, does not do so through the token burning program, it will not reach $1.
When it comes to cryptocurrencies, price unpredictability is always an important factor. Therefore, it is essential to research any cryptocurrency before you decide to invest in it.
Attention-grabbing:⛔🖐
I respect all people and wish goodness and success to all people. I am open to discussing your opinions in the comments, and I will be a very happy person when I am the reason in my article for earning you a sum of money, even if it is $1. I respect negative comments that are not consistent with my point of view
To everyone who liked my article and finds it close to logic, I hope you share the article with others because I am also happy when I am the reason for people to avoid loss and raise awareness about investing in digital currencies.
Followed in more detail by my next article.
Thank you..... Please discuss with me in comments
