I have seen many posts on Binance square from beginners saying that memecoins like shiba, pepe... can reach $1 or even more. Honestly, it makes me laugh when I see these publications that are written without first being informed a little.
• One of the main reasons why it is almost impossible for memecoins like the ones I mentioned above to reach a value of $1 is their enormous supply. These cryptocurrencies have billions, billions, or even trillions of tokens in circulation.
If we take Shiba for example, for it to reach a value of $1 per token, its market capitalization would have to be 589.52 trillion dollars. This figure exceeds the combined market capitalization of all existing cryptocurrencies and is much larger than the current global economy. The same logic applies to PEPE and BONK, making reaching a value of $1 per token practically impossible given.
❗With this publication I want you to see the reality of the world of cryptocurrencies, since in most cases it is not fast money.