Given the current price of Pepe (PEPE) at around $0.0000205 and its massive circulating supply, it is highly improbable that PEPE will reach $1.
To achieve a price of $1, PEPE would require an extraordinarily large market capitalization, likely exceeding the total market capitalization of the entire cryptocurrency market. This is unlikely due to:
1. Supply: PEPE has an enormous circulating supply, which dilutes the value of each token.
2. Market Cap: For PEPE to hit $1, its market cap would need to be in the trillions of dollars, which is unrealistic given current market conditions.
3. Speculative Nature: As a meme coin, PEPE's price is driven largely by market sentiment and speculation rather than fundamental value, making such a dramatic price increase highly unlikely.
Investors should exercise caution and be aware of the speculative nature and risks associated with such tokens.