🧚♂️ "The $1 Dream" 🧚♀️: $PEPE
Lately, I've seen a lot of excitement around the idea of PEPE hitting $1, and some even think it could go as high as $10 by 2025. While I love the enthusiasm for PEPE, let's take a moment to explore why these big numbers might not be realistic and could potentially mislead newcomers to the crypto world.
To reach $1 per PEPE token with its current supply, it would need a market cap of $420.69 trillion! To put that into perspective, Bitcoin, the big player in the crypto world, has a market cap of around $1.22 trillion. So, for PEPE to reach $1, it would need a market cap about 400 times larger than Bitcoin's.
In 2023, a report stated that the total amount of money in the world was roughly $40 trillion. Even if PEPE burned 90% of its supply, it would still need a market cap of $42 trillion to reach $1 per token. That's just not feasible given the world's financial resources.
However, there's a scenario where PEPE could hit $1: if the US dollar were to undergo hyperinflation similar to what happened with the Zimbabwe Dollar. That would mean significant devaluation, making $1 PEPE more plausible, albeit under dire economic circumstances.
Let's hope it never comes to that. Thankfully, we have cryptocurrencies like Bitcoin, which are increasingly seen as a safe haven asset, protecting us against economic uncertainties caused by government mismanagement.
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