The potential for the $PEPE coin to reach $1 is a hotly debated topic. Some believe it's achievable despite its large circulating supply of 420 billion coins spread across multiple exchanges, which would require a massive $420 billion market cap. Comparisons to Bitcoin's early days are drawn, noting its initial price of $0.00099 per coin in 2009 skyrocketed to $73,000 per coin over 15 years. Time is considered crucial for such price growth.
$PEPE operates on a deflationary model where coin burning can increase its value; however, recent updates on the number of deflationary coins, possibly in the trillions, haven't been widely circulated. Despite these factors, $PEPE remains highly influential and volatile in the crypto market, showing significant gains in short periods.#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike
