After seeing many posts suggesting that PEPE could reach $1 or even $10 by 2025, I felt compelled to explain why this is unlikely and merely a fantasy. While PEPE is fun and popular, talking about such high prices can mislead newcomers to cryptocurrency.
For PEPE to hit $1 with its current supply, it would need a market cap of $420.69 trillion. To put this in perspective, Bitcoin's market value is around $1.22 trillion. So, PEPE would need a market cap about 400 times higher than Bitcoin's.
According to a 2023 report, the total money in circulation globally is roughly $40 trillion, including physical money and savings. Even if 90% of PEPE's supply was burned, it would still need a market cap of $42 trillion to reach $1, which exceeds the total global money supply.
The only scenario where PEPE could reach $1 is if the US dollar experienced hyperinflation like the Zimbabwean dollar did, leading to extreme devaluation. However, let's hope it never reaches that level. Thankfully, cryptocurrencies like Bitcoin serve as assets and stores of value, offering protection against government economic mismanagement.
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