Pepecoin's Potential: Can It Reach $1?
Gracy Chen, CEO of Bitget, has expressed skepticism about Pepecoin reaching a $1 valuation due to its total supply of 42 billion tokens, which would equate to a market capitalization of $420 trillion—far beyond the current total market cap of all cryptocurrencies combined.
However, Chen notes that leading meme coins have historically reached market capitalizations exceeding $10 billion during bullish market phases. With Pepecoin’s current market cap standing at approximately $3.4 billion, there is potential for it to reach $10 billion if community support continues to strengthen.
In conclusion, while Pepecoin’s market cap and community engagement indicate room for growth, achieving a $1 price would require an unprecedented market capitalization, making it an unlikely scenario in the current crypto landscape.