Absolutely, the $PEPE coin can reach $1! Many are skeptical about Pepe Coin's potential due to its massive circulating supply of 420 billion coins, which would necessitate a market cap of $420 billion—an apparently insurmountable target.
Take Bitcoin as an example: back in 2009, it was priced at a mere $0.00099 per coin, and over 15 years, it skyrocketed to $73,000 per coin. Time plays a crucial role in such price evolutions.
Pepe Coin operates on a deflationary model, where coins are burned with each transaction, effectively reducing the supply and potentially increasing value. However, the system hasn't been updated recently, and the total deflationary coins could be in the trillions.
Despite its volatility, Pepe Coin has made significant gains within a year and holds substantial influence in the cryptocurrency market. Many are unaware of how deflationary mechanisms can impact value.
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