Can pepe reach $1?
Here's why it can't:
PEPE's current price of approximately $0.00001996 and its circulating supply of 420.67 trillion tokens, achieving a price of $1 would necessitate an astronomical market capitalization of over $420 trillion. This figure far exceeds the total market capitalization of all cryptocurrencies combined, making such a scenario virtually impossible.
Even reaching $0.01 would require a market cap exceeding $4.2 trillion, which is still highly improbable. Analysts suggest that while PEPE may experience price increases due to market sentiment and community engagement, expectations of it reaching $1 are unrealistic.
Investors should approach such predictions with caution, recognizing the speculative nature of meme coins and the inherent volatility of the cryptocurrency market.