**The Facts About Memecoins: Why They Will Never Reach $1**
I have seen a considerable number of posts on Binance Square from newbies suggesting that memecoins like Shiba, Pepe, among others, could reach the value of $1 or even more. Honestly, it makes me laugh to see these posts as they clearly have not been properly reported.
One of the main reasons why it is practically impossible for memecoins like those mentioned to reach $1 is due to their gigantic supply. These cryptocurrencies typically have billions, billions, or even trillions of tokens in circulation.
Let's take Shiba Inu as an example. For each token to reach a value of $1, its market capitalization would have to reach $589.52 billion. This figure not only exceeds the total market capitalization of all cryptocurrencies combined, but is also much larger than the current global economy. The same logic applies to PEPE and BONK, making reaching a value of $1 per token practically impossible.
With this post, I want you to understand the reality of the world of cryptocurrencies. In most cases, it is not a way to get rich quick.#SHIBđ„đ„ #PepeCoinToTheMoon #BONK
