The Harsh Reality: Why Memecoins Like Shiba and Pepe Will Never Hit $1

I've seen a lot of posts on Binance Square from beginners claiming that memecoins like Shiba and Pepe can reach $1 or more. Honestly, these predictions are pretty unrealistic and show a lack of proper research.

Let's break it down. One of the main reasons it's nearly impossible for memecoins like Shiba to reach $1 is their massive supply. These cryptocurrencies have billions, or even trillions, of tokens in circulation. For instance, if Shiba were to reach $1 per token, its market capitalization would have to be $589.52 trillion. This is more than the combined market cap of all existing cryptocurrencies and much larger than the entire global economy. The same logic applies to PEPE and BONK, making it practically impossible for them to reach $1 per token.

❗ With this post, I want you to see the reality of the crypto world. In most cases, it's not a get-rich-quick scheme.

I'm AlertX, bringing you a dose of crypto reality.

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