The Truth Revealed: Can Memecoins Like Shiba and Pepe Ever Hit $1?
I've seen numerous posts on Binance Square from beginners speculating that memecoins like Shiba Inu ($SHIB ) and Pepe ($PEPE ) can reach $1 or more. However, these predictions are highly unrealistic and lack proper research.
**Massive Supply Barrier**
One of the primary reasons memecoins like Shiba will never hit $1 is their enormous circulating supply. For example, $SHIB has a supply in the trillions. To illustrate, if Shiba Inu were to reach $1 per token, its market capitalization would need to be $589.52 trillion. This figure exceeds the combined market cap of all existing cryptocurrencies and is much larger than the entire global economy. The same logic applies to other memecoins like $PEPE and $BONK, making it virtually impossible for them to reach $1 per token.
**Market Cap Reality**
Understanding market capitalization is crucial. A $1 price tag on these memecoins would imply a market cap that dwarfs the entire financial market. For beginners, it's essential to grasp this concept to avoid unrealistic expectations and potential financial losses.
**Crypto Education**
With this post, I aim to shed light on the reality of the crypto world. In most cases, investing in memecoins is not a get-rich-quick scheme. Proper research and realistic expectations are key to successful crypto investing.
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