Factors that affect the price of PEPE to reach $1
1. Circulating supply: The supply of PEPE is very large, exceeding hundreds of trillions of coins. To reach $1, the coin would need a massive market capitalization that exceeds major coins like Bitcoin and Ethereum, which is very difficult.
2. Speculation: Meme coins like PEPE often move significantly based on speculation and short-term interest, which can lead to sharp price fluctuations, but this movement is usually not sustainable.
3. Market adoption: There must be real and widespread demand for the coin to push it to its highest price levels. Currently, PEPE is more of a speculative coin than a medium of exchange or store of value.
4. Regulation: Legislation related to cryptocurrencies could greatly affect the prices of coins, especially meme coins.
Forecast:
At the moment, PEPE is unlikely to reach $1, unless there are unexpected and major changes in the market. But in the digital currency markets, nothing is impossible, we have seen other currencies achieve unexpected increases.
However, one must be careful of the high risks associated with these types of currencies, as they are often unstable and subject to great fluctuations.
And God knows best,
