It is important to understand that the value of a cryptocurrency depends mainly on two factors: the circulating supply and the market capitalization. Market capitalization is calculated by multiplying the total number of coins in circulation by the price of a single unit.

Let’s take Pepe, a cryptocurrency with 420.69 trillion coins in circulation, as an example. For Pepe to reach $1 per coin, that would mean its market cap would be $420.69 trillion. That’s an astronomical amount, far beyond the caps of the largest cryptocurrencies.

For comparison:

• Bitcoin, the most widely traded cryptocurrency, has a market cap of around $1.247 trillion at its peak.

• Ethereum, the second in the ranking, has a market capitalization of around $319 billion.

These cryptocurrencies have reached these levels after years of development, investor confidence, and real-world use cases. For Pepe to reach $1, it would not only have to surpass Bitcoin and Ethereum, but also dominate the entire global economy, which is highly unlikely.

A project like Vite, which has a total of 1 billion coins in circulation, presents a much more reasonable approach. For Vite to reach $1 per coin, its market cap would be $1 billion. This amount is much more accessible and achievable, especially if the project continues to grow and attract users and investors. Compared to Pepe, Vite has a much better chance of reaching $1.

So, it is crucial to consider the circulating supply and market capitalization before believing that a cryptocurrency can reach unrealistic heights.#pepe#bitcoin#Ethereum#fast