Pepe (PEPE) has been making waves in 2023, competing with major meme coins like Dogecoin and Shiba Inu. But how realistic is it for PEPE to reach $0.01 given the current market structure? Let’s take a look at some points to see if this goal is possible!

1. Offer and Market Value: Is it realistic?

With a current supply of 420.69 trillion tokens, PEPE is struggling to achieve price growth due to this large supply. To reach $0.01, the coin would need a market cap of $4.2069 trillion. To put that into perspective, Bitcoin ($BTC) had a peak market cap of only about $1.2 trillion.

2. Token Burning Mechanism: Supply Reduction Force

Burning tokens is a popular way to increase the price of a coin. If 99% of the PEPE supply is burned, there will be only 4.2 trillion tokens left in circulation. In this case, PEPE would need a market cap of $42.06 billion to reach $0.01. This number seems more realistic, but it still requires a significant effort to reduce the supply.

3. Interest of whales and institutional investors

Without the interest of large investors (whales) and institutional companies, it may be difficult to see a significant price rise. If PEPE manages to attract the attention of large investment funds, the increased demand could push the price higher. However, PEPE is still considered a speculative coin, which may make attracting such investors a challenge.

4. Community Power and Viral Spread

Community is one of the biggest weapons of meme coins. To succeed like Dogecoin and Shiba Inu, PEPE needs to spread across social media platforms like Twitter, Reddit, and TikTok. The bigger the community, the better chance PEPE will have to be listed on more exchanges and attract new investors.

5. Bull Market: Riding the Cryptocurrency Wave

Cryptocurrencies tend to experience significant rallies during bull markets. If major coins like Bitcoin and Ethereum enter a strong bull market, meme coins like PEPE may benefit from this wave and gain value.

6. New listings on exchanges: easier access and greater demand

Listing PEPE on major exchanges (such as Binance or Coinbase) would increase accessibility and boost demand. This would boost liquidity and help PEPE reach a wider audience, contributing to its price growth.

7. Celebrity Endorsements: The Power of Social Media

The support of celebrities and social media influencers can make a huge difference for meme coins. For example, Elon Musk’s tweets about Dogecoin caused its price to increase significantly. If PEPE gets similar support, its price could skyrocket.

8. Benefit and Ecosystem Development

If PEPE develops a use case beyond being a meme coin, it could gain long-term value. This could include integration into DeFi projects or NFT platforms, adding additional value. Like Shiba Inu did with the ShibaSwap ecosystem, PEPE could build its own ecosystem to enhance its utility.

In short, while reaching $0.01 seems like a more realistic goal for PEPE, achieving it depends on many intertwined market and societal factors.