Can PEPE rise to 1 dollar?

The current circulation is as high as 420.69 trillion coins! Just because this number is frighteningly high, it’s too difficult for it to increase in price. If it can really rise to 1 dollar, then the market value would be 420.69 trillion dollars! Can you imagine? Bitcoin (BTC) at its peak had a market value of around 1.2 trillion dollars.

Now let's talk about the coin burning mechanism, which is a way to increase the coin price. Burning coins means reducing the number of coins. If PEPE can burn 99% of its coins, then only 4.2 trillion coins would be circulating in the market. In this case, if PEPE rises to 1 dollar, the market value would be 4.2 trillion dollars. Although this number is still huge, with fewer coins, PEPE would become rarer, and the price could potentially surge.

Also, it's very important if whales and institutional investors are interested in PEPE. Without these large investors' interest, it’s hard for PEPE's price to rise significantly. If PEPE can catch the eye of those large investment funds, with more buyers and increased demand, the price naturally has hope to go up.

The power of the community and viral spread cannot be underestimated either. For such a popular coin, the community is crucial. If PEPE wants to be as hot as Dogecoin or Shiba Inu, it needs to gain traction on social media platforms like Twitter, Reddit, and TikTok. As the community grows stronger, PEPE has the opportunity to be listed on more exchanges, attracting new investors.

The bull market is also key. During a bull market, cryptocurrencies generally see a significant price increase.

If powerful cryptocurrencies like Bitcoin and Ethereum enter a bull market, PEPE, as a popular coin, can also benefit, and its price will rise.