For PEPE to rise to $0.01, several key factors need to play a role in pushing its market value upward. Here are the most important factors that may contribute to achieving this rise:
1. Supply reduction (burning):
If the issuer or the community supporting the PEPE campaign burns a large portion of the currency, i.e. removing a large number of coins from circulation, this can lead to a reduction in supply and thus increase demand. This process theoretically leads to an increase in the price due to the shortage of supply and increased scarcity.
2. Increased demand (adoption and interest):
One of the most influential factors in the price of cryptocurrencies is demand. If public interest in PEPE increases, whether from large investors or new trading platforms, this will increase demand for it. Increased trading on major platforms and the currency being considered useful in decentralized applications or popular memes may increase its price.
3. Development of new technology or uses:
If the technology behind PEPE is improved or linked to new applications such as games, NFTs, or DeFi services, this may lead to increased adoption and increased demand. Also, continued development could attract a larger community of investors and users.
Ultimately, PEPE reaching $0.01 requires a combination of these factors, and cannot be guaranteed based on current conditions.$PEPE