The dream of Pepecoin
Want to know how much Pepecoin (PEPE) has to rise to reach $1? Let's take a look at its current price first. Alas, the current price is still far from $1. It is predicted that it may be around $0.00002290 by the end of November 2024. Let's calculate how big the gap is.
Current price of Pepecoin (PEPE): $0.00002134
Target price: $1.00
How much does it have to rise to reach the target price?
Money to rise = Target price - current price
Money to rise = 1.00−0.00002134 = $0.99997866
How to calculate the percentage increase?
Percentage increase = (money to be increased / current price) × 100%
Percentage increase = (0.99997866/0.00002134) × 100% ≈ 4,685,935%
Let's take a look at the market capital
Pepecoin circulation: 420.67 trillion pieces
If each piece is worth $1, the market value is $420.67 trillion, which is higher than the world's GDP! So, if you want Pepecoin to rise to $1, it will not be easy unless there is a big market movement or a big reduction in supply.
In summary
If Pepecoin wants to reach $1, it has to rise by about 4,685,935%. Looking at the current market and supply, this is really unreliable.
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