The main reason why Pepe and Shiba Inu could never reach $1 is due to their massive token supplies. Pepe has a total supply of 420.69 trillion tokens, while Shiba Inu has a total supply of 549 trillion tokens. To reach a price of $1, the market capitalization of these coins would need to be astronomical, far exceeding the current global GDP.
Additionally, both Pepe and Shiba Inu are meme coins with limited utility. Their value is primarily driven by hype and speculation, rather than underlying fundamentals or real-world use cases. This makes it difficult for them to sustain long-term growth and reach such high prices.
While it's possible for meme coins to experience short-term price surges, it's highly unlikely that they will ever reach $1. Investors should be cautious and do their own research before investing in any cryptocurrency, especially meme coins.
you think its still possible
58%
no
42%
129 votes • Voting closed