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Your meme coins will never reach $1: explanations for beginners

Meme coins often lure beginners with the promise of seeing their prices explode to $1 or more overnight. However, this idea is often unrealistic. To understand why, let's take a look at how cryptocurrency valuation works.$USDC

Market Cap: The market cap (market capitalization) of a cryptocurrency is calculated by multiplying the total number of tokens in circulation by the current price of the token. In order for the meme coin to reach one dollar, its market value must be huge, comparable to the largest companies.$BTC

Supply and Demand: The price of cryptocurrency is also affected by supply and demand. To reach $1, demand for the meme must increase significantly and sustainably. However, this is difficult to achieve for meme currencies that often rely on temporary fads.$BTC

Token dilution and reserves: Many memecoins contain a very large amount of tokens, making it difficult to meaningfully estimate the price of each token. In addition, creators often hold a large reserve of tokens, which can be sold and lead to selling pressure.