LIVEI've noticed a lot of hype around PEPE reaching $1, so I'd like to share my thoughts and clarify some misconceptions. For PEPE to hit $1, its market capitalization would need to surpass that of Bitcoin (BTC). This is a highly unlikely scenario.
To understand why, let's calculate the market
value of PEPE.
Market value is equal to the number of coins multiplied by their price. With 420 billion PEPE coins and a current price of $0.000005, the market value is approximately $3 billion. If we multiply the total number of PEPE coins by $1, we get a market value of $420 trillion. In contrast, Bitcoin's current market capitalization is around $1.3 trillion.
For PEPE to reach $1, its market value would need to be 420 times greater than Bitcoin's, which is virtually impossible.
Be cautious of misinformation and do your own research before investing in any cryptocurrency.
Don't rely on others' opinions; instead, verify the facts yourself. Wishing you wisdom and peace in your investment decisions."