How high can PEPE, a potential coin in the bull market in 2024, rise? Can it continue its legend?
1. The power of time:
Many people question whether PEPE can reach $1. The main factor is its huge circulation supply-4.2 million coins, which means that $420 trillion is needed to achieve this goal. At first glance, it seems out of reach, but let's look back to 2009, when the price of Bitcoin was only 0. 15 years later, its price dropped to $73,000 per coin. What is this? Time is a powerful booster for price growth!
2. Compression model:
PEPE coins use a shrinking model, which means that each transaction will reduce its value, thereby reducing the supply and potentially increasing its value. Although the specific circulation volume is not clear, the consumption is expected to reach tens of thousands.
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3. Huge potential:
For more than four years, the value of PEPE has soared and has become the focus of investors. However, many investors still do not realize that its characteristics have been weakened, which lays the foundation for the future price growth of PEPE coins.
