I've heard a lot of talk about PEPE reaching $1, so I wanted to share my perspective to clarify some points.
Why might PEPE not reach $1? Well, my friend, for PEPE to hit $1, its market capitalization would need to surpass that of Bitcoin. Yes, that's the scenario we're looking at. That's why I'm telling you, it's quite a challenging feat to achieve. How do we determine the achievable price? To reach it, we must first calculate the market cap of PEPE. Let's break it down together.
Firstly, market cap is calculated by multiplying the total supply of the currency by its current price. For PEPE, with 420 trillion tokens and a current price of 0.000007, we arrive at a market cap of 3 billion dollars. Now, if we envision PEPE at $1, its market cap would be a staggering 420 trillion dollars. Comparatively, Bitcoin's current market cap stands at 1.3 trillion dollars. This means for PEPE to hit $1, its market cap would need to be 420 times greater than Bitcoin's, which seems implausible.
So, let's not be swayed by false claims and instead conduct our own research before investing in any cryptocurrency. Don't rely solely on others' opinions. Ultimately, I wish blessings and peace upon us all.
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