PEPE: It Might Be Impossible to Hit $1
2024-11-15

Some investors may find it thrilling to see PEPE reach $1, but when you look at the numbers, it is essentially impossible. Let's examine why this is the case and put simply what it means.
First, let's discuss market capitalization. A cryptocurrency's market capitalization is essentially its entire worth, which is determined by multiplying the price of one coin at the moment by the total number of coins in circulation. It would take a market valuation of roughly $420 trillion for PEPE to hit $1. For comparison, this amount is far higher than the global GDP (Gross Domestic Product), which is approximately $100 trillion annually. In other words, a $420 trillion market cap for PEPE is not only unattainable but also unthinkable. PEPEUSDT Chart by TradingView">
A sum of money that is not even present in the world economy would be needed. Such a valuation has not been approached by any one company or asset. The market capitalization of Bitcoin, the most valuable and well-known cryptocurrency, is less than $1 trillion, while the entire cryptocurrency market is currently worth just over $1 trillion. PEPE is also a meme coin, which means that rather than having a strong foundational value, its main motivation is social media hype and trends. 
Meme coins like PEPE lack the infrastructure and level of adoption of Bitcoin or Ethereum, which have distinct uses and utilities. It is even less likely that PEPE will achieve such a high valuation given its lack of fundamental value. To put it briefly, although the notion of PEPE hitting $1 may pique interest, it is based more on fantasy than fact. 
PEPE would have to surpass the combined wealth of all countries on Earth in order to reach that price level, which is just not feasible. Given that the excitement surrounding meme coins frequently results in exaggerated expectations, it is imperative that investors bear these figures in mind and comprehend their limitations.