CandleFocus PEPE: It Might Be Impossible to Hit $1
2024-11-15
Author: Content Editor
The article explains that it is essentially impossible for the cryptocurrency PEPE to reach a price of $1 due to its astronomical market capitalization. The market cap required for PEPE to hit $1 would be approximately $420 trillion, which is higher than the global GDP. Moreover, PEPE lacks the infrastructure, level of adoption, and fundamental value seen in cryptocurrencies like Bitcoin and Ethereum. The idea of PEPE reaching $1 is based more on fantasy than fact, and investors should be cautious of exaggerated expectations surrounding meme coins.
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