If I read one more time that Pepe is going to hit a dollar and one of those posting it is going to be the new millionaire, I'm going to become the Meme of Mickey Mouse and rip my eyes out.
Let me break it down as graphically as possible.
💻According to Binance, for Pepe ($PEPE) to reach a value of one dollar, its circulating supply would have to be reduced by 99.999%.
😵According to CoinMarketCap, currently with a supply of about 413 to 420 trillion tokens, a price of $1 would imply a market cap of over 400 trillion dollars. To put that into perspective, that figure is:
Almost 4 times larger than the entire global economy (world GDP of ~$100 trillion). 🤡🤡🤡
Approximately 30 times greater than the value of all the gold in the world 👽👽👽
According to
#BinancePepe If Pepe realistically wanted to hit $1 in the current market, its supply would need to be drastically adjusted:
👎Massive reduction: The total supply would have to drop from the current trillions to just 1 billion tokens or less.
🥶Target market cap: With 1 billion tokens, a cap of $1 billion dollars (something it has hit before) would allow each unit to be worth...
🎅Estimated time: With the current burn rate (about 600 million tokens daily), it would take over 100 years to see a significant reduction without drastic changes in the team's strategy. 🎅
Numbers, not opinions.