The Brutal Reality: Why Memecoins Like Shiba and Pepe Will Never Reach $1
The Brutal Reality: Why Memecoins Like Shiba and Pepe Will Never Reach $1
I have seen many newbie posts on Binance Square claiming that memecoins like Shiba and Pepe can reach $1 or even higher. To be honest, these predictions are quite unrealistic and lack proper research.
Let’s analyze it. One of the main reasons why it is almost impossible for a memecoin like Shiba to reach $1 is because of its huge supply. These cryptocurrencies have billions or even trillions of tokens in circulation. For example, if Shiba were to reach a price of $1 per token, its market cap would have to reach $589.52 trillion. This is higher than the combined market cap of all existing cryptocurrencies and much larger than the entire global economy. The same logic applies to PEPE and BONK, making it almost impossible for them to reach a price of $1 per token.
The Brutal Reality: Why Memecoins Like Shiba and Pepe Will Never Reach $1
I have seen many newbie posts on Binance Square claiming that memecoins like Shiba and Pepe can reach $1 or even higher. To be honest, these predictions are quite unrealistic and lack proper research.
Let’s analyze it. One of the main reasons why it is almost impossible for a memecoin like Shiba to reach $1 is because of its huge supply. These cryptocurrencies have billions or even trillions of tokens in circulation. For example, if Shiba were to reach a price of $1 per token, its market cap would have to reach $589.52 trillion. This is higher than the combined market cap of all existing cryptocurrencies and much larger than the entire global economy. The same logic applies to PEPE and BONK, making it almost impossible for them to reach a price of $1 per token.