...this year?
YES 69 BILLION Dollars for a Frog coin!
To assess the potential growth of a cryptocurrency, we first need to identify its all-time low price.
Coinpedia reports that PEPE's all-time low was $0.00000005514 on ETH via Uniswap on April 18, 2023, marking the lowest price recorded on a decentralized exchange.
For PEPE to achieve a 3000X increase, it would need to rise to $0.00016542 by December 31st.
Given its current price of $0.000014238, this represents an 11.5X increase from its present value.
With a total supply of 420.69 trillion tokens, reaching the target price would result in a market cap of $69.58 billion.
While this may seem ambitious for a memecoin lacking utility, the idea of hitting such a whimsical market cap is tempting.
I estimate the likelihood of this happening at around 2.5%.
(This scenario also suggests a reasonable portfolio allocation for those primarily holding #BTC and #ETH and I highly suggest rebalancing above 5%)
YES 69 BILLION Dollars for a Frog coin!
To assess the potential growth of a cryptocurrency, we first need to identify its all-time low price.
Coinpedia reports that PEPE's all-time low was $0.00000005514 on ETH via Uniswap on April 18, 2023, marking the lowest price recorded on a decentralized exchange.
For PEPE to achieve a 3000X increase, it would need to rise to $0.00016542 by December 31st.
Given its current price of $0.000014238, this represents an 11.5X increase from its present value.
With a total supply of 420.69 trillion tokens, reaching the target price would result in a market cap of $69.58 billion.
While this may seem ambitious for a memecoin lacking utility, the idea of hitting such a whimsical market cap is tempting.
I estimate the likelihood of this happening at around 2.5%.
(This scenario also suggests a reasonable portfolio allocation for those primarily holding #BTC and #ETH and I highly suggest rebalancing above 5%)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.