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Showing posts with the label Pepe

$PEPE Coin

Recently this coin burst into the limelight, I just checked on CoinMarketCap the price started at US$0.0000000578 on 17 Apr, then it reached a price of US$0.000004163 on 06 May, that's a 72x of the original price, then right now it is trading at US$0.000001951. According to Etherscan, the maximum supply to ever exist is 420,689,999,999,999.999999999999998764, in short it is around 420.68 trillions. I saw some people were saying it will go up to $1 and then I laughed, that would mean the market cap would be US$420.68 trillions, a quick Google search shows that the total wealth in the world combined is around US$463.60 trillions. Even if a Bitcoin is worth $100,000 each, the fully diluted market cap would be US$2.1 trillions, this is the king of stored value, digital gold. Even if an Ether is worth $10,000 each, the fully diluted market cap would be US$1.2 trillion, this is the king of utility, smart contracts. What is $PEPE? Just another coin created by some anonymous guy/team, but

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