Recently, discussions about whether the PEPE coin can reach 0.5 dollars or even 0.0011 dollars have been ongoing in the crypto assets market. However, when we delve into the relevant data, these price targets seem overly optimistic.

Let's start with the fundamentals of PEPE. The total supply of PEPE is as high as 420.69 trillion coins, all in circulation, and there is no burn mechanism. If PEPE really rises to 0.5 dollars, its market cap will reach an astonishing 210 trillion dollars. To understand the enormity of this figure, we can compare it with the global GDP, which is only around 100 trillion dollars. Even a target price of 0.0011 dollars would mean that PEPE's market cap would exceed 46.3 billion dollars, a figure that even surpasses Ethereum's historical highest market cap.

Considering PEPE as a purely meme coin, lacking practical applications and a well-developed ecosystem, such market capitalization appears particularly unrealistic. In contrast, the two famous meme coins, Dogecoin and Shiba Inu, had market capitalizations of 88 billion dollars and 41 billion dollars respectively at their peak. If PEPE wants to achieve similar success, its price might need to be controlled between 0.000097 and 0.00021 dollars.

The main challenge facing PEPE is its enormous supply. This makes it extremely difficult for each token to reach $0.01 (coin level), let alone $0.1 or higher. The value of PEPE mainly relies on market sentiment and speculative funds, lacking technological innovation, practical applications, or solid fundamental support.

Although PEPE may rise with market sentiment during a bull market, expecting it to reach "miraculous" prices like 0.5 dollars or 0.0011 dollars seems unrealistic. A more cautious expectation is that if PEPE can approach the historical highs of Dogecoin or Shiba Inu, it would already be a pretty good performance.

For investors, it is important to recognize the speculative nature of meme coins. While they may bring high returns in the short term, such assets often struggle to maintain their value in the long run. It is crucial to remain rational and aware of risks when participating in such markets.