$PEPE ignites the imagination and many dream of this memecoin reaching a price of $1

but currently if $PEPE it loses one zero (this is quite realistic) it will still be good. If someone follows this meme, they know that the coin has ups and downs and it repeats cyclically. Many people have made money on $PEPE a lot of money.

Most say there is no way that #PEPE‏ will reach $1.

I will give an example from Poland from the 80s - 90s of the last century.

The denomination in Poland came into effect on January 1, 1995, and involved the exchange of 10,000 old zlotys (PLZ) = 1 new zloty (PLN).

That's why 'salaries before the denomination' sound astronomical today, but in reality, they had little purchasing power.

Below are approximate gross salaries from different periods (approximate values, as inflation was very high and rapidly changing):

The 70s (People's Republic of Poland)

  • Average salary: 3,000 – 4,000 PLN

  • Worker: 2,500 – 3,500 PLN

  • Engineer / specialist: 4,000 – 6,000 PLN

The 80s (crisis and hyperinflation)

  • The early 80s: 10,000 – 20,000 PLN

  • The end of the 80s (1988–1989): 50,000 – 200,000 PLN

The years 1990–1994 (highest inflation)

  • 1990: 1–3 million PLN

  • 1992: 5–10 million PLN

  • 1994 (just before the denomination):

    • Average salary: ~7–8 million PLN

    • Minimum: ~2–3 million PLN

  • After the denomination:

    • Average: 700–800 PLN

    • Minimum: 200–300 PLN

An example 'from life'

  • Salary in 1994: 8,000,000 PLN

  • After the denomination: 800 PLN

  • Bread cost around 5,000–7,000 PLN at that time (which is 0.50–0.70 PLN after the denomination)

Hypothetically, if the USA had inflation like Poland in the 80s and 90s, prices would have soared and #PEPE‏ could reach $1 or even $10.

But let's hope it doesn't happen and prices will be predictable, not like in the described case from Poland in the 90s 😁