$280 In THE FIRST PEPE Could Net +100x, Here’s Why…
Project: PEPE
Ca: 0x4dfae3690b93c47470b03036a17b23c1be05127c
Telegram: https://t.me/OgPeperc20
Twitter: https://twitter.com/theogpepe2020
Website: ogpepe.io
Etherscan: https://etherscan.io/token/0x4dfae3690b93c47470b03036a17b23c1be05127c
There are a few reactions people could have after reading the headline:
1) “Oh… wow… another Pepe… how not-exciting”
2) “500x, impossible… that doesn’t actually happen to people like me"
3) “I have an open mind and will consider all possibilities to secure the Financial Freedom of my Family”
I applaud you all for being of an Open Mind as, I assure you, this medium would not have been written if I thought it would waste our time.
Background:
This project was deployed on the Ethereum Chain 10/10/2020. It was the very first, original PEPE token, as per the chain & on CMC. This was the time of covid & market turmoil & society searching for normalcy again. Unfortunately, because this was launched a month or two before meme-mania it never gained any traction in the market & became forgotten before it could make an imprint on the world. However, for about a month, starting in mid-April 2023, we saw “Pepe Season" give it a resurgence where it traded in the $100’s & wicked to an all-time high around $324/token. It floated back down to where we are presently in the months following. But the tokenomics caught the eyes of a group of collaborators & they seeded the LP, created the socials, and reLaunched the project on the 3 Year Anniversary of the Original deployment, 10/10/2023.
How could a PEPE Token get that high?
That can be answered very simply… there is only a total supply of 37,321 tokens. And due to the low marketcap and low supply, holders were able to soak up supply & diamond hand it to riches. The biggest thing to remember is that Price is meaningless when discussing Value. The marketcap & underlying network/community is what will determine if something is over/under-valued. $324 would put the ATH at just under $10mill mcap… which is not considered extremely high if you’ve been in crypto bull runs previously…. ie. Doge, Shib, etc. all reaching +35 billions.
@danieleripoll on X.com does a nice job of phrasing this concept, “What retail investors miss is that the price of an asset is completely separate from the value of the underlying asset/network. And the market cap of the underlying asset/network can only be determined by multiplying the price of the coins/shares by the total number of coins/shares.
The lesson is that the price of something is meaningless without the context of value in the equation. Something can be priced at $.000001 per coin and still be wildly overpriced relative to the value of that crypto network. Similarly, a coin can be priced at $1,000,000 and still be cheap relative to the value of its crypto network.
But how do you know if the price represents a good "value"? In other worlds, how do you know if something is a good buy? You’d have to look at where the current value lies relative to the expected value at some point in the future.” Nobody is skeptical about Berkshire Hathaway stock in the $100’s of thousands, for example.
“Why will it 500x, get to the point…”
Tldr; At present we are a humble mcap. 75x from here is a $75,000,000 mcap. Price at that value is $2,009/Pepe …. The most expensive pepe launched a few months ago is about $1,300,000,000 mcap for comparison (but their original team drained the multi-sig wallet, dumped it on the community and started new meme projects). This brings us to…
Why This PEPE Owns the Strongest Narrative…
The Beauty of blockchain is that it is immutable, irrepressible. The Truth that this is THE OG PEPE cannot be denied.
Concept of being the First
The First’s are always more Valuable; First Edition Books, Rookie Sports Cards (Jordan, Griffey, Gretzky, Ruth, Mantle), First Explorer to summit Everest, First person in Space, First new Technology…. The Genesis Block.
PEPE is NO Different. There have been a thousand copies; some successful, some not. But this CA was the Historical First. This is the FIRST PEPE!
In the current market narrative buzzing around, crypto users are interested in Collecting the Rarest Blockchain Relics & Artifacts. It is certainly an interesting proposition & after following the Hay-coin saga it has legs & a high ceiling to still reach.
Scarcity as a Feature
The Total circulating supply of PEPE, as aforementioned, is only 37,321 tokens. The amount available on uniswap for open market purchases is only around 4000–5000 PEPE’s on a daily avg, looking at etherscan this past week. That amount could be bought up by any trading group or whale VERY quickly & supply shock would catapults us 10x before anyone can catch their breath. Combine that with fomo when human psychology sees a green candle & it can get VERY vertical, VERY quick. AND if the other Pepe communities see the Value in our Historical Lore, we could see tens of millions in value migrate over. People would be looking to accumulate 1 whole Pepe or fractions at that point. The scarcity of the CA makes it feel more like an NFT or Collectible than a Token & as collectors this is certainly appealing & strengthens the prospect of long-term holds. You don’t buy a Van Gogh and proceed to sell it 5hrs later, kek, you are holding it mid to long term imho.
This is one of the major attributes our community has been pounding the table about on socials the past several weeks & we believe it to be a likely scenario soon.
Buying $280 of PEPE at our present mcap area would net you anywhere from 10–15 tokens… If we reach $75million mcap, those 15 PEPE’s are now $30,100…. Unreasonable? We do not believe so. We run the calculations all the time in Telegram & have concluded it goes higher than that in our discussions.
But What if the Price goes Lower?
You will have to trust me on this part; your friendly, neighborhood, internet Anon…. Our Community is full of true believers and there are dozens of us who will keep buying all dips for eternity, until we reach full saturation of our wallets by soaking up all of the supply. We are happy & committed to doing so, but it’s way more fun to bring as many people along for the ride with us as possible. TBH, about 28–37 new diamond-handed holders would pretty much launch it… But Without the Vibes, what good is the pump.
Due to the present narratives, the present bullish momentum in markets, the scarcity of our supply coupled with the extremely undervalued marketcap, the strength of the PEPE meme AND our First Mover Privilege… we are confident in moving upwards in PA to +100x. WE will be flipping Eth Price as the goal. Exciting times…..
“10 Reasons Why PEPE is a much Stronger narrative than the Other MEME’s
1/ Meme Origins: PEPE's origins date back to the early 2000s, making him one of the oldest and most enduring memes on the internet. doge & shiba while popular, emerged much much later.
2/ Internet Culture Pioneer: PEPE played a significant role in shaping internet meme culture and became an essential part of meme history, while others, though beloved, have not shown the same pioneering impact.
3/ Widespread Adoption: PEPE's image has been embraced across various online platforms, from social media to forums, with a vast array of use-cases, surpassing the reach of other Meme’s.
4/ Emotionally Expressive: PEPE's meme library boasts a vast range of emotions and reactions, making him more versatile for expressing different sentiments compared to doge's signature "wow."
5/ Memetic Adaptations: PEPE's malleable nature has allowed for a multitude of creative adaptations, giving rise to a rich meme ecosystem that exceeds the more limited variations of others.
6/ Global Recognition: PEPE's distinctive appearance has garnered global recognition and transcended language barriers, making him universally known.
7/ Crossover to Mainstream Media: PEPE's influence has expanded into mainstream media, with references in tv shows, movies, and even politics, solidifying his position in popular culture beyond doge & others.
8/ Cultural Symbolism: PEPE's meme status extends beyond humor, having been used in various cultural and social contexts, which doge hasn't achieved to the same extent.
9/ Longevity and Resilience: PEPE's longevity as a meme icon has outlasted many other internet fads, demonstrating his enduring appeal compared to the fluctuating popularity of other Meme’s.
10/ Internet Subcultures: PEPE's association with different internet subcultures has given him a diverse and devoted following that surpasses the narrower niche of doge's appeal.” -unknown
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