$pep 10000x Potential Research

The following represents only personal opinions and does not constitute any investment advice. Please follow your country's laws as a law-abiding citizen, conduct your own research, and be aware of investment risks.

1. History of $PEP:

$PEP is a PoW token on the pepecoinnetwork, the only public chain with Pepe culture. It was built fully open-source and decentralized by Zordiaik and several Dogecoin developers, with the aim to unify the Pepe community and turn it into a frog-themed Bitcoin [$DOGE being the dog-themed Bitcoin]. "One coin, one community" is the core principle of PEP, which builds a solid community through meme culture, spreading widely among people to make it easy and enjoyable for people to accept PEP as a payment method, ultimately becoming a global currency. Figure 1: (Half meme, half coin; the meme carries the coin to people, ultimately achieving payment as a world currency) The founder explained their initial intent for creating the PEP public chain on Bitcointalk [an early Bitcoin forum site]: Pepe is a meme with a global community culture, with a community size comparable to Dogecoin. However, all Pepe tokens in the market are various ERC-20 tokens, which have issuers, insider trading, blacklists, rug pulls, zero-cost issuance... ERC-20 tokens give creators too much power, which is extremely unfriendly to investors. Anyone can create these tokens, leading to a very scattered culture and consensus. The creators aim to unify PEP culture, absorbing all PEP communities in the market to create a super user community with 1 million real holders. If achieved, $PEP's market cap could rival or surpass Dogecoin, and PEP is also the people's currency. Currently, the e-book released by the $DOGE team specifically mentions PEP, and they accept $PEP for purchasing books, making it the only other currency accepted besides Dogecoin.

2. Current Basic Situation

A. Fundamental Data

1. Market Cap: 18 million 2. Mining Progress: Consistent with Dogecoin's release model, after 5 halvings, the total supply will be 100 billion, then producing 5.2 billion annually. Currently, 86% [87 billion] has been mined, with about 13 billion left to be mined in the next half year. The next halving will occur before January 29 next year, with daily production of 90 million $PEP. 3. Miners and Mining Pools: Current hash rate at 1.2P [with daily fluctuations], on par with DOGE. One week ago, it was 100T [estimated due to miners entering]. Based on a daily output of 90 million PEP, with an LTC miner's hash rate at 16G, electricity cost at 0.45 yuan/kWh, and converting all mined Scrypt coins into PEP [including DOGE and LTC]: Each LTC miner produces about 51,000 $PEP daily [at a price of 0.0002 for conversion], with electricity costs at $5/day. The cost is 0.0001$. [This is calculated using the LTC and DOGE mining profit calculator; please adjust according to actual conditions.] 4. Community: [All data is genuine, no fabrication] Overseas: Reddit 13,000 members, Discord 5,020 members, Telegram 1,483 members, Twitter 3,048 followers Chinese: PEP Chinese Community (non-official) 562 people/Dragon One Community 2,392 people (a Chinese community promoting PEP) 5. Node Data: 4,350 6. Holding Addresses: According to statistics on November 13, 2024: over 1,004 people hold more than 1 million PEP, and 3,400+ addresses hold over 1 PEP. Of course, this data would be more by now (November 28, 2024).

B. Infrastructure

PEP's infrastructure is very comprehensive; each product alone could be a startup project, but all this has been accomplished by the community, which is astonishing. It also shows that PEP continues to move forward with its original intention. One coin, one community, very focused on community development.
1. PEP Official Website: https://pepecoin.org/
2. Wallets: [Wallets are available for all versions! Core wallet, web wallet, mobile wallet]
3. PEP Block Explorer: https://pepeblocks.com/ [Three are available, but this one is the most comfortable explorer to use, bar none]
4. Pepecoin Mining Pools
5. Tip Bots supporting multiple platforms [currently supports DC, Reddit, TG, very smooth to use; the project team is researching how to support Twitter]
6. Testnet, Faucets (several)

B. Community Media

1. Reddit (11,000) 2. Twitter (2,660) 3. Discord (4,710)

Reasons Why PEP Has High Potential:

1. From Vision to Narrative:

Pepe meme culture is widely recognized and accepted in both Eastern and Western cultures, covering an even broader community than Dogecoin. Currently, almost every blockchain has Pepe-related tokens and NFTs. The total market cap exceeds $10 billion, with Pepe on Ethereum alone reaching $4 billion, and besides that, there are BOME, APU, etc. These Pepe tokens bloom across various chains but all reside on other public chains. There isn't a Pepe public chain to unite these scattered, fighting Pepe legions into a super Pepe family. But now $PEP has appeared, forked from Dogecoin, inheriting 8 years of Dogecoin's security, with the same economic model endorsed by Musk. It aims to be the aircraft carrier for these lost Pepes, making Pepe's home, uniting all Pepe communities, and eventually, like $DOGE, becoming part of the diverse future global currency and payment system! If in the future, the world uses virtual currency, it must be through PoW; only PoW is the fairest, truly decentralized, most secure, and eternal! There's no need to worry about rug pulls, scams, or going to zero. PoW is the mechanism proven safest and most decentralized over time. For a currency used globally in a decentralized manner, security is paramount. And if in the future, the world uses virtual currency, it won't be forced upon people but will develop historically through some fortuitous event that makes everyone happily accept, promote, and use it, even thinking it's cool to use. Just like using Bitcoin to buy pizza, or DOGE for daily payments and tipping. These are fun activities, and what could be more fun, spread more widely, or be more infectious than a meme? If there's a meme coin that naturally forms or has already formed a cultural consensus globally, what would be more suitable as a payment token than this? DOGE is one, and PEP culture is another. If in the future, the world uses virtual currency, it won't be just Bitcoin or only Dogecoin but a variety of currencies coexisting to cover the entirety of human civilization. Because one currency always has its limitations. Bitcoin and Dogecoin are excellent; they already cover a large part of the population, who will buy, hold, and use BTC and DOGE. But some people simply don't like dogs, and some think BTC transaction fees are too high, especially for newcomers: Bitcoin isn't the reason to attract them to buy and use virtual currency; they haven't experienced Bitcoin's birth, the faith and consensus formation, for them, BTC is just a very expensive token. Therefore, a third or fourth token will definitely emerge to cover all humanity together. One token covering a large part of the population (i.e., holders), forcing or attracting over 10,000 people to hold a virtual currency is very hard to achieve; this task can only be done by memes, which are naturally accepted. Especially for PEP, which has already formed global consensus, there definitely needs to be a unification to make PEP part of this diverse currency system.

2. From Team

PEP's founding team shares origins with Dogecoin's team, with Dogecoin's current maintainers joining PEP's community development. From Zordick's creation to now, it has attracted over 10 developers to join voluntarily, together developing tools including block explorers, Twitter, Discord, Telegram tipping, and most people voluntarily joining in marketing. The community has determination and resilience, inheriting the decentralized, open-source, fair, and geek spirit of crypto. Without any financial support, they've been perfecting infrastructure and running websites, maintaining it very well. A core builder from the early Dogecoin days said: "Zordiak has done very well with pepcoinNetwork; from what we see, they are not speculative." The main initiator stated: "I've already put nearly 3,000 hours into the construction of the PEP public chain! My goal is to turn r/Pepecoin into a community of over 1 million people. We have no reason not to grow r/Pepecoin larger than r/Dogecoin." And indeed, the development effort for such numerous, high-quality, and smooth infrastructure is massive. Secondly, the PEP network has been running stably, with the main 6 US nodes never going offline.

3. From Miners

No need to elaborate; the hash rate has surged to 1.4T within a week, indicating that almost all major mining pools have joined PEP, including F2Pool, ViaBTC, etc. [Not ruling out that WJH has already taken control]. Miners are a significant force in the blockchain. Once these major pools announce this news, it will attract a swarm of people. But currently, 86% of PEP is already circulating, with the next two halvings giving new major miners only 14% of the supply (14 billion released within half a year), which is extremely scarce, meaning individual miners will hold very few tokens, with almost zero selling pressure from miners later on. And once PEP catches the miners' eye, due to the scarcity of tokens in their hands and the growing PEP community, miners will keep buying to ensure they have more tokens.

4. From Community

1. This is an eternal meme public chain; the current hash rate ensures it won't disappear even decades later, meaning: as time passes and the community grows, PEP's value will keep increasing. It will follow the same development path as BTC and DOGE, with more people discovering PEP, acknowledging PEP, holding PEP long-term, driving the average holding price up, and reducing external circulation. But not all memes can do this, nor can all PoW do this; it requires strong community consensus, which is passed down from top to bottom. Pepenetwork has this consensus; it was born to become a world currency, using meme culture to form a community of millions, making this million-person community happily accept and use it, ultimately like DOGE, becoming part of the future global currency system.
2. Specific data also proves PEP's potential to become a global currency, capable of creating consensus like Bitcoin's white paper. # The community numbers have been increasing since October 2024, with official Twitter gaining 1,300 followers in a month. # Global natural consensus, with PEP nodes from around the world continuously rising (starting from 200, now over 2,600) # Token distribution similar to early Dogecoin; at first, holding 10 million PEP was enough to be in the top 100, but now it's 110 million. From October 10, 2024, to now, through three market corrections, tokens have slowly moved from paper hands to true believers, with the community and whales continually joining.

5. From Current Market Environment

Finally, looking at the current market environment and sentiment:
1. The market environment is different from 5 years ago when DOGE rose; back then, fewer people were in crypto, and few recognized or valued memes, or even knew DOGE's true significance [it could be the first global currency]. In that wave, DOGE rose slowly without a benchmark, not knowing where it would end, until Musk, who understood it, led its true rise. But now, the environment is: the crypto community has grown significantly, the meme bull market has made more people recognize the value of memes, understanding the importance of community and joining community building. It should return to the decentralized model where everyone builds it together as part of human currency, not just for VC to cash out or for whales to manipulate. With DOGE as a benchmark, once PEP gets listed on Binance or similar large exchanges, it will spiral upward in comparison, at least surpassing the market cap of Pepe on Ethereum!
2. Almost no one has made money; too many new tokens are issued, funds are scarce, and there's peer-to-peer cutting without the widespread bull market seen in previous cycles. Both retail and whales are confused, not knowing where the money will flow. Retail doesn't know what to buy, and whales don't know which IP to manipulate. Everyone wants to make a fortune in this cycle because history tends to repeat, and this might be the last such cycle with the tightening of regulations and massive institutional entry reducing the chance for such chaotic fortune-making. Most people are anxious.
3. Almost every year, there's a meme that becomes a 10,000x phenomenon across Eastern and Western participation; this cycle hasn't seen one yet. PEP combines the right time, place, and people, surely allowing everyone to work together, unifying Pepe culture, making it part of the future currency landscape.
4. For whales, especially miners, finding such an IP with excellent characteristics, eternal, with strong community faith, and capable of forming natural consensus from multiple sides, is hard. PEP's development path (in terms of market cap and community) is speculative. It will be published at an appropriate time, but comparing this article with the previous 10000x article, you'll find that much of what was said has already come true. For example: the influx of miners, multiple whales fighting for tokens, community growth everywhere, natural consensus in both East and West, the spiral increase in market cap, and the addition of staunch "hodlers"... What might follow could be a larger community, major mining pools announcing PEP integration and miners buying up tokens, a surge after listing on BIT, and a benchmarked upward spiral after listing on BA with DOGE.