Why will PEPE become the third tens-billion Meme?
Doge/Shib became the first and second tens-billion-level Meme respectively in the last bull market. Their peak market value reached an astonishing US$100 billion and US$50 billion. So in this bull market, will any Meme aspire to reach the tens of billions level? market value? Pepe is on the way. I will briefly analyze the driving factors. It is done in a hurry and is for reference only.
1. Super bulls call for super Meme. Thanks to the multiple benefits of ETF/halving/interest rate reduction/bit ecology, Bitcoin will hit an epic high in this round of bull market. The funds in the currency circle will be several times that of the previous round. The derivative of cattle is super Meme. We conservatively estimate that the market value of the currency circle will reach 6 trillion in this bull market. In the last round, the overall market value of Meme accounted for about 5% of the total market value of the currency circle. In this round, we conservatively estimate If it is 2%, the scale of Meme in the currency circle can reach at least 120 billion US dollars. Within this scale, Doge/Shib is in a defensive position, and market capital will urgently call for new Meme to take the throne to form a Meme tripartite situation. Let’s compare the market value of the leading Meme in this bull market with the market value of small leading public chains in various tracks. Generally, it can reach about twice that of small leading public chains. The breakthrough of 30 billion US dollars by small leading public chains in this round of bull market is also a conservative value. Then this round of new It seems logical that the Meme leader reaches 60 billion.
2. Pepe’s natural Meme cultural heritage will build a strong consensus. As a cultural symbol, we know that Meme’s core lies in consensus. Consensus can come from multiple dimensions, and it can be a narrative Meme, such as WLD/Ordi, or a cultural one. Level Meme, such as Doge/Shib. Pepe originated from "Boys Club" in 2005, earlier than Doge in 2010. Compared with Doge, Pepe's Meme cultural gene can be said to be superior. After that, Pepe became popular on Meme culture websites such as 4chan and became a top meme. , there are many fans among Internet users, whether they are Western or Eastern. It is very important to have both Eastern and Western supporters in the currency circle, and it also represents the breadth of consensus. Obviously, the Pepe consensus comes from Meme culture, and culture has always been the core consensus in human civilization.
