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What is PEOPLE Coin and how to invest
PEOPLE currency is what and how to invest
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PEOPLE Coin, as the governance token of ConstitutionDAO, demonstrates the innovative power of the crypto community. From attempting to bid for a copy of the US Constitution to now having a market value of over a hundred million, the development history of PEOPLE Coin is remarkable. This article will delve into the origin, price trends, investment prospects of PEOPLE Coin, and how to participate in this digital financial revolution.
PEOPLE Coin: The Revolutionary Token of ConstitutionDAO
PEOPLE Coin is the native governance token of the ConstitutionDAO project, founded by software engineer Jonah Elrich in November 2021. ConstitutionDAO is a decentralized autonomous organization originally created to bid on a rare physical copy of the U.S. Constitution at a Sotheby's auction. Although the bid was ultimately unsuccessful, PEOPLE Coin continues to exist and attract investors' attention.
The total supply of PEOPLE Coin is 5.06 billion, operating within the Ethereum ecosystem. Each PEOPLE token is backed by 0.000001 ETH as a redemption reserve, providing a certain value support for the token. It is worth noting that PEOPLE Coin has a deflationary mechanism that may affect its supply and value over time.
PEOPLE Token Price Trend: From Historical Highs to Current Market Performance
PEOPLE Coin has experienced significant price fluctuations since its launch. When it first started trading in November 2021, the initial price was around $0.003798. Within a month, PEOPLE Coin quickly surged to a historical high of $0.1852, demonstrating remarkable growth potential.
However, the recent price trend of PEOPLE Coin shows a fluctuating pattern. The current price is approximately $0.02055, with a 24-hour increase of 5.74%. Despite a slight pullback from its historical high, it still shows considerable growth compared to the initial price.
| Timeframe | Price Change | |-----------|--------------| | 7 days | -1.88% | | 30 days | +35.6% | | 1 year | +29.9% |
PEOPLE Coin Market Analysis: Evaluation of Potential and Competitiveness
The current market capitalization of PEOPLE Coin is approximately $104 million, ranking 477th in the global cryptocurrency market. This market capitalization reflects investors' recognition of PEOPLE Coin and also indicates its further growth potential.
Compared to other community governance tokens, the market capitalization of PEOPLE Coin is at a moderate level. Although it has not reached the scale of top tokens, its unique background story and community base provide a competitive advantage.
How to Buy PEOPLE Coin: Major Exchanges and Trading Strategies
Investors can purchase PEOPLE Coin on several well-known cryptocurrency exchanges. Currently, Binance is the platform with the highest trading volume for PEOPLE Coin, offering the PEOPLE/USDT trading pair. Additionally, exchanges like OKX also support PEOPLE Coin trading.
When buying PEOPLE Coin, investors should pay attention to the following points:
Investment Prospects of PEOPLE Coin: Opportunities and Challenges Coexist
As a community governance token, PEOPLE Coin has certain investment potential. The underlying ConstitutionDAO project, while not achieving its initial goal, showcases the strong cohesion and innovation of the crypto community.
However, investors should also be aware of the challenges facing PEOPLE Coin. Factors such as high market volatility and unclear project direction could impact its long-term development. Analysts have varying future price predictions for PEOPLE Coin, ranging from $0.13 to $0.28 by 2025 and $0.30 to $2.60 by 2030.
Taking everything into account, the investment prospects of PEOPLE Coin present both opportunities and challenges. Investors should carefully evaluate and make wise decisions based on their risk tolerance.
Conclusion
The story of PEOPLE coin showcases the infinite possibilities of the cryptocurrency world. From the innovative idea of auctioning the constitution to the current market value of over a hundred million digital assets, PEOPLE coin witnesses the rise of community power. Despite facing challenges, its unique background and deflationary mechanism continue to attract investors' attention. The future development may be hard to predict, but PEOPLE coin undoubtedly presents us with a new blueprint for digital finance, worthy of continuous attention.
Risk Warning: The cryptocurrency market is highly volatile, PEOPLE coin may face risks such as significant price drops, insufficient liquidity, etc. Please invest cautiously.