People Coin #PEOPLE ($PEOPLE ), the native token of ConstitutionDAO, is currently trading at approximately $0.0191 USD. The intraday trading range has been between $0.0184 and $0.0214. This marks a notable decline from its previous highs in 2024 and especially from its all-time high in late 2021.
📉 Recent Price Movements
In mid-2024, PEOPLE saw a major price rally, reaching a two-year high of $0.143. This surge was largely driven by increased trading volume and renewed interest in community-based tokens. However, by June 2024, the momentum faded, and the price corrected to around $0.094, with analysts pointing to overbought technical conditions.
As of now, the price has settled much lower, reflecting overall weakness in the altcoin sector and a shift in investor focus.
🔍 Technical Outlook
Technical indicators suggest that PEOPLE is currently sitting near key support around $0.0165, with resistance levels between $0.0178 and $0.0182. A clean break above these levels could spark a minor bullish trend, but a failure to hold support might lead to further decline.
🧠 About ConstitutionDAO and PEOPLE
ConstitutionDAO was launched in 2021 with the ambitious goal of buying a rare copy of the U.S. Constitution through decentralized crowdfunding. Though the DAO ultimately failed in its bid, it gained massive attention as a proof-of-concept for community-driven crypto initiatives.
The PEOPLE token was created as part of this effort and operates on the Ethereum blockchain as an ERC-20 token. Today, it's mostly seen as a symbol of crypto history and an experiment in DAO-based governance.
⚠️ Investor Note
Despite past hype, PEOPLE remains a highly volatile and speculative asset. Its value is largely driven by market sentiment rather than fundamentals. Anyone considering investing should approach with caution, perform their own research, and stay updated on broader crypto market trends.
As with many niche tokens, the future of PEOPLE will depend heavily on market momentum, community interest, and overall sentiment in the Web3 space.
