Introduction
The People Coin (PEOPLE) is a cryptocurrency that originated from the ConstitutionDAO project. While the original goal of the DAO (Decentralized Autonomous Organization) was to buy an original copy of the U.S. Constitution, the token itself remains popular in the crypto space. Many traders and investors look for ways to earn from it, especially on Binance, one of the largest cryptocurrency exchanges.
In this article, we’ll explore different methods to earn from People Coin (PEOPLE) on Binance.
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1. Buying and Holding (HODLing)
One of the simplest ways to earn from PEOPLE is by buying and holding it for the long term. Here’s how it works:
• If you believe in the future growth of PEOPLE, you can buy it when the price is low and wait for it to increase in value.
• This method requires patience, as cryptocurrency prices can be highly volatile.
Steps:
1. Deposit funds into your Binance account.
2. Search for PEOPLE/USDT or PEOPLE/BTC trading pairs.
3. Buy PEOPLE and hold it in your Binance wallet or transfer it to a secure private wallet.
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2. Trading (Buying Low, Selling High)
For those who prefer active trading, Binance provides a platform where you can trade PEOPLE against other cryptocurrencies like USDT (Tether) or BTC (Bitcoin).
Trading Strategies:
• Day Trading: Buy and sell PEOPLE within a short period (hours or days) to take advantage of price fluctuations.
• Swing Trading: Hold PEOPLE for a few weeks or months to capitalize on larger price movements.
Steps:
1. Learn how to use Binance Spot Trading.
2. Use technical analysis tools like Moving Averages, RSI, and MACD to predict price movements.
3. Set stop-loss and take-profit orders to minimize risk.
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3. Staking & Earning Interest
While Binance does not always offer staking for PEOPLE, you can check Binance Earn for any available staking or flexible savings options.
• Locked Staking: Earn rewards by locking your PEOPLE for a specific period.
• Flexible Savings: Deposit PEOPLE in Binance Earn and receive interest over time.
