Let's talk about the People coin:
People was launched in November 2021, right when Bitcoin was breaking its historical high and the bull market was about to end. So it didn't really explode when it first launched, and the momentum was small. In this bull market, it has actually already had a surge, so is there a possibility for another wave? I think there is.
The total supply of People is 5.06 billion, and its current market value is 128 million, with a circulation rate of 100%.
As one of the more popular coins in the meme sector, People has always maintained a high level of attention. The overall enthusiasm for the meme track is still there, and People has actually increased nearly twice in this recent wave. In a bull market, there is still room for it to move up.
From the price perspective, looking at the monthly chart, it is currently just stuck at the last high point of the previous bull market's final rebound, a level that has been tested twice without breaking through. However, once it surpasses 0.03 and stabilizes, there won't be much selling pressure above in the short term.
I think the possibility of a second surge is quite high, but don’t expect gains like last time, where it increased by ten or twenty times; overall, a 3 to 5 times increase seems more reasonable.
