{"id":146125,"date":"2021-11-29T19:07:15","date_gmt":"2021-11-29T19:07:15","guid":{"rendered":"https:\/\/precoinnews.com\/?p=146125"},"modified":"2021-11-29T19:07:15","modified_gmt":"2021-11-29T19:07:15","slug":"constitutiondaos-people-could-become-the-new-shib-or-doge-as-the-ghost-lingers-on","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/constitutiondaos-people-could-become-the-new-shib-or-doge-as-the-ghost-lingers-on\/","title":{"rendered":"ConstitutionDAO\u2019s PEOPLE Could Become The New SHIB Or DOGE As The Ghost Lingers On"},"content":{"rendered":"<ul>\n<li>The native token of ConstitutionDAO is showing signs of taking the path of popular meme coins like SHIB and DOGE.<\/li>\n<li>Although the DAO has formally closed shop, PEOPLE climbed by over 4,000% after the failed auction bid.&nbsp;<\/li>\n<li>Investors are trooping into the asset in the hopes of catching the next big break.<\/li>\n<\/ul>\n<p>The ghost of ConstitutionDAO is still haunting the walls of crypto land and could become a force to reckon with. The project\u2019s PEOPLE token is walking the fine line to immortality or is it the last gasp of a drowning man?<\/p>\n<h2><strong>PEOPLE Soars &#8211; What Is Dead May Never Die<\/strong><\/h2>\n<p>After losing out in the auction to buy the rare copy of the US constitution, the PEOPLE token climbed by a staggering 4,000% in a show of defiance. After the auction,&nbsp; PEOPLE was trading at $0.004142 but the asset mooned to reach an all-time high of $0.1638. Activity around PEOPLE saw over $200 million worth of transactions take place despite the announcement of a winding up by the DAO.<\/p>\n<p>Several factors may be responsible for the flurry around PEOPLE during the last week with the first being the listing of the token by cryptocurrency exchange OKEx. The listing is a pretty big deal in the community because the asset is now available to a wider audience outside of the pioneering contributors. Since the listing, the trading volume of OKEx has risen by over 26% and is currently at $8.1 billion.<\/p>\n<p>A splinter project known as PEOPLELAND has been created to allow ConstitutionDAO donors to mint a piece of land for free without paying any fees. PEOPLELAND does not have the authorization of ConstitutionDAO but still, it shows that the markets still ascribe value to a \u201cclosed project.\u201d<\/p>\n<p>ConstitutionDAO has stated that it will not <em>\u201cendorse any future plans for the token\u201d<\/em> but the metric shows that PEOPLE has transcended beyond the DAO. It\u2019s now a rallying cry against the establishment and could be bigger than we ever imagined.<\/p>\n<h2><strong>The Next SHIB Or DOGE<\/strong><\/h2>\n<p>One path for PEOPLE to follow is that of meme coins like DOGE and SHIB. While these assets might not have any real-world utility, they still attract hordes of investors who are either genuinely interested in the Shiba Inu breed or are just hoping to catch the next ride to the top.<\/p>\n<p>The PEOPLE token already has a telegram group with over 35,000 members and members are brimming with confidence that it could join the elite league of assets that soared to the moon.&nbsp;<\/p>\n<p><em>\u201cIt speaks volumes that a billionaire won the US constitution as opposed to the 17,437 who rallied together to try and secure this monument to freedom.\u201d<\/em> said the Museum of Crypto Art on Twitter. <em>\u201cThe people\u2019s time is coming.\u201d<\/em><\/p>\n<p>Perhaps, the rise of the PEOPLE could be the perfect allusion to the Game of Thrones saying, \u201c<em>What is dead may never die, but rises again harder and stronger.\u201d<\/em><\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/constitutiondaos-people-could-become-the-new-shib-or-doge-as-the-ghost-lingers-on\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of ConstitutionDAO is showing<\/p>\n","protected":false},"author":3,"featured_media":146124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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