PEOPLE (ConstitutionDAO) rose 15.20% in the last 24 hours.

Gate News Bot news, August 13, according to CoinMarketCap, as of the time of writing, PEOPLE (ConstitutionDAO) is currently priced at 0.02 USD, with a rise of 15.20% in the last 24 hours, reaching a high of 0.02 USD and a low of 0.02 USD. The current market capitalization is approximately 110 million USD, an increase of 14.5 million USD compared to yesterday.

ConstitutionDAO is a single-purpose DAO experimental project. The project has achieved its organizational goal: to raise funds, participate in a Sotheby's auction, and provide a full refund to the community as promised after the failure. The PEOPLE token does not have any rights, governance, or utility, except that it can be exchanged for Ethereum from the Juicebox smart contract at a ratio of 1,000,000:1 (the same as during the initial crowdfunding). Holders can choose to retain the PEOPLE tokens for future projects, but ConstitutionDAO will not endorse any future plans for the tokens.

PEOPLE recent important news:

1️⃣ PEOPLE is listed as a focus hotspot Recently, PEOPLE has been listed as a key focus by several cryptocurrency media outlets, attracting market attention. As an experimental project that has achieved its main objectives, PEOPLE continues to receive close attention from investors and analysts, which may be one of the important factors driving its price rise.

2️⃣ The cryptocurrency community's interest in DAO projects is increasing With the continuous development of the concept of Decentralized Autonomous Organizations (DAO), ConstitutionDAO, as an iconic DAO experimental project, is gaining more attention for its token PEOPLE. This trend reflects the ongoing interest of the cryptocurrency community in DAO governance models and related tokens, which may positively impact the price of PEOPLE.

3️⃣ Potential Uses of PEOPLE Token Spark Discussions Although ConstitutionDAO has achieved its main goals, there is still discussion in the community about the potential future uses of the PEOPLE token. This uncertainty and possibility may have attracted some speculators' attention, thus driving up the token price.

From a technical perspective, the price of PEOPLE has broken through recent resistance levels, showing strong upward momentum. However, considering the unique nature of the project and the limited functionality of the token, investors should carefully assess its long-term value.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.