PEOPLE Coin, often compared to meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), represents one of the most unconventional stories in the crypto space. Unlike typical cryptocurrencies backed by groundbreaking tech or robust roadmaps, PEOPLE surged to fame through community support and celebrity endorsements—defying expectations even after the collapse of its parent project, ConstitutionDAO, in late 2021.
Today, PEOPLE thrives as a community-governed governance token. But what does its future hold? Is it still a worthwhile investment?
This article explores:
- The origin of ConstitutionDAO and PEOPLE Coin
- Key utilities of the token
- Expert price predictions for 2024 and beyond
ConstitutionDAO: A Bold Experiment in Crypto Crowdfunding
PEOPLE Coin originated as a donation receipt for contributors to ConstitutionDAO—a decentralized autonomous organization (DAO) formed in November 2021. Its mission? To crowdfund the purchase of a rare 1787 U.S. Constitution copy auctioned by Sotheby’s, preventing exclusive ownership by wealthy elites.
How It Unfolded:
- Raised 11,000 ETH (~$45M) in days—double the estimated auction price.
- Lost the bid to Citadel CEO Ken Griffin but marked a symbolic challenge to centralized capital.
- Proved crypto’s potential for collective action, unlike short-lived scams (e.g., Squid Game token).
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The Fate of PEOPLE Coin: Three Paths Forward
After ConstitutionDAO dissolved, debates over refunds led to three choices for token holders:
- Redeem ETH: Burn PEOPLE tokens for ETH (paying gas fees again).
- Hold for WTP: Convert to “We The People” (WTP) governance tokens.
- Do Nothing: Retain original PEOPLE tokens.
Ultimately, PEOPLE evolved into a community-driven governance token with a unique safety net:
- Each PEOPLE is backed by 0.000001 ETH (redeemable indefinitely).
- Built-in deflation: Redeemed tokens are burned, creating scarcity.
PEOPLE Coin Price Predictions: 2024–2031
Analysts remain divided on PEOPLE’s long-term value. Here’s a comparative outlook:
| Source | 2024 | 2025 | 2026 | 2030 | Notes |
|-----------------|--------|--------|--------|--------|---------------------------|
| DigitalCoin | $0.095 | $0.13 | $0.12 | $0.30 | Steady growth projected. |
| PricePrediction | $0.20 | $0.28 | $0.41 | $2.60 | Bullish, citing meme hype.|
| WalletInvestor | $0.05 | – | – | – | Cautious short-term view. |
Critical Factors Influencing Price:
- ETH Correlation: PEOPLE’s floor price rises with Ethereum’s value.
- Community Activity: Viral trends could spur volatility.
- Governance Utility: Adoption of WTP may boost demand.
FAQs: Quick Answers to Key Questions
Q: Is PEOPLE Coin dead after ConstitutionDAO’s shutdown?
A: No—it transitioned to a governance token with active community backing.
Q: What’s the safest way to invest in PEOPLE?
A: Treat it as a high-risk asset. Diversify and only invest what you can afford to lose.
Q: How does PEOPLE’s redemption mechanism work?
A: Holders can exchange 10,000 PEOPLE for 0.01 ETH (minus gas fees) indefinitely.
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Final Verdict: Should You Invest?
PEOPLE Coin’s survival hinges on community sentiment rather than technical merits. While its redemption peg prevents a total crash, its price will likely mirror meme coin volatility—making it speculative.
For traders: Short-term swings may offer profit opportunities.
For long-term holders: Focus on ETH’s growth to anchor PEOPLE’s value.
Always conduct independent research before investing.