As global political activity remains high, the PolitiFi crypto space has been growing considerably, presenting a huge opportunity for investors to profit from politically themed tokens.
ConstitutionDAO, listed as the first and largest PolitiFi crypto by CoinGecko, continues to capture attention even after its original mission concluded. In this article, we examine the future prospects of ConstitutionDAO and explore whether the PEOPLE token will sustain its current value and potentially see further gains.
What is ConstitutionDAO?
ConstitutionDAO could be considered one of the earliest political cryptos, emerging in November 2021 as a DAO with an ambitious goal: to collectively purchase one of the few remaining first-edition copies of the U.S. Constitution at a Sotheby’s auction.
The project aimed to create a historical opportunity for citizens to own a piece of American heritage, making it a huge success in community engagement. ConstitutionDAO quickly raised over $47 million in Ethereum from more than 17,000 contributors, gaining significant attention within a short period.
While the rest of the world focused on investing in projects to make massive profits, the investors in this project were a tightly-knit community of contributors focused on achieving the final goal above all.
Unfortunately for the community, ConstitutionDAO narrowly lost the auction to hedge fund billionaire Ken Griffin, who managed to secure the document with a $43.2 million bid. The developers were transparent about the goal of the project from the beginning, so they announced that the DAO would be dissolved, allowing contributors to reclaim their funds in the form of PEOPLE tokens.
Even though the project’s primary goal was unachieved, ConstitutionDAO positioned itself as a blockchain marvel. It became celebrated as an example of how DAOs can mobilize a large community for a shared purpose. Interestingly, this hype and dedication from its community helped the PEOPLE token sustain relevance, as the community has continued to rally around it.
Now, ConstitutionDAO is listed as the top PolitiFi crypto by market cap, with PEOPLE reaching valuations exceeding $600 million at its peak, highlighting its resilience in the market.
PEOPLE Token Price History
Initially distributed as a refund for contributors after the DAO’s dissolution, PEOPLE surprisingly did not fade into obscurity. Instead, it garnered a loyal following, leading to periods of rapid price appreciation. As per its all-time chart, PEOPLE has seen several peaks and troughs, with a major rally in late 2021, shortly after the auction, before experiencing a cooldown period in 2022.
More recently, in 2024, PEOPLE managed to enter an uptrend, likely fueled by the renewed interest in PolitiFi projects. The token reached a notable high of around $0.10 in recent months before correcting to its current level around $0.075.
The RSI indicator on the recent chart suggests that the token is currently in a neutral range, indicating potential for a stable phase or minor upward movement if market sentiment remains favorable. PEOPLE’s sustained value, despite the project’s initial objective being defunct, is a testament to the strength of its community, which has managed to keep the token relevant and prevent it from losing momentum.
PEOPLE Price Prediction
Q4 2024
At the time of writing, PEOPLE shows signs of consolidation around the $0.073 mark after reaching highs of $0.10 earlier this year. Given its position in the PolitiFi space and continued community interest, the token may see another push to test the $0.10 level if political and crypto market trends align favorably.
With Bitcoin almost breaking its all-time high following a surprising price movement above the $72k level, investors are now optimistic that altcoins, including PEOPLE, might be on the path to new highs.
However, investors should remain cautious, as the token has shown some volatility in the past. If PEOPLE can break through its immediate resistance, a short-term target of around $0.12 could be on the horizon.
Yet, with current market uncertainty, a period of stabilization or minor corrections is also a plausible outcome, especially if the broader crypto market slows down. However, given the upcoming elections and the hype surrounding them, it may not be wrong to speculate on further growth for the token as the leader of the politico cryptos category.
2025
Like any other political crypto, PEOPLE’s ability to sustain and grow its value will depend largely on the continued support and activity of its community. While the original purpose of ConstitutionDAO no longer applies, the community’s commitment could transform PEOPLE into a symbol of decentralized collaboration.
If the PolitiFi sector gains more traction and PEOPLE remains a popular choice, it could see an increase in adoption, potentially pushing its value to challenge past highs. In an optimistic scenario, PEOPLE might target its previous all-time high at a $600 million market cap, driven by both speculation and PolitiFi’s growth as an individual category.
However, without any new use cases or developments, achieving this level will require sustained interest and a favorable market environment.
2030 and Beyond
By 2030, PEOPLE’s future will be highly dependent on its ability to adapt and find relevance in the long term. If ConstitutionDAO’s legacy evolves into a broader movement within the crypto space—where tokens represent shared values or historical significance—the PEOPLE token could see long-lasting value.
Should it manage to remain a top PolitiFi token, PEOPLE might even challenge a $1 billion market cap. Such a valuation would likely require significant community engagement, adoption in broader political contexts, or integration with platforms or events that align with its historical and symbolic value.
This scenario depends on continued engagement from the crypto community and possibly the emergence of similar initiatives that add credibility to PolitiFi as a valuable sector.
FreeDum Fighters Could Be the Next ConstitutionDAO
While ConstitutionDAO has demonstrated the power of community-driven political tokens, newer PolitiFi projects like FreeDum Fighters are also gaining traction at a rapid pace.
FreeDum Fighters taps into the politically charged atmosphere by designing a crypto that aligns with the current political climate. It boasts a roadmap closely tied to the upcoming election period, featuring the two presidential candidates, Kamala Harris and Donald Trump, in virtual and comical avatars.
The project’s unique debate rewards system allows users to stake tokens and support virtual “candidates,” creating an interactive and engaging experience for politically minded investors.
FreeDum Fighters offers an exciting entry point at $0.00006 per token and has already raised over $350k in its presale stage, indicating early investor enthusiasm. This brand-new PolitiFi token has gained attention not only due to its engaging features but also because of its potential for growth as the election period draws closer.
Audited by SolidProof and Coinsult, FreeDum Fighters emphasizes security and transparency, making it a credible investment for those looking to diversify within the PolitiFi space.
It has already been dubbed by popular influencers and YouTube channels as a political token to watch out for. In a recent video, trending crypto YouTube channel 99Bitcoins says FreeDum Fighters has 100x potential.
For those interested in exploring politically-themed cryptos, FreeDum Fighters presents a unique alternative to PEOPLE, with innovative features and a direct connection to upcoming political events.
With the political space always influencing markets, FreeDum Fighters could also offer a fresh perspective on memecoins while providing significant returns as the project gains traction among politically-driven investors.
For more information, follow FreeDum Fighters on X or join its Telegram channel.
