ConstitutionDAO and the $PEOPLE token are off to a flying start thanks to community support and media attention. Its future success will depend on the community remaining active, new projects and general market conditions. However, due to high volatility and uncertainties, it is important for investors to be careful.
ConstitutionDAO is a decentralized autonomous organization (DAO) created in 2021 for the purpose of purchasing a copy of the US Constitution.
Created on the Ethereum blockchain, this DAO pooled community funds to achieve a specific goal.
His goal was to purchase a rare copy of the US Constitution, which was sold at Sotheby's auction house.
Funding and Participation:
ConstitutionDAO quickly raised nearly $47 million and more than 17,000 people participated.
However, they lost the auction to Citadel CEO Ken Griffin.
Technical Analysis:
- Current Price: $0.04810933 USD
- 1-week Performance: +0.7447604%
- 1-month Performance: +5.05632499%
- 3-month Performance: -29.42768337%
- 6-month Performance: -59.95530693%
- Year-to-Date Performance: -51.36674588%
- 1-year Performance: -54.84712328%
- 5-year Performance: -89.63492063%
- All-time Performance: -89.63492063%
- Volatility (1-day): 1.74911325%
Fundamental Analysis:
- Market Cap: $243,439,816.88 USD
- Circulating Supply: 5,060,137,334.7 PEOPLE tokens
- Total Supply: 5,060,137,334.7 PEOPLE tokens
- 24-hour Trading Volume: $6,475,681.51 USD
- 24-hour Trading Volume to Market Cap Ratio: 1.39
Other Indicators:
- RSI (Relative Strength Index): 75.19 (Overbought)
- Momentum: 0.02267812
- AO (Awesome Oscillator): 0.013977807735294109
- CCI20 (Commodity Channel Index): 218.19 (Strongly Overbought)
- Stochastic Oscillator:
- %K: 82.68
- %D: 83.95
- MACD (Moving Average Convergence Divergence):
- MACD Line: 0.004359545389633658
- Signal Line: 0.0014879969436958258
Based on this analysis, ConstitutionDAO has shown positive performance over the past month and week, but negative performance over longer timeframes. The RSI indicates that the token is currently overbought, and the CCI20 suggests strong overbought conditions. The Stochastic Oscillator shows a high level of buying pressure. The MACD indicates potential bullish momentum.$PEOPLE