Recently, the price of PEOPLE token suddenly increased by 12.30%, and the trading volume also increased by 3.96%. This sudden rise comes at a time when the token is trying to break through the downtrend line that has been restraining its price since the beginning of March. During this period, the price of PEOPLE token has fallen by 70%.
Now, with the price recovery, bullish sentiment is high again. They are looking forward to seeing clear signs of a breakout of the downtrend line. If this breakout occurs, the price is likely to usher in a 100% increase.
People was listed on OK on October 1, 2021, and then on Binance on December 1 of the same year. Since it was listed on Binance, it has been fluctuating and falling all the way, which is equivalent to Binance users taking over the OKx users.
This thing has been on the exchange for so long, and it has not made any big noise or sound. Generally speaking, the currency circle pays attention to playing with new things instead of old ones.
However, this round of meme narratives is hot and popular, and it can be superimposed on the upcoming US political election. Those who are interested in the origin and narrative of#peoplecan go and learn about it. The K-line of people is somewhat unusual among the memes that have been listed and have ample potential liquidity.
As an anchor point of the market at this stage, the performance of People is crucial. As mentioned earlier, those who are not optimistic may become the highlight of the market. In investment, we must improve our pattern and broaden our horizons. If it can reach $5 in the future, it will be a huge growth potential.
The operation ideas behind the surge of People
1. Change of dealer and chip transfer: During the A point period, a large number of chips of People coin were transferred within the exchange, and it was rumored that it involved a change of dealer operation. The process of changing dealers involves chip transfer and shell purchase, but the risk control of the exchange is strict and needs to be operated with caution.
2. Trial and main energy: Point A is regarded as the trial stage. The main force demonstrates its energy and confidence by testing the volume and eating a large number of iceberg commissions. The trial height is high, indicating that the main force has plans for subsequent actions.
3. Trading strategy and buying point selection: Retail investors can adjust their trading strategies according to the trial situation and position holding capacity. I believe that the price of the currency can rise to the highest point at point A, so I can buy in batches at the right position to spread the cost.
4. Point B height and selling time: When the price of the currency rises rapidly to point B, although it is expected to exceed the high point of point A, you need to be wary of false signals in actual operations.After reaching a certain increase, you should consider selling to protect profits.
5. Volume and game balance: When buying chips, you need to pay attention to controlling the maximum purchase volume to avoid destroying the game balance. The growth of volume is crucial to driving the price of the currency up, but insufficient volume may lead to price corrections.
6. Protecting positions and making profits: As the signal is released and the market-making time is extended, the difficulty of the game will gradually increase. Therefore, it is particularly important to do a good job of protecting positions and making profits in the early stage. Through profit making, negative costs can be achieved and profits can continue to grow.
7. Subsequent purchase points and signal judgment: In the process from point B to point C, reasonable purchase points will appear. Retail investors need to combine the overall market trend and the time of rise to judge the purchase time. At the same time, pay attention to the performance of volume and signal release to determine whether to increase or leave.
Why people have a special liking for PEOPLE tokens
Although its actual value remains to be observed, its name contains profound meaning. The word "People" fits the core concept of DAO and is in line with the vision of decentralization.
In this concept, everything is decided by the people themselves, reflecting people's yearning and pursuit of democracy. The People's Token conveys the strong consensus, openness, transparency and complete autonomy of the DAO organization concept, which inspires people's expectations and dreams for a better future. Perhaps the People's Token will become the next SHIB and inspire people's enthusiasm!
In general, the success of the People's Token is not only because it has raised huge funds or built a strong community, but also because it has successfully attracted people around the world who are interested in blockchain and decentralization through a series of hype hotspots.
The success of the People's Token demonstrates the potential and charm of decentralized governance and provides valuable experience and inspiration for future blockchain projects. In the ever-changing context of the cryptocurrency world, the People's Token and its community have become a beautiful landscape.
In general, the success of the People's Token is not only because it has raised huge funds or formed a strong community, but also because it has successfully attracted people around the world who are interested in blockchain and decentralization through a series of hype hotspots.
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