People was listed on OKEx on October 1, 2021, and then on Binance on December 1 of the same year. Since its launch on Binance, the price has fluctuated and fallen all the way, causing many Binance users to take over the selling orders of OKEx users.
People has been on the exchange for a long time, and it has lacked significant market activity and attention in the early stage. Generally speaking, there is a trend in the currency circle to "play with the new rather than the old", but People has not been able to attract enough market interest.
Currently, the meme market is very hot and widely sought after by coin users. The story background of People is also related to the upcoming US political election, which makes it have the potential to re-attract market attention with the help of political topics.
Since its launch, People has not made any significant moves. The price has continued to fall, and continuous harvesting has failed to bring actual benefits to the exchange by increasing trading volume and market popularity. If you continue like this, you may face the risk of being delisted by Binance. Therefore, what must this coin do to avoid being delisted. This is a superficial reason
The main reason is that from the perspective of the banker, after the launch, they did nothing and kept falling to make money. Now they are taking advantage of the election and MEME to restart the project. The main reason is that they have enough low-priced chips to speculate wantonly. If you are a banker, no matter how unpredictable it is, you will not spend money in the bull market and throw it aside, right? This is the reason for the recent rise.
Therefore, when you are enjoying the rise, you must also learn to foresee the risks! It is difficult to predict whether the currency price will rise or fall in the future. The dealer has enough chips and capital. He can make the price rise or fall as he pleases. If you sell at a loss, he will pull the price up, and if you enter the market, he will insert a needle. It is just a cycle of cutting leeks. Those who are inexperienced will be constantly cleaned out in the process. Retail investors, as external funds, usually find it difficult to receive these internal information under the condition of information asymmetry. In the end, it is the retail investors who get hurt. The experienced leeks left behind, if you are lucky enough to make money in this round of rise, you must learn to be content, the sickle is waving at you.
The dealers want to make money, the exchanges want to make money, the market makers want to make money, the project owners want to make money, the KOLs in the cryptocurrency circle want to make money, and the analysts want to make money. What ability do you have to get a piece of the pie from them?
