The U.S. presidential election is approaching, what are the popular speculative subjects this time?
$DOGE , this is the ancestor of meme coins. It is related to politics mainly because Musk supports Trump. On August 20, Musk tweeted that he wanted to create a 'Department of Government Efficiency', abbreviated as D.O.G.E, a concept suggested by the DOGE community. Trump also responded, saying that if elected, he would establish this department to properly audit the government’s finances and see if savings could be made. As a result, the price of DOGE is now linked to the election.
Currently valued at 25.5 billion, it has risen 48% in the last 14 days, and every time Musk posts or Trump mentions it, the price can rise.
Next, let's talk about $PEOPLE , which is not directly linked to presidential candidates. It is a token issued by ConstitutionDAO.
ConstitutionDAO is a decentralized organization established in 2021, which aimed to raise money to buy a copy of the U.S. Constitution at a Sotheby’s auction, raising 6000 ETH, about 40 million dollars. At the same time, they also issued the PEOPLE governance token through a blockchain platform, where 1 ETH could be exchanged for 1 million PEOPLE. Token holders could not directly own the Constitution but could participate in community governance. Although they ultimately failed in the bidding and the project ended, some people still hold PEOPLE tokens, using them for other projects, thus making People a meme coin.
Meme, fully circulated, low market value, coupled with the natural political attributes related to the Constitution, these are the driving forces behind People’s rise.
If you want to seize this bull market, it’s definitely too late to learn and sell on the spot; it’s best to have someone help you get started quickly.
I am Uncle Lei, welcome to communicate!
