Since May, friends and acquaintances have been asking if there are any similar ones or if people can still get on board. In this issue, let’s talk in depth about people.
People is a project that was launched in November 2021. Its launch time almost coincided with the time when Bitcoin broke through its historical high and ended the bull market. Therefore, the project's explosive power after launching was relatively small. After a whole bear market, it can be said that a certain potential has been accumulated. In the current bull market, the probability of People's explosion is still very high.
The total amount of People is 5.06 billion, the current circulating market value is 388 million, and the circulation rate is 100%. As a popular meme coin project, People has received relatively high attention. In the bull market, it still has a lot of room for growth. Recently, the meme sector has maintained a high heat, and the price of People has risen by nearly two times.
Coinbase Wallet and Musk's hints are indirectly affecting the price of People. These factors hope to convey to you that People may become the next Shiba Inu. However, the final result depends mainly on subsequent development and the strength of the community.
According to objective analysis of project data, People still has great growth potential. People is also included in the aforementioned 100-fold coins. At present, the total market value of People is less than 400 million US dollars. If the increase reaches 10 times, the market value will reach 4 billion US dollars; if it reaches 100 times, the market value will reach 40 billion US dollars. This growth space is still considerable.
People was launched at the end of 2021, almost after the end of the last bull market. Its historical highest price was about $0.186, and the recent high has been close to $0.1. Considering the popularity and consensus abroad, there is still a lot of growth opportunity in the future.
According to data disclosed by Feixiaohao, the top ten currency holding addresses are mainly controlled by Binance and Ouyi, accounting for more than 60% in total. This is also in line with the expectations of subsequent speculation, which means that there is still a lot of room for development in the future.
From the weekly level, the current price of the currency is close to the last high rebound position before the end of the previous bull market. This position has not been broken through after two tests, but once it breaks through and stands above $0.01, it is unlikely to see a large selling pressure in the short term.
At present, the positions of large investors are relatively stable. Once the pressure from above disappears, the price will rise higher and higher. And each new rise has created a new historical high. Coupled with the promotion of Cryptocurrency market news, more people will pay attention to People, further pushing up prices.
For investors who have not yet opened a position, you can consider opening a position in batches below $0.075. The $0.06 range is also a good opportunity to cover your position. The long-term holding target can be set around $0.16. Once it reaches $0.16, you can consider selling part of your capital and holding the rest until the peak of the bull market. It is strongly recommended to hold a portion of the spot!
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle!
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