The price of $PEOPLE might continue its increase, and possibly rise to $0.20 in 2024.

Hardly would you find tokens that have consistently performed well this year. But for PEOPLE, the native crypto of ConstitutionDAO, that has been the case.

it’s not that major developments have occurred for the network. However, with a low market cap and growing community number, $PEOPLE had maintained an impressive increase.

ConstitutionDAO started a disruption for a group to buy a copy of the U.S. Constitution. In doing this, the Decentralized Autonomous Organization was able to raise $40 million in Ethereum (ETH) but the funds were later refunded.

The average donation as of that time, was $206. However, the project later went all in on cryptocurrencies using the template of grassroots movements like GameStop (GME) to build its ecosystem.

Later on, ConstitutionDAO was able to get its hands on the U.S. Constitution. After it announced it on X (formerly Twitter), members of the community on Discord jumped from 7,000 to over 20,000 in less than a week.

The DAO is not secured by the Proof-of-Stake (PoS) or Proof-of-Work (PoW) consensus mechanism. Instead, the project uses a non-profit owned by the DAO’s Limited Liability Company (LLC) to protect its network.

ConstitutionDAO was a crowd-funding movement to buy a first-edition copy of the U.S. constitution. $PEOPLE is the token representing a share of the ConstitutionDAO. Since the bid for the document has failed, the PEOPLE token is now representing a DAO movement with historical significance.