|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
ConstitutionDAO (PEOPLE) vs FreeDum Fighters (DUM): Is This the End of PEOPLE's Run?
Oct 25, 2024 at 01:12 am
The crypto market’s legendary democracy experiment, ConstitutionDAO (PEOPLE), has been on fire in the past few weeks. But as PEOPLE’s hot streak cools
ConstitutionDAO (PEOPLE) has soared by 640% YTD, despite failing to buy a copy of the U.S. Constitution in 2021. Now, some investors are eyeing FreeDum Fighters (DUM) as an alternative.
As PEOPLE’s hot streak cools, another political cryptocurrency is heating up in a big way.
ConstitutionDAO’s PEOPLE token has enjoyed an interesting second life in 2024. Despite losing out in its bid to purchase a copy of the U.S. Constitution in 2021, the token has soared by 640% YTD. This is thanks to a renewed interest in political cryptocurrencies ahead of the upcoming election.
But as PEOPLE’s price stalls, another token is quickly gaining steam. FreeDum Fighters (DUM) is a new token that has already soared by an incredible 2,200% since its presale began six days ago. This brings FreeDum Fighters’ total presale raise to an impressive $250,000.
What Is FreeDum Fighters?
FreeDum Fighters is a new project that combines elements of political satire, Web3 technology, and a unique staking system to capitalize on the PolitiFi craze.
The project features two mechanized political figures – MAGATRON and Kamacop 9000 – that go head-to-head in a unique election.
DUM token holders can stake their tokens to vote for their chosen candidate, with each candidate offering a different APY based on their performance. For instance, at the time of writing, Kamacop 9000's staking pool offers 1,782% APY, while MAGATRON's offers 409% APY.
The project also hosts weekly social media debates, with winners not only gaining bragging rights but also receiving “covert government funding” airdrops.
This setup has seen FreeDum Fighters quickly gain attention on Telegram, with crypto expert ClayBro even labeling DUM the “top political crypto token.”
Is PEOPLE’s Rally Cooling Off or Can It Rebound?
PEOPLE has enjoyed an impressive run since early October, rising steadily to hit $0.092 earlier this month. Although the token has since dipped to $0.079, it still shows clear higher highs and higher lows on the 4-hour chart.
However, the bullishness might be winding down. On Monday, PEOPLE slipped below its 50-day moving average, a key technical indicator that often signals a change in the trend.
Even more concerning for holders, a bear flag pattern is forming on the 4-hour chart, suggesting more downside could be ahead.
If PEOPLE breaks below this pattern, the next stop could be around $0.070, where previous support might come into play.
But there’s an even bigger issue. While other political-themed tokens at least serve as proxies for specific figures, PEOPLE is running just on speculation. Without a clear use case to drive buying interest, this rally may have run its course.
FreeDum Fighters Surges by 2,200% in Presale, Beat ConstitutionDAO’s PEOPLE in PolitiFi Race?
ConstitutionDAO’s PEOPLE token has soared by 640% YTD, but another political cryptocurrency is heating up in a big way.
After losing out in its bid to buy a copy of the U.S. Constitution in 2021, ConstitutionDAO’s PEOPLE token has enjoyed an interesting second life in 2024.
The token has soared by 640% YTD thanks to a renewed interest in political cryptocurrencies ahead of the upcoming election.
But as PEOPLE’s price stalls, another token is quickly gaining steam. FreeDum Fighters (DUM) is a new token that has already soared by an incredible 2,200% since its presale began six days ago.
This brings FreeDum Fighters’ total presale raise to an impressive $250,000.
FreeDum Fighters is a new project that combines elements of political satire, Web3 technology, and a unique staking system to capitalize on the PolitiFi craze.
The project features two mechanized political figures – MAGATRON and Kamacop 9000 – that go head-to-head in a unique election.
DUM token holders can stake their tokens to vote for their chosen candidate, with each candidate offering a different APY based on their performance. For instance, at the time of writing, Kamacop 9000's staking pool offers 1,782% APY, while MAGATRON's offers 409% APY.
The project also hosts weekly social media debates, with winners not only gaining bragging rights but also receiving “covert government funding” airdrops.
This setup has seen FreeDum Fighters
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Miles Brundage, Former Head of OpenAI’s AGI Readiness Team, Departs to Focus on Independent Research and Advocacy
- Oct 25, 2024 at 06:25 am
- Long-time OpenAI safety researcher Miles Brundage will start or join another artificial intelligence firm after quitting his position as head of “AGI Readiness” and leaving the company on Oct. 23.
-
- NWaC Set to Premiere 'Sofa King Queer,' Its First Full Production Since the Emergence of the COVID Pandemic
- Oct 25, 2024 at 06:25 am
- NWaC is a nonprofit theater company incorporated in 2008 whose mission is “telling the stories of historically marginalized voices through immersive and site-specific theater in reclaimed environments.”
-
- Sui Reveals a Partnership With Google Cloud to Improve Data Access
- Oct 25, 2024 at 06:20 am
- Sui, a Layer 1 blockchain platform, has established a strategic partnership with Google Cloud, mediated by ZettaBlock. This collaboration enables developers to access real-time blockchain data using Google Cloud’s Pub/Sub service, opening up new possibilities for innovative applications.
-
- AAVE, BNB, and BlockDAG Poised for Significant Growth as Crypto Scene Morphs
- Oct 25, 2024 at 06:20 am
- AAVE has jumped 85% since September 2024, now just 11% away from a new yearly peak, grabbing the attention of many in the market. Similarly, Binance Coin (BNB) could soon break out, with patterns suggesting a potential climb to $725—a 19.45% rise from today's price. While these coins are looking up, BlockDAG (BDAG) shines brightest following a successful test launch and a presale that pulled in almost $102 million already, with its price exploding 1960% from $0.001 to $0.0206.