ConstitutionDAO (PEOPLE) vs FreeDum Fighters (DUM): Is This the End of PEOPLE's Run?

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

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