POWR is a token of the platform Powerledger. Its current price is around $0.1308 at the time of writing, with a low of $0.1217, and it has a market cap of 62 million dollars.
What is Powerledger (POWR)?
POWR is the coin of the Powerledger platform, which is around $0.1308 at the time of writing, with a low of $0.1217. It reached a high of $0.8387, and its current ranking is #277, according to CoinMarketCap, with a market cap of 62 million dollars.
Power Ledger is a technology and software company that uses blockchain to trade renewable energy. The company aims to develop software for clients that allows consumers to track, trace, and trade energy in kilowatts and helps invest in renewable initiatives. Power ledger facilitates a peer-to-peer market for your small-scale energy generation.
It’s scalable, so it works no matter how big or small you are and allows you to buy & sell power in real time. The program is funded by processing fees for any P2P transaction on the platform. They foster relationships between renewable energy charities and provide access to Asset Germination Events.
POWR Coin Market Analysis
POWR has a total supply of 999,506,123 coins worth around $0.1308 with a market volume of 3 million dollars, whereas the market capitalization is 62 million dollars at writing. Power Ledger coin is one of the top 5 new cryptocurrencies to buy in 2022.
POWR Price Prediction
According to the site, Powerledger could reach around $1.11 by 2030 and $1.26 by 2031. A prediction for their maximum 2030 price is $6.76.
On the 6H timeframe, the price action of $POWR/USDT is rejected from the horizontal resistance ray. Currently, the price is moving below the horizontal resistance zone. A downward movement is expected from here.
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Closing Thoughts
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.
