Power Ledger is a blockchain-based peer-to-peer trading platform for renewable energy. The company has recently been in the news after it announced its partnership with Tencent and Qihoo 360, and its recent price surge to over $2.00 USD per POWR token from just under $0.20 USD at the beginning of December 2018.
Power Ledger is an Australian blockchain-based peer-to-peer energy trading platform. The company has a current market capitalization of $1.6 billion and the price prediction for 2021, 2022, & 2025 are $0.30, $2.00, & $5.00 respectively.
Whether you’re new to cryptocurrency trading or a seasoned pro, you’re undoubtedly on the lookout for fresh investing possibilities. If you are, you are well aware that there are hundreds of different cryptocurrencies available, many of which are worth pennies. There are even tokens that cost less than a penny. Whether you’re searching for a cheap cryptocurrency to invest in, you’ve undoubtedly came across the Power Ledger token (POWR) and are thinking if it’s a suitable choice. Continue reading for a Power Ledger pricing forecast for 2021, 2022, and 2025. It may possibly help you determine whether it’s worthwhile to invest in.
Historical Price Analysis of the Power Ledger
Power Ledger is a blockchain-based business headquartered in Australia that aims to make energy more democratic, cheap, and efficient for everyone. The Initial Coin Offering (ICO) for the Power Ledger coin took place in late 2017 and was the biggest crowdfunding initiative in Australian history. POWR’s price at the ICO was 0.09 USD, according to cmc.io, and the currency hit an all-time high of 1.89 USD on January 7th, 2018. On March 13th, 2020, the all-time low was 0.0318 USD.
Details on the current price, market capitalization, and supply
There are 432,229,654 Power Ledger tokens in circulation as of this writing (43 percent of the total 1 billion tokens). With a 24-hour trading volume of about 68 million USD and a Market Cap of just under 139 million USD, 1 POWR costs 0.3225 USD.
Future Price Forecast Predictions for Power Ledger (POWR)
Of all, no one can truly foresee the future, and unless you’re traveling across space and time in a blue box, you can’t tell how much a token will be worth tomorrow, much less five years from now. There are, however, prediction algorithms. Trading professionals have developed highly sophisticated software that monitors market patterns for both individual tokens and the whole cryptocurrency market in order to forecast future values. We may also look at their short- and long-term Power Ledger pricing forecasts.
Forecast for the Near Future
|
After |
Price |
Change |
|
1 day |
USD 0.364468 |
+11.2% |
|
1 week |
USD 0.390583 |
+20.2% |
|
1 month |
USD 0.248614 |
-27.5% |
|
6 months |
USD 0.525840 |
+57.9% |
|
1 year |
USD 0.557745 |
+69.73% |
Long-Term Predictions
|
After |
Price |
Change |
|
1 year |
0.383745 |
+69.73% |
|
2 years |
0.739989 |
+123.81% |
|
3 years |
1.080057 |
+228.36% |
|
4 years |
1.782721 |
+411.39% |
|
5 years |
2.898050 |
+777.46% |
*This price forecast is based on data gathered from a variety of sources and is intended only for educational purposes. It should not be construed as financial advice. Before investing, users should do their own research.
Price Prediction for the Power Ledger in 2021
Despite the worldwide COVID-19 epidemic, the cryptocurrency industry as a whole had a difficult year in 2019, and is showing indications of recovery in early 2021. However, according to price prediction algorithms, 1 POWR might be worth 0.3986 USD by the end of the year. This would represent a 60 percent rise.
Price Prediction for the Power Ledger in 2022
By the end of 2022, the algorithms predict that the price of Power Ledger will have increased by almost 125 percent, reaching around 0.73 USD/POWR.
Price Prediction for the Power Ledger in 2025
By the end of 2025, the price prediction algorithm predicts that 1 POWR will be valued approximately 2.89 USD, almost eight times its present value.
Is Investing in Power Ledger a Good Idea?
The Power Ledger’s success is determined on the company’s democratic, cheap, and efficient energy program. And they seem to be doing well thus far, with 23 projects in eight nations. This, along with the price prediction algorithms, seems to indicate that Power Ledger is a solid long-term investment.
How can I get a hold of a Power Ledger?
If you want to get your hands on some Power Ledger tokens, the first thing you need do is figure out where you can obtain them. CMC.io and coincodex.com, for example, can inform you which exchanges offer the POWR token and which trading pairings are accessible. A short glance reveals two key points: To begin, there is no fiat/POWR trading pair whatsoever, so you’ll have to purchase your tokens using cryptocurrency. Second, Binance is the most active exchange in terms of POWR trading volume, where you may purchase Power Ledger using Bitcoin, Ether, or Binance tokens.
Let’s pretend you’re going to purchase POWR with ETH on Binance. Log in to your Binance account first, then if your Ether is stored in a personal wallet (as it should be), move Ether from your personal wallet to your Binance wallet. After you’ve added your tokens, go to the top ribbon and choose “Markets.”
On this website, go to the ALTS Markets tab and enter POWR in the right-hand search box. The POWR/ETH trading pair is something you should look into. Select it by clicking on it.
This will take you to the appropriate market page, where you can enter the amount of ETH you wish to spend and then click the BUY POWR button at the bottom. That concludes our discussion. In a few minutes, your Power Ledger Tokens should be in your wallet.
Power Ledger: Additional Information
Power Ledger, as previously stated, is the cryptocurrency that underpins the Power Ledger energy initiative. Some of you may not be aware that Australia is one of the nations where energy is more costly, making it the ideal location for such a project. Installing solar panels in your house or business and then selling your surplus energy to other users, storing energy in batteries for later sale, or even selling energy back to your energy provider are all possible with the Power Ledger initiative.
Of course, there are many licenses and restrictions that differ from state to state and nation to country, but enthusiasm for this initiative is growing. Please visit their website at powerledger.io for additional information on what they are doing.
The Team
The Power Ledger team consists of the following individuals:
- Dr. Jemma Green (Executive Chairman and Co-Founder), a former Deputy Lord Mayor of Perth who worked for London’s JP Morgan before earning a Ph.D. in energy market disruption. In 2016, she co-founded Power Ledger and was named the 2018 EY Fintech Entrepreneur of the Year.
- John Bulick (Technical Director and Co-Founder), an early adopter of blockchain technology in Australia, has already created blockchain-based solutions for handling pictures, videos, papers, and medical data. Vinod Tiwari (Head of Business Development and Sales), a former technical sales manager for General Electric India with a bachelor’s degree in electrical and electronics engineering.
- Caren McLaren (Sales & Business Development Executive) has 17 years of expertise in the energy industry in Western Australia. Anya Nova (Crypto Economist & Business Development Manager) is a passionate crypto economist, the director of Blockchain Australia, and the 2019 Australian Blockchain Leader of the Year Award winner.
- Dr. Bill Tai (Global Ambassador & Advisor) has served on the board of directors of seven publicly traded businesses that he helped develop from startups since the early 1990s. He is a Curtin University Professor of Innovation.
- Prof. Peter Droege (European Ambassador) is the head of the Liechtenstein Institute for Strategic Development and a world-renowned specialist on urban sustainability, advanced urban policy, and design.
Richard Branson’s worldwide Extreme Tech Challenge was won by the Power Ledger team in 2018.
Conclusion on the Price of the Power Ledger
Power Ledger is one of those cryptocurrencies that is connected to a large-scale initiative that has the potential to transform the world. Energy is one thing that everyone need in order to live a contemporary lifestyle. I would not have been able to write this essay without it, and you would not be able to read it. Many individuals, particularly in wealthy countries, are unaware of how important energy is (except, maybe, when the time comes to pay the monthly electricity bill).
Even within the same nation, energy costs may vary dramatically from one location to the next. Energy producers (fossil fuels, hydropower, geothermal nuclear, etc.), energy retailers (your local power company), and end-users are all involved in the distribution of electricity. Power Ledger would enable a more equitable, efficient, and cost-effective system that would benefit everyone. Of course, local laws and permissions will play a role, particularly if the Power Ledger system has to be linked to the main grid. However, many countries are paying attention and are becoming more receptive to this technology.
The project’s future seems bright, which makes the token’s worth as a long-term investment look extremely promising. Of course, some anticipate that POWR will be worthless in less than a year, while others forecast a price of almost two dollars by late 2025. Using more cautious methods, we forecast a Power Ledger price of 0.396 USD by late 2021, 0.73 USD by 2022, and 2.899 USD by 2025. The forecasts seem to be positive, so you may as well get on board and purchase some POWR tokens right now. Good luck with your trade!
See Also:
The one ledger price prediction is a cryptocurrency that is using blockchain technology. It has been predicted that the price of one ledger will be $0.00 in 2021, $0.00 in 2022, and $0.00 in 2025.
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