On January 5, Powerledger (POWR) was launched on HotsCoin. Powerledger (POWR) is a software solution provider focusing on renewable energy tracking, tracing and trading, achieving innovation for the energy market through its blockchain technology. This report will provide an in-depth study of Powerledger’s key information, token economics, key events and impact on the market, in order to provide investors with a comprehensive understanding. POWR is currently open for trading on HotsCoin.
Basic Information:
Powerledger’s core goal is to enable efficient trading of renewable energy certifications through the digital marketplace TraceX. TraceX uses blockchain technology to process energy attribute certification (EAC) transactions, including renewable energy certification (REC), guarantee of origin (GO), carbon credits, etc. Token information shows that the total supply of POWR is 999,506,122.999, and the circulating market value is $312,029,204.645.
Key events:
October 6, 2017: Powerledger completed ICO financing and raised US$34 million, laying the foundation for its development.
Solar trading trial: Powerledger conducted a solar trading trial and found that blockchain peer-to-peer energy (P2P) trading reduces costs and provides a better experience for consumers. The trial, funded by the Australian government, is a powerful validation of the practical effects of P2P energy trading.
RENeW Nexus Project: As part of this project, Powerledger successfully researched distributed virtual power plants and microgrids to provide technical support for sustainable development.
POWR coin introduction:
The POWR token is the core token of the Powerledger platform and supports its decentralized energy trading platform. Powerledger is committed to building a decentralized and trustless power trading network to achieve fair returns on energy by motivating more people to participate in the production of renewable energy.
POWR coin performance:
POWR token has experienced significant gains over the past week, rising by 125%. Its market value has grown rapidly in a short period of time, breaking through key technical resistance levels and injecting new vitality into the entire cryptocurrency market. The current price of POWR token is $0.358, with a market capitalization of $183 million.
Big breakthroughs in Powerledger:
Powerledger’s native token POWR managed to break above the $0.1650 resistance level, signaling a break from the recent downtrend in the cryptocurrency market. This breakout occurred on October 14, 2023, and POWR token subsequently had a successful retest and began a rapid rise on October 20, reaching a maximum price of $0.3782.
in conclusion:
To sum up, Powerledger (POWR) has had a strong performance over the past week, successfully breaking through technical resistance and breathing new life into the cryptocurrency market. Its decentralized and trustless power trading network solves the core problem of distributed energy and lays a solid foundation for the development of the future energy market. Investors should pay close attention to Powerledger's development, especially its leadership in the convergence of renewable energy and blockchain technology.
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