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Highlights
- POWR crypto explores new energy markets, it enables tracking and trading of energy and other environmental commodities.
- POWR crypto was listed on Coinbase exchange on 16 November, which helped it to register gains by massive 128%, and volumes soared by a massive 12879%.
- According to CoinMarketCap, the POWR crypto was trading at US $0.798435 with a 24-hour trading volume of US $1,784,491,798.
With the cryptocurrency industry growing manifold, there is an increasing emphasis on the impact of a cryptocurrency on the environment. Popular cryptos such as Bitcoin have often been criticised for the immense energy it consumes while it is mined.
But imagine if you could have crypto that could yield benefits at the same time is environmentally safe. This is where the Power Ledger crypto (POWR) comes into the picture. POWR is blockchain-based crypto that aims to disrupt the global energy industry by enabling the areas to sell and distribute solar power without the involvement of middlemen.
POWR crypto: An eco-friendly token for investors
As POWR crypto explores new energy markets, it enables tracking and trading of energy and other environmental commodities. On Tuesday’s POWR, crypto generated massive interest both in terms of price and volume spike.
The Coinbase listing
POWR crypto was recently listed on the Coinbase exchange, which seem to have triggered the rally and helped POWR crypto move up the charts.
POWR has generated good returns over the past one and a half months, but the Coinbase listing has given it a massive boost as it registered gains by massive 128% and volumes soared by massive 12,879% at the time of writing (BST 11:50 am).
Why choose POWR crypto?
Operating on the Ethereum network, the POWR crypto allows users to buy and sell energy on the existing electrical grid. Through peer-to-peer transactions, the users can trade their POWR token using the Ethereum Smart Bond exchange.
With POWR crypto, the asset owners have the right to decide who they want to sell the energy to and at what price. Accordingly, the trades are finalised and distributed and are strictly monitored from time to time.
How is POWR faring?
POWR crypto is ranked 175 on CoinMarketCap. Buoyed by the Coinbase listing, the POWR crypto was trading at US $0.798435 with a 24-hour trading volume of US $1,784,491,798. It had a live market cap of US $365,991,499 and a circulating supply of 458,385,997 POWR coins.
Market experts are bullish on POWR crypto, seeing the increased emphasis on crypto’s environmental impact. The Coinbase listing has indeed given it a boost and could further strengthen from here on. The experts predict that it would be the right time to pick on the positive rally and invest in a deep impact token. In the next five years, the POWR token is expected to grow by approximately +100%, with its price potential to touch US$200 by 2026.
