Powerledger (POWR) Price Predictions 2024

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Bittime - The recent rise in crypto assets triggered a rise in the price of other cryptos including POWR, Powerledger's utility token. At the time of writing, the price of POWR is trading at the level of Rp5,889 per token according to CoinMarketCap data. Then what is the POWR price prediction?

Before discussing POWR price predictions, it's good to know briefly what Powerledger is and POWR tokens first as will be explained below.

What is Powerledger (POWR)?

Powerledger is a blockchain platform that enables decentralized energy trading. The platform allows consumers and businesses to buy and sell energy directly with each other, without the need for an intermediary. Powerledger uses POWR tokens to facilitate energy trading and to incentivize users to participate in the network.

What is POWR Token?

The POWR token is a utility token used on the Powerledger platform. POWR tokens are used to:

• Buy and sell energy on the Powerledger platform
• Incentivize users to participate in the Powerledger network
• Pay transaction fees on the Powerledger platform

POWR Price Today

The POWR price today (February 27, 2024) is $0.352287. Powerledger's current market cap is $181.5 million. Based on data monitoring from Bittime, POWR is trading at the level of Rp5,548. POWR price has increased 1.35% in the last 24 hours.

Source: Bittime

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Prediksi Harga POWR

Harga POWR dipengaruhi oleh banyak faktor, seperti:

• Adopsi platform Powerledger: Semakin banyak orang yang menggunakan platform Powerledger, semakin tinggi permintaan untuk token POWR, dan karenanya, semakin tinggi harganya.
• Harga energi: Harga energi tradisional dapat memengaruhi permintaan untuk energi terdesentralisasi, dan karenanya, memengaruhi harga token POWR.
• Peraturan: Peraturan pemerintah dapat berdampak signifikan pada harga token POWR.

Here are some POWR price predictions from various sources:

• LongForecast: Predicts the price of POWR will reach $0.3717 (IDR 5,818.55) by the end of 2024.
• DigitalCoinPrice: Estimates that the price of POWR will reach $0,347.67 (IDR 5,440.77) by the end of 2024.
• PricePrediction.net: Predicts the price of POWR will reach $0,462.34 (IDR 7,236.22) by the end of 2024.

It is important to note that these predictions are only forecasts and there is no guarantee that the POWR price will reach this level. Investors should do their own research before investing in POWR.

Powerledger has been adopted by organizations around the world, including governments, energy companies, and consumers. Some examples of Powerledger projects are:

• The Western Australian government, which uses Powerledger to track and trade renewable energy.
• Origin Energy, one of Australia's largest energy companies, is using Powerledger to improve the efficiency of its energy grid.
• Thousands of consumers around the world, who use Powerledger to buy and sell energy directly.

Powerledger was founded in 2016 by Dr. Jemma Green and John Bulich, who have backgrounds in finance, blockchain, and energy. Powerledger has earned global accolades and recognition, including winning Sir Richard Branson's Extreme Tech Challenge in 2018.

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Also Read:

What is Powerledger (POWR)? Get to Know the Future of Renewable Energy with This Blockchain

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.