While the cryptocurrency market was rising strongly yesterday, the star of the day was Power Ledger, which focuses on decentralized energy distribution and allows you to sell the renewable energy you produce on your own roof by integrating it into the system.
Cryptocoin has increased by 60% in the last 24 hours.
The crypto currency, which rose to 31 cents, increased its total market volume to 120 million dollars with the price increase.
So What Is This Power Ledger
Power Ledger, which is well known to crypto coin readers, functions as a decentralized energy distribution protocol.. The crypto money from Australia, which managed to collect 34 million dollars during the ICO period, enables the energy consumption and production of the users participating in the ecosystem, and enables peer-to-peer energy transfer.. As we have reported in the past months, Power, which started a pilot program with Kansai Electric, one of Japan’s powerful energy companies, and aims to minimize energy loss by enabling peer-to-peer energy transfer, recently announced a new agreement in the USA.. With its new agreement, it will measure the energy consumption of cars in Silicon Valley and monitor their carbon footprint.
Power Ledger is a great chance for the energy sector, which is one of the industries that blockchain will make much more efficient in the coming years.. If it succeeds in its pilots, we can see Power as a much larger company in the future.
Still, instead of buying after the price increase, in the long run, when the coin price corrects, you can at least add Power to your watch list.
Power Price ChartPrice$0.315TL Price1.4423 TRYChange 1 Hour-3.55%Change 24 Hours60.94%Change 7 Days49.90%Market Volume117.515,551.00Trade Volume56,261,200.00Market Rank10924 S High$0.3524 S Low$0.19BTC Price0.000049