Whether you’re just taking your first steps in cryptocurrency trading or a seasoned expert, you’re surely looking around for new investment opportunities. If so, you’re already aware of the fact that there are thousands of different cryptocurrencies out there, and that many of them are worth mere pennies. There are even tokens that cost well under 0.01 USD. If you’re looking at cheap cryptocurrencies, then you’ve probably come across the Power Ledger token (POWR) and are wondering whether it’s a good investment option. Read on for a Power Ledger price prediction for 2020, 2022 & 2025. It just might help you decide if it’s worth investing in.
Power Ledger Historical Price Analysis
Power Ledger is an Australian blockchain-based company that seeks to make access to energy more democratic, affordable, and efficient for all. The Power Ledger token’s Initial Coin Offering (ICO) took place in late 2017 and became the largest crowdfunding project in Australian history. According to data from cmc.io, POWR’s price during the ICO was 0.09 USD and the coin reached its all-time high on January 7th, 2018, peaking at 1.89 USD. The all-time-low was 0.0318 USD, on March 13th, 2020.
Current Price, Market Cap, & Supply Details
As of writing this article, there are 429,712,892 Power Ledger tokens in circulation (43% of the total 1 billion tokens). 1 POWR costs 0.066 USD with a 24-hour trading volume of about 1.2 million USD and a Market Cap of just under 26.5 million USD.
Power Ledger (POWR) Future Price Forecast Predictions
Of course, no one can really predict the future and, unless you happen to be running around space and time in a blue box, you can’t really know just how much any token will be worth tomorrow, let alone five years from now. But there are prediction algorithms. Trading experts have created very specialized software that analyzes market trends for both each particular token and for the whole cryptocurrency market to predict future prices. And we can take a look at their Power Ledger price predictions, both short- and long-term.
*This price prediction is based on the data collected from various sources meant strictly for educational purposes only and shot not be taken as investment advice. Users should do their own research before investing.
Power Ledger Price Prediction 2020
The cryptocurrency market as a whole had a rough year in 2019 but shows signs of improvement in early 2020 despite the global COVID-19 pandemic. But price prediction algorithms show that 1 POWR could be worth around 0.106 USD at the end of the year. That would mean an increase of about 60%.
Power Ledger Price Prediction 2022
The algorithms estimate that Power Ledger will see almost a 125% increase in price to about 0.15 USD/POWR by the end of 2022.
Power Ledger Price Prediction 2025
According to the price prediction algorithm, 1 POWR will be worth around 0.59 USD by the end of 2025; an almost eight-fold increase from its current price.
Is Power Ledger a Good Investment?
The success of the Power Ledger depends on how successful the company’s democratic, affordable, efficient energy program. And so far, they seem to be thriving, with 23 different projects in eight countries. That, plus the price prediction algorithms, seem to point to Power Ledger is a good investment in the long term.
How to Buy Power Ledger?
Alternative Way to Buy
If you’re interested in getting your hands on some Power Ledger tokens, the first question you have to ask yourself is where you can buy them. Sites like cmc.io and coincodex.com can tell you which exchanges list the POWR token, and which trading pairs are available. A quick scan tells us two important things: first, there is no fiat/POWR trading pair anywhere, so you’ll have to use crypto to buy your tokens. Second, the largest exchange in POWR trading volume is Binance, where you can buy Power Ledger with Bitcoin, Ether, or Binance tokens.
Let’s assume you’re going to use Binance to buy POWR with ETH. First, log in to your Binance account and, if your ETH is in a personal wallet (as it well should be) then you have to transfer Ether from your personal wallet to your Binance wallet. Once your tokens are there, click on “Markets” in the top ribbon.
On this page, click on the ALTS Markets tab and type POWR in the search box on the right. You should see the POWR/ETH trading pair. Click on it.
This will take you to the proper market page where you can type in how much ETH you want to spend and finally click the BUY POWR button at the bottom. That’s it! Your Power Ledger Tokens should be in your wallet in a few minutes.
More Information About Power Ledger
Like we said before, Power Ledger is the cryptocurrency behind the Power Ledger energy project. Some of you might not know that Australia is one of the countries where energy is more expensive, so it was the natural birthplace of a project like this. The Power Ledger project lets you install solar panels in your home or office and then sell your excess energy to other users, store energy in batteries for selling later, or even sell energy back to your energy retailer.
Of course, this can involve a lot of permits and regulations that can vary from state to state or country to country, but interest in this project is certainly picking up. For more details on what they are accomplishing, feel free to visit their website at powerledger.io.
Power Ledger’s team consists of:
- Dr. Jemma Green (Executive Chairman and Co-Founder), who worked for London’s JP Morgan before getting a Ph.D. in electricity market disruption and was Deputy Lord Mayor of Perth. She co-founded Power Ledger in 2016 and received the 2018 EY Fintech Entrepreneur of the Year Award.
- John Bulick (Technical Director and Co-Founder), a pioneer in Australian blockchain development, who has already developed blockchain-based technologies for managing photos, videos, documents, and medical records.
Vinod Tiwari (Head of Business Development and Sales), a Bachelor of Electrical and Electronics Engineering and former technical sales manager for General Electric India.
- Caren McLaren (Sales & Business Development Executive), with a 17-year experience working in Western Australia’s Energy Industry.
Anya Nova (Crypto Economist & Business Development Manager), an enthusiastic crypto economist, director of Blockchain Australia, and recipient of the 2019 Australian Blockchain Leader of the Year Award.
- Dr. Bill Tai (Global Ambassador & Advisor), a venture capitalist since the early 1990s, he has been on the board of directors of seven publicly listed companies that he helped grow from startups. He’s a Professor of Innovation at Curtin University.
- Prof. Peter Droege (Europe Ambassador), director of the Liechtenstein Institute for Strategic Development, is a world-renowned expert on urban sustainability and advanced urban policy and design.
The Power Ledger team won Richard Branson’s international Extreme Tech Challenge in 2018.
Power Ledger Price Prediction: Conclusion
Power Ledger is one of those cryptocurrencies that are linked to a major project that can really change the world. If there is one thing that everybody needs to live a modern lifestyle, that would be energy. Without it, I could never have written this article, and you wouldn’t be able to read it. Many people, especially in developed nations, aren’t fully aware of just how valuable energy is (except, maybe, when the time comes to pay the monthly electricity bill).
Still, energy prices can vary wildly from one place to another, even within the same country. The distribution of electricity involves a complex network of energy producers (using fossil fuels, hydropower, geothermal nuclear, etc.), energy retailers (your local power company), and end-users. Power Ledger would allow a more even, efficient, and affordable system that would benefit all. Of course, this will depend on local regulations and permits, especially if the Power Ledger grid has to be connected to the main grid. But many governments are listening and are opening up their minds to this technology.
The future looks bright for the project, and that makes the token’s value as a long-term investment look very good. Of course, some say POWR will be absolutely worthless in less than a year, and others that predict a price of almost 2 USD by late 2025. We have taken more conservative algorithms and give a Power Ledger price prediction of 0.106 USD by late 2020, 0.15 by 2022, and 0.059 by 2050. The projections look good, so you might just want to jump on board and get some POWR tokens today. Happy trading!