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Powerledger

POWR

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Powerledger

POWR is an Ethereum token that powers the Powerledger platform, which aims to enable peer-to-peer energy trading. POWR is required to participate in Powerledger and helps secure its various products, including energy trading, clean energy tracking, and verification.

Powerledger (POWR) is a technology company that develops software for decentralized energy markets. The company has created a blockchain-based platform that facilitates the tracking and trading of energy. Powerledger's mission is to provide a platform for a modern, market-driven grid that aims to offer consumers a choice in their energy sources. The platform operates on two blockchain layers and uses two tokens, the Powerledger (POWR) and Sparkz tokens. The POWR token is an ERC-20 token that serves as a license for businesses to access Powerledger’s platform.

Powerledger operates on the public Ethereum blockchain and a private consortium blockchain known as EcoChain™. The POWR token, an ERC-20 token, acts as a license required for businesses to access Powerledger’s platform. Powerledger's platform is modular and scalable, with products divided into key pillars: energy trading and traceability. These products can be contracted separately and scaled as needed. Powerledger's technology enables renewable energy asset owners to decide who they want to sell their energy to and at what price, potentially providing a revenue stream.

Powerledger's platform has a wide range of potential use cases. It can be used to manage grid stability, manage a 24/7 renewable energy portfolio, facilitate peer-to-peer energy trading, and develop sustainable residential and commercial developments. Powerledger's technology can also be used to facilitate the trading of environmental commodities such as renewable energy certificates and carbon credits, aiming to make these processes clearer and more streamlined. Furthermore, Powerledger's platform can be used to track the provenance and flow of energy, giving consumers choice over the energy they're using.

Powerledger was co-founded by Dr. Jemma Green and John Bulich in 2016. Dr. Green, who serves as the executive chairman of Powerledger, completed a doctorate at Curtin University in electricity market disruption, which led to the founding of Powerledger. John Bulich, the technical director at Powerledger, was previously a co-founder and director of Ledger Assets and a director at WA Property Investments. Powerledger is based in Australia and has a diverse client base across multiple countries.

Market

United Kingdom Market Stats

Market cap

£128.7M

Volume (24h)

£172.4M

Circulating supply

512.4M POWR

Typical hold time

22 days

Popularity

#327

All time high

£1.61

Price change (1h)

-2.42%

Price change (24h)

+5.8%

Price change (7d)

+1.27%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about Powerledger

BeInCrypto • Apr 27, 24

Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS)

Vitalik Buterin said the PoS transition was necessary to align with the network's long term goal and also address energy consumption concerns.The post Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS) appeared first on BeInCrypto.

Read more

News Article Image

The Defiant • Apr 27, 24

Our Most Read Stories This Week: Telegram & Stripe Payments; $12M CryptoPunk; Consensys vs. SEC; Renzo Depeg

The Defiant's most read stories for the week of April 22.

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BeInCrypto • Apr 27, 24

Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights

This move reflects Oklahoma's commitment to protecting its residents' Bitcoin ownership rights amid ongoing regulatory challenges facing the cryptocurrency industry nationwide.The post Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights appeared first on BeInCrypto.

Read more

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BeInCrypto • Apr 27, 24

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries.The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto.

Read more

News Article Image

Decrypt • Apr 27, 24

This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again

Bonk, Pepe, and Floki are among the biggest gainers of the past seven days.

Read more

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BeInCrypto • Apr 27, 24

5 Altcoins You Should Keep an Eye on in May

These crypto assets have been overlooked in the past few weeks but the coming month could change things up.The post 5 Altcoins You Should Keep an Eye on in May appeared first on BeInCrypto.

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Social

Some highlights about Powerledger on social media

328 unique individuals are talking about Powerledger and it is ranked #703 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Powerledger has an average sentiment score of 3.3 out of 5. Finally, Powerledger is becoming more newsworthy, with 0 news articles published about Powerledger. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Powerledger. There were 48.89% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Powerledger. 51.11% of tweets were neutral about Powerledger. These sentiments are based on 45 tweets.

On Reddit, Powerledger was mentioned in 92 Reddit posts and there were 200 comments about Powerledger. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

328 people

Volume rank

#703

Average Sentiment

3.3 out of 5

Twitter

Reddit

Posts

92

Comments

200

Post Score

3,991

Comment Score

4,270

Powerledger is on the rise this week.

The price of Powerledger has decreased by 2.42% in the last hour and increased by 5.80% in the past 24 hours. Powerledger’s price has also risen by 1.27% in the past week. The current price is £0.25 per POWR with a 24-hour trading volume of £172.39M. Currently, Powerledger is valued at 84.42% below its all time high of £1.61. This all-time high was the highest price paid for Powerledger since its launch.

The current circulating supply of Powerledger is 512,375,110.2 POWR which means that Powerledger has as total market cap of 512,375,110.2.

FAQ

What is the current price of Powerledger?

We update our Powerledger to GBP currency in real-time. Get the live price of Powerledger on Coinbase.

What is the market cap of Powerledger?

The current market cap of Powerledger is £128.69M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Powerledger?

The all-time high of Powerledger is £1.61. This all-time high is highest price paid for Powerledger since it was launched.

What is the 24 hour trading volume of Powerledger?

Over the last 24 hours, the trading volume of Powerledger is £172.39M.

How many Powerledger are there?

The current circulating supply of Powerledger is 512 million.

What is the typical holding time of Powerledger?

The median time that Coinbase customers hold Powerledger before selling it or sending it to another account or address is 22 days.

What is the relative popularity of Powerledger?

Powerledger ranks 144 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Powerledger?

Currently, 82% of Coinbase users are buying Powerledger. In other words, 82% of Coinbase customers have increased their net position in Powerledger over the past 24 hours through trading.

Can I buy Powerledger on Coinbase?

Yes, Powerledger is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Powerledger guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024