Power Ledger (POWR) is going to be a huge coin going into 2018 and I want to share my thoughts and knowledge on the project. In its essence, POWR is a blockchain-based peer-to-peer energy trading platform. It allows users to trade their energy surplus through a trust-less network (meaning trust isn't required to prove the validity of transactions, therefore transactions are faster, cheaper, more verifiable, and more inter-operable between different systems/players).
This means that people who use this system can trade their unused energy to their neighbors who may need their surplus energy that they don't plan on using. If you ask me, this could revolutionize third-world countries that have never seen electricity before. On September 29th of 2017, POWR announced a deal with Mahindra, one of the leading providers of digital transformations, consulting, and business re-engineering services, not to mention one of the largest companies in India. In December of 2017, POWR partnered with BCPG to bring peer-to-peer renewable energy trading to Thailand [src]. They plan on developing a microgrid trading between 1 and 2 megawatts of embedded solar generation for 6 to 10 multi-story apartment buildings. Also in December, POWR became a semi-finalist in the Extreme Tech Challenge and the finalists will be announced January 9th in Las Vegas (this could be huge if POWR does make it to the finalist round).
These upcoming events for POWR are in January:
POWR entered the market in November at roughly $0.05 and has risen nearly 1380% in less than 2 months since the token sale.
The long-term potential looks extremely bullish (in my opinion) with great fundamental analysis and an increasing list of partnerships. Rumors existed that Tesla and POWR were in talks together in terms of the battery that Tesla built for Australia but the rumors were never fully substantiated. Their only competition in the peer-to-peer blockchain market is SunContract, which is still relatively small ($30 million market cap) compared to POWR ($654 million market cap).
I'm predicting POWR will reach $2 within the month and I feel with its exponential rise, it could reach all the way to $8 before the end of the year. Which would be a meteoric rise of 340% in a year.
Keep up with POWR on Twitter for more in 2018.
**This is my own personal opinion and this isn't meant to be taken as financial advice.**
