Hacked.com have come out and called Power Ledger "the future of cheap electricity"..
In the same article they reminded me that Power Ledger Co founder and chair Dr Jemma Green is now also the MAYOR of the city of Perth, the capital city of Western Australia (1.67 million population) - just imagine how that is going to play out in building POWRs further partnerships with business and entrenching their federal and local government relationships!
Absolute killer moves going on here!
They go on to talk about the other co-founder "Bill Tai is an advisor and is a graduate of Harvard. He is a very successful entrepreneur and has been a venture capitalist since 1991".
Together they top a dream team that are setting new standards for a cryptocurrency based organisation. But more to the point this is why you are seeing rapid fire moves into massive markets and serious deals with major players and electricity suppliers across multiple global regions. Australia, India and Thailand all contracted. They have their eyes on Africa and no doubt the rest of Asia for starters.
Hacked.com go on to say they expect the Power Ledger market cap to quickly double and the ROI to follow suit. the full story is here:
https://www.hacked.com/power-ledger-powr-future-cheap-electricity/amp/This is amazing.
I think what's also happening now is a lot of traders that made 500%-1000% are still cashing out. The transfer of wealth here is going to more serious and more patient investors that are willing to sit on this not just day/month trade it. The heavy buy walls (also saw a heavy sell wall of 210K powr) that are popping up also shows there are indeed a few whales in here already. That doesn't add anything positive necessarily other than to show some people have invested up to high 6 figures in this.
I think the marketcap is looking very small compared to other vaporware coins with nothing close to the progress Powr has made in a month. If I could only see into Q3 2018.. 5B MC? 10B MC? Or a better question would be = Do you really think this is going to downtrend forever from here vs updtrend heavily? There are 'wants' in life, and there are needs, electricity/energy is a need, for everyone on the planet, so this isn't a creature comfort coin or a fad of the month. TA is almost impossible in crypto however if I were to use it, we're getting tighter and tighter by the hour it seems, breakout soon is imminent, as soon as more news hits, or someone big either dumps or pumps we're going to see the momentum pick up again imo, next run I'll call at $1.20 - $1.50. I'll also guess that we'll reach a low of $.70 - $.75c and maybe a sharp knife added before we see the momentum turn positive.
EDIT: Well what do you know, there's our knife, and volume on bittrex just went from 1.7K to 1.8K and rising, after these dumps the reversal MIGHT be what we've been waiting for. If not we'll see more dumps from those trying to protect their ICO gains..