POWR price jump

Tokens of Power Ledger ICO, POWR, gained over 60% in last 24 hours; let's figure out why
20 November 2017   1570

The tokens of Power Ledger project showed significant price jump recently. 

Power Ledger Price chart
Power Ledger Price chart

At the moment or press, these are main market parameters of the token:

  • Average price: $0.633807 
  • Marketcap: $221,293,846 
  • 24h volume: $171,230,000

POWR tokens are being traded in pair with BTC, ETH, LTC, USD, DOGE and BNB at five markets:

POWR Markets
POWR Markets

What is Power Ledger?

Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.

A month ago Power Ledger attracted $ 34 million during the ICO. 

Growth cause

It seems that successful ICO is not the only reason of this huge price growth. 

The Australian authorities approved $ 2.57 million for the development of the Power Ledger.

Power Ledger is excited to work with a consortium of innovators and technical experts to grow and develop the platform. We’re excited to break ground on this truly novel project that utilises blockchain technology to orchestrate sustainable assets.
 

Jemma Green 

Co-founder and chairperson, Power Ledger

Another $ 5.68 million will be directed to the development of projects that will be created in partnership with several universities, institutes and IT companies.

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   197

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.