Over the next two months, Power Ledger is about to roll out a proof of concept in Fremantle, Western Australia. It’s the first step in turning Fremantle into a ‘smart city.’ And blockchain is key to this ambition.
Bitcoin’s incredible gains are attracting more investors, which is pushing demand. This has sparked the interest of Wall Street. If institutional money starts entering this space, it could drive the crypto to even greater heights.
Blockchain powered company Power Ledger (POWR) has had a remarkable weekend, rising 116%. There was no one reason for this, but a combination of factors is working in their favour.
With regulations in place, there will be one less barrier for billions of dollars to flood into the crypto market
Over the weekend we saw more bullish moves with a sharp rise from US$28 to a high of US$41.77. So, what’s going on with neo?
Ripple is also backed by Google. And as the company continues to expand its uses, the value of the coins will continue to climb.
According to Bloomberg, ‘Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009.’
Bitcoin may have paved the way, but the blockchain technology it’s founded upon is free for anyone to use. Blockchain technology is here to stay.
The digital coin jumped 35% in the last five days after dropping more than 21% in the four days prior to that. Bitcoin now sits close to US$8,000, up 694.9% for the year.
At time of writing, one bitcoin is now worth more than AU$10,500, and it represents a new all-time high, following a massive 43% rally in just five days!