The Highlighted Coin of the Day!
FOMO Coin of the Day is where I look at coins in or near the Top 100 in market capitalization that have show an interesting amount of increase in price. This increase can be due to many things, including manipulative pumps. I will give my opinion on the coin, but do your own research if you plan on investing in any cryptocurrency.The cryptomarket is a real mix today. The Top 10 started out all in the red, but have turned green as of late. Other coins have grabbed a hold of double digit gains, including Steem(STEEM) , which is up 11% on a multiple day gain. Alt-Coins gaining might be hedging against BitCoin due to rumors, but that's okay with me.
Power Ledger (POWR) is up 20% today, which is huge, compared to the rest. They did get a mention in Newsweek, nominated for the first ever BlockChain Impact Awards. I'm not sure anyone reads Newsweek anymore, but there were also other articles about Power Ledger, so it has received some publicity over the past few days.
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Power Ledger (POWR)
Energy, reimagined.
Imagine a world where electricity is dependable, affordable and clean, for everyone.
Power Ledger is trying to decentralize energy. Some how, they plan to escape from the current structure and use the blockchain to allow people to purchase and sell their energy without having to worry about the electric company.
Find out how Power Ledger can help you access cleaner, cheaper and more reliable electricity through our software solutions, including peer-to-peer trading (xGrid), microgrid trading (μGrid), carbon product trading (C6 and C6+), electric vehicle settlement (Power Port), Asset Germination and virtual power plants (VPP 2.0).
Of the three products, I think maybe the Power Port is the most reasonable. Setting up a station to create electricity for people to charge cars or other portable items off, does seem doable. Creating a micogrid also seems possible, but probably not in the U.S. or other heavily regulated areas. Before government got involved or things consolidated, the electrical grid was a mess. By allowing peer-to-peer or micogrid to consumer access, lines would have to be dropped again or some deal with the electrical company would have to be made. So, unless we come up with wireless electricity, like Tesla envisioned, I am guessing things will look like this again.
This plan may work in small areas, I'm not sure how it would work over larger areas. It definitely is disruptive to the current method and may or may not save us from a Carrington Event EMP.
May the FOMO Forever Be in Your Favor
Let the positive energy sing!
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