Following on with the series where we have covered EOS and Steem, today lets look at the potential prices that Power Ledger could achieve on its current projectory.
For those who don't know who Powerledger is, they were Australia's first ICO raising over $34M during ICO and have also secured part of an $8M funding from the australian government to further trial their micro-grid electricity distribution project. The company has been around for a few years already and comes into this space with a working product already, rather than just a promise of a product.
The company is currently working on trials with Origin Energy and Tata in India. there have also been rumours of a partnership with Tesla.
So looking at the main chart, we can see Powerledger has a current market cap of $279M, leaving plenty of room for it to move into the Billion dollar club.
Powerledger currently holds about 0.05% of the entire Crypto market. As a purely niche functional token I wouldn't expect this to hold a huge percentage of the market compared to business building coins such as Ethereum and Steem. But this coin has some room to improve still as the minnow coins fade away and POWR tokens gain greater use.
Now if we look at the potential growth predictions compared to Bitcoin, and again using 50% of the average Bitcoin growth rate, we can see that by 2021 we are on track to hold valuable coin, but couple this with its destined market share increase we should see this price being 4-6X higher than that if their trials and partnerships deliver everything that is promised.
As always, there's no recommendations here, just some statistical data to assist you in doing you own research.
