Power Ledger

Power Ledger Grows 10% on Bear Market After Bithumb Listing

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Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Power Ledger (POWR), is one of the top gainers in the market after being listed in Bithumb’s Exchange. The news impacted very positively in people’s perception and now this cryptocurrency is growing even when the whole market is operating negatively.

Power Ledger Listed on Bithumb

The information has been released by Bithumb on Wednesday the 16th, on its Twitter account. The exchange is not only listing Power Ledger but also four other virtual currencies, including TenX (PAY), WAX (WAX), Loopring (LRC) and Gifto (GTO).

Bithumb is the 6th most important virtual currency exchanges in the market according to its trading volume (it handled $766.7 million dollars in the last 24 hours). The most important trading pairs at the exchange are EOS/KRW, BTC/KRW, and XRP/KRW accounting for over 55% of the total trading volume of the exchange.

These are very important news for Power Ledger that has been expanding as a peer-to-peer marketplace for renewable energy. During the first quarter of 2018, the company began the distribution of growth pool and it completed the transition to a modified fee-less Consortium Ethereum network.

In the third quarter, Power Ledger and Platform Application Hosts will begin conducting Asset Germination Events, where POWER token holders will receive priority to become co-owners and beneficiaries of renewable assets.

At the moment of writing this article, Power Ledger is the 94th most important virtual currency in the market and it registered a 10% increase in the last 24 hours. Moreover, each POWR token can be bought for $0.51 dollars, according to CoinMarketCap. Additionally, it has a market capitalization of $190 million dollars.

It is also important to mark that TenX is currently registering a 31% increase compared to 24 hours ago. Gifto has increased 1.8%, Loopring 4%, and Wax 1.57% in the same period of time. These increases are very important because the cryptocurrency market is today operating negatively and most of the virtual currencies are registering important loses.

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