The amount of social media discussions surrounding Powerledger has increased, causing a rise in value of over 40% this week.
Based on the data gathered by Santiment, Powerledger (POWR) was the second most discussed cryptocurrency on social media in the last 24 hours. Almost 1% of all cryptocurrency-related conversations during this timeframe were about Powerledger. Out of these discussions, 57% had a positive tone, 33% had a negative tone, and the remaining percentage was neutral, but it wasn’t specified what it was.
Presenting xGrid 2.0⚡️
As we close the chapter on an amazing year, we’re thrilled to unveil xGrid 2.0, new version of our blockchain-powered energy trading platform.Stay tuned to learn more#Blockchain #EnergyTrading #ProductUpdate pic.twitter.com/scXptU08ML
— Powerledger (@PowerLedger_io) December 31, 2023
Powerledger’s recent announcement of xGrid 2.0, a new and improved version of its energy exchange network, has garnered a significant amount of attention. The upgrade boasts a minimalist interface, advanced tracking features, and greater flexibility for energy trading. While these enhancements are impressive, they alone do not appear sufficient to explain the sudden surge in interest.
PowerLedger utilizes blockchain technology to enable peer-to-peer energy transactions. The platform establishes a decentralized market where individuals can trade surplus solar, wind, or other renewable energy.
Powerledger is a cutting-edge startup based in Australia that aims to revolutionize the world of energy by reducing costs and democratizing clean energy generation and distribution. This is achieved by removing middlemen from the equation, which in turn leads to a more transparent and efficient system. Thanks to its innovative platform, Powerledger has already made its mark in various pilot projects around the world, from Japan to the United States. However, as an emerging player in the blockchain sector, Powerledger still faces many challenges and uncertainties as it strives to establish itself as a major player in the energy industry.
