ok quick recap of why Power Ledger is doing so well IMO.
1. Its more than 10x its ICO value (Life-changing for some of those those who bought in then) and still growing super strongly week on week.
2. How many other Crypto's have: - full open backing/multi-million dollar grants of a first world national government (Hello from Australia!)
- 2 universities on the team
- CSIRO as partners (Commonwealth Scientific and Industrial Research Organization of Australia - you know.. where wifi was invented) as well as the Federal Aust' Governments Digital Transformation Department. . - Used blockchain to essentially create a digital emmissions trading scheme.
- created a data ledger to track household energy consumption allowing neighbours to trade excess energy or shortages with each other and in the process creating much cheaper power systems (Hello India, China Africa!)
3. The fact that its based on Renewable Energy and you can invest at any level makes it attractive for all Renewable lovers & those who are keen to stop climate change wrecking the planet (lets go and Solar + Battery power India & shut down some coal-fired power plants for the planet yeah?)
4. Large whales were blocked from bulk buying at the Initial Coin Offering level - so this is a grassroots one for the people & smaller investors in general hence why you're not seeing big fake pump n dump vertical lines on the charts.
5. Big First Mover advantage - they are way out in front of anyone else with their already developed & tested / operating microgrid solar +battery tech + they are locking down big markets in their first month after ICO (India, Australia, Thailand)
6. POWR has just inked a deal with Origin Energy Australia that supplies 4.1 million customers with electricity & gas in THE MOST EXPENSIVE electricity market in the world** (YEP its 2 to 3x more $$$ for electricity in Australia than in the USA) so just use your imagination as to how keen ppl will be to get on board the AIRBNB of Electricity and start saving some serious money.
**
http://www.afr.com/news/australian-households-pay-highest-power-prices-in-world-20170804-gxp58aTHINK about this - If other federal governments see this Independent but Australian Govt backed currency take off, revolutionize energy trading & take it out of the hands of a few ultra wealthy companies and put it in the hands of the people across Australia, India, Thailand & whatever counties they sign up next - like Airbnb did for vacations & uber for rideshares - and be hugely successful, this could open doors to other governments starting to want to compete by backing the R&D of cryptos in their own nations and then open up the floodgates for Crypto to become more mainstream & widely accepted & used across society.
It could also help lift a truckload of people out of poverty in third world nations - its much easier to start a business if you can get power...
I've traded in about 75% of my other coins (keeping 25% for safety as I can see the potential of this stock continuing to grow for at least a few months faster than the rest of the sector and looking to hold for at least 1-2 years I reckon)
Q for the old hands.. has there been another coin to zoom from the market cap ranking no. 970s go inside the top 30 inside 3 weeks before?
