Power Ledger’s AGE token- Renewable Energy Investing RevolutionYesterday, Power Ledger has introduced Asset Germination Events via Twitter: twitter.com
Asset Germination Events is a Power Ledger’s token (AGE), which aims to offer a way for anyone to invest in renewable energy generation. Currently, someone with less than USD 2,500,000 can’t get his own wind farm or a solar farm. This makes an average, or in other words retail investor, unable to participate in high-value assets investment.
But what are the benefits for the POWR token holders?
According to the Power Ledger’s announcement, POWR token will be a priority access mechanism for AGEs, while offering a discount during AGEs. Additionally, Power Ledger should be using the management fees for administering an asset portfolio, to fund POWR buyback and burn program.
While the energy market is always of high demand, POWR token holders in the future might enjoy the benefit of participating in the alternative energy investment, previously unavailable to the average person.
Power Ledger is planning to pursue this goal while being fully regulated in Australia. It is not a short or an easy task, but if they will manage to succeed in Australia, perhaps they can do the same worldwide.
It's time to look at the market reaction after such an ambitions announcement…
POWR bottomed out on the September 12, along with most alt coins. Price has reached $0.12 low, and on the September 22 reached $0.22 high, resulting in a 85% growth. Although it failed to break above the descending channel and also rejected the 23.6% Fibonacci retracement level at $0.2. Up until now, POWR/USD continues to trade below the resistance. Today its trading at the 200 Moving Average, that clearly representing the support. Since yesterdays’ announcement, no drastic actions were taken by investors. Such a calm reaction is not necessary a bad thing, since the MA support is being respected. If POWR manages to stay above and break the $0.2 resistance, further price increase can be expected. Next resistance level is seen at 50% Fibs, that is $0.28. If broken, price should rise further, towards the 78.6% Fibs at $0.37 area.
In any case, while POWR remains below the resistance, trend is considered to be bearish. Break below the Moving Average might lead to the price drop towards the $0.16, $0.14 or even the new lower low at $0.09.
Certainly an interesting time for the Power Ledger…
