WePower (WPR) is in the spotlight this week for bridging green energy and blockchain technology. WPR looks like a solid contender to outperform Bitcoin returns in December.
Niche Cryptocurrencies
Every week provides new opportunities to find undervalued cryptocurrencies. These cryptocurrencies can produce returns far in excess of BTC. As BTC looks to recover from recent slumps many altcoins should trend with it. This week is no different as WePower (WPR) stands out for numerous reasons.
Cryptocurrencies that solve an issue plaguing society by integrating the blockchain are the most successful. BTC 00 has been the dominant digital currency but many others have emerged that do specific things. These ‘niche’ cryptocurrencies have a tendency to provide the highest returns.
Think Ethereum (ETH) going back a few years. ETH 00 was one of the original ICO platforms, which filled the niche of launching blockchain cryptocurrencies and projects. The presale ICO price was $0.30. That means every $30 ETH goes up from $0.30, the presale purchasers make 100x. At a price of $300, the ICO purchasers made 1000x. For every dollar invested they made $1000. Returns like this should not be anticipated. However, returns far in excess of BTC’s are more simple to attain if focusing on niche markets.
Previously cryptocurrencies like GoChain were highlighted and subsequently returned in excess of 200%. Many other niche cryptocurrencies were highlighted in the weeks prior and will be analyzed in weeks to come.
One thing became increasingly clear, niche cryptocurrencies, on large exchanges, with depressed market caps have a tendency to pump strongly against BTC.
This points to one specific cryptocurrency this week: WePower (WPR).
What is WePower?
What is WePower? WePower (WPR) 00 is a blockchain based green energy trading platform. WPR fuels renewable energy production by enabling developers to raise capital by selling their production up front in the form of tradeable Smart Energy Contracts.
WPR is one of the few cryptocurrencies that enables corporate energy buyers to contract energy directly from green energy producers at below-market rates. What is most impressive is their next generation trading platform. Eventually, this platform will allow P2P (person to person) instead of just B2B (business to business) transactions.
To access the WePower platform, the native token WPR must be used. WePower created a niche market for the transmission of green energy and to interact with the platform the WPR token must be used. This creates actual utility for the WPR token. WePower has the platform, the utility, the niche, a market, and the necessity the world faces to counteract raising global temperatures.
Many complain that blockchain technologies are destroying our environment. Recent estimates predict more than 1% of global electricity is going toward ‘mining’ digital currencies. However, WPR is the blockchain niche that is different. They are facilitating the trading of green energy in a transparent manner.
Quarter 3 & Quarter 4
Quarter three saw WPR conduct a countrywide energy tokenization test across Estonia, successfully. The WePower platform also underwent significant testing in July and can now be interacted with online.
Quarter four is more exciting with WePower becoming operational in Spain, Estonia and Australia resulting in WPR soaring to above 700 Satoshis. BTC almost immediately fell and WPR corrected with it. The most important quarter four event and news is yet to come, which is specifically why WPR is in the spotlight this week.
WPR plans to distribute donated green energy amongst their token holders in December. For those interested in WPR the timing to accumulate would be prior to this event as it comes with ‘free’ green energy. WePower wants to demonstrate their platforms functionality and utility.
What better way is there than donating energy to token holders to demonstrate the actual utility of the WPR?
WePower’s team is composed of over 60 individuals and they are currently concentrating their business in Australia. Even as this bear market has stifled progress in the space, making financing increasingly difficult to come by, WPR has been hiring and building. Out of thousands of cryptocurrencies that let their projects become obsolete in prior months, WPR has done the opposite.
In the last two months, WPR has added a Chief Information Security Officer, Michael John, the former Director of Operations at the European Network for Cyber Security. The engineering team in Tallinn added Head of Products along with engineers from the top energy projects in Europe. Beyond engineers and security officers, WPR also added data scientists and advisors to guarantee they are prepared with their platform.
While most projects have remained stagnant through this bear market WPR has positioned themselves for success in December and quarter one of 2019. With WPR peaking above 700 Satoshis following operations beginning in Spain, Estonia and Australia this number should be well within reach as the date of energy distribution approaches.
WPR is one of the niche cryptocurrencies that if they can continue to meet their roadmap deadlines should see their minuscule market cap trend upward. With a target of 700 Satoshis by the end of December WPR could be in line for over a 50% climb in the short term.
Conclusion – WePower the Future
When all the attention is focused on one aspect of cryptocurrency, divert yours to another. This week Floyd Mayweather and DJ Khaled made headlines for their promotion of ICOs. Individuals fascinated with cryptocurrencies have been puzzled with BTC’s retraction to under $4,000. This is the ‘news’ that is meant to distract.
The next few months have major events including almost every major U.S. exchange getting involved in the trading of Bitcoin and cryptocurrencies. Now is the time to DYOR (do your own research) and find the needle in a haystack cryptocurrency.
The needle in a haystack found this week was WPR. One of the few cryptocurrencies poised for success with a functioning platform, impressive team, continuous expansion, and an actual niche market.
There are plenty of sh*tcoins and scams in crypto. Instead of spreading animosity in the space it is better to focus on strong products with teams that represent leadership in the blockchain industry.
WPR demonstrates leadership in both blockchain and green energy.
To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of ANON and actively trades cryptocurrencies.
[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice.]
Images courtesy of Shutterstock, Bitcoinist archives
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