Just lately, crypto analyst and influencer Tyler Swope took a more in-depth at an “undervalued” altcoin that he believes might be a high 10 coin (by market cap) quickly.
In a YouTube video launched final Tuesday (March 16), the host of the “Chico Crypto” YouTube channel, defined why he’s so bullish on Power Internet Chain, which claims to be “the world’s first open-source, enterprise blockchain platform tailor-made to the vitality sector.”
Power Internet Chain was launched in 2019 by Power Internet (EW), which is “a world nonprofit group accelerating a low-carbon, customer-centric electrical energy system by unleashing the potential of open-source, decentralized applied sciences.” EW is concentrated on “constructing core infrastructure and shared expertise, rushing adoption of economic options, and fostering a neighborhood of follow.”
Right here is how EW introduces EW Chain:
“The EW Chain is a public blockchain community open to all utilities, customers, and units. With a digital machine equivalent to public Ethereum, builders can start writing good contracts and dApps with little to no extra studying curve. The enterprise-grade EW Chain boasts excessive scalability, low transaction prices, and lean vitality consumption, because of its permissioned Proof-of-Authority consensus.“
The Power Internet Token (EWT) is the native utility token of EW Chain. EW says that EWT “protects the community towards misbehavior, compensates validators by way of transaction charges and block validation awards, and can be utilized to pay for middleware providers that streamline and improve dApps.”
Again on February 14, when EWT was buying and selling round $13, crypto analyst Austin Arnold, the host of the “Altcoin Every day” YouTube channel, launched a video during which he named 5 cryptoassets with the potential to extend 50x in worth, and a type of was EWT.
The Altcoin Every day host mentioned firms would discover worth in EW Chain as a strategy to “decarbonize” worldwide provide chains, and talked about that a type of firms is German producer ASA Automation.
He then added:
“Who’s ASA Automation? ‘ASA Automation is a number one world automation and robotics producer that provides gear and options multi-national firms together with Walmart, Nestle, Volkswagen, and Pfizer.”
At the moment (as of 19:48 UTC on March 23), EWT is buying and selling round $16.43, has a market of $543.85 million, and is the 119th most dear cryptoasset by market cap.
In line with knowledge by CryptoCompare, within the year-to-date interval, EWT is up 182.54% vs USD.
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.