POWER (Power Protocol) increased by 21.32% in the past 24 hours

POWER6,16%

Gate News Bot Update, February 24 — According to CoinMarketCap data, at the time of publication, POWER (Power Protocol) is trading at $0.55, up 21.32% in the past 24 hours. The highest price reached $0.56, while the lowest dipped to $0.30. The 24-hour trading volume is $42.1 million. The current market cap is approximately $115 million, an increase of $20.2 million from yesterday.

Recent key news about POWER:

1️⃣ Revaluation of Energy Infrastructure Drives Industry Attention
As global demand for AI computing power surges, the strategic importance of energy and power infrastructure in the digital economy continues to grow. High-energy-consuming facilities like data centers and mining farms are increasingly in focus, prompting investors to reevaluate energy-related protocol tokens. This provides fundamental support for the valuation rise of energy-related tokens like POWER.

2️⃣ AI Infrastructure Investment Boom Boosts Power Demand Expectations
Major tech companies’ large-scale investments in AI infrastructure are changing energy consumption patterns. The construction of large data centers and expansion of GPU computing power demand stable and sufficient electricity supply. This trend reinforces market recognition of the long-term value of energy infrastructure providers, indirectly boosting investment interest in energy-related tokens.

3️⃣ Long-term Outlook for Machine-to-Machine Payment Ecosystems
In the context of digital economic evolution, energy payments and transactions are moving toward automation and intelligence. Emerging applications like distributed energy trading and peer-to-peer power exchange are opening new growth prospects for energy protocol tokens, attracting market capital.

This message is not investment advice. Please be aware of market volatility risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin and Ethereum ETFs Record Net Outflows While Solana ETFs See Inflows on Feb 24

Gate News bot message, According to Feb 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,262 BTC (approximately $205.37M) and a 7-day net outflow of 7,895 BTC (approximately $497.07M). Ethereum ETFs showed a 1-day net outflow of 25,337 ETH (approximately $46.04M) and a 7-day net outflow of

GateNewsBot1h ago

Terraform Files Lawsuit Against Jane Street Over UST Collapse

The lawsuit against Jane Street Group alleges insider trading and front-running contributed to the collapse of TerraUSD and LUNA, erasing $40 billion in market value. Terraform Labs seeks damages for creditors and hopes to address misconduct in the crypto market.

CryptoFrontNews2h ago

F2Pool Co-founder Wang Chun: ETH rebounded from $1,386 to $4,956 within 4 months, and investors should not be swayed by short-term panic emotions.

F2Pool Co-founder Wang Chun pointed out that the cryptocurrency market is cyclical and warned investors not to panic over short-term fluctuations. He emphasized that Bitcoin's mining mechanism is crucial, with miners playing a central role in network governance and security, and mentioned the key role miners have played in past controversies.

GateNewsBot3h ago

Gate Ventures: Increased volatility in mainstream assets, continuous development of industry infrastructure

Recently, market risk aversion has increased, the US dollar is strong, long-term government bond yields are rising, and gold has hit new highs. Cryptocurrency assets have declined, with significant net outflows from BTC and ETH, and market sentiment is extremely fearful. Traditional derivatives institutions and mining companies are adjusting their strategies, and market funds are becoming more cautious.

GateNewsBot5h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)