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WePower (WPR)

Market Cap

$10,831,995 USD

Volume (24h)

$435,635 USD

4.2
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    WePower Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    WePower Volume Ratio Rank: 4/100

  • Market Cap

    The total cost of all coins available.

    WePower Market Cap Rank: 85/100

  • 24h Change

    Is the price moving up or down?

    WePower 24h Change Rank: 58/100

  • Social Following

    How many users are following this coin?

    WePower Social Following Rank: 86/100

  • Google Trends

    How many users are searching for the coin?

    WePower Google Trends Rank: 20/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    WePower Twitter Citation Rank: 50/100

  • User Voting

    How popular is this coin among Cointobuy community?

    WePower User Voting Rank: 90/100

WePower investment analysis

WePower is a blockchain based energy trading platform. Users of this platform will be able to buy and sell energy using it, to eliminate middlemen, make better use of generated power, and to achieve better rates for everyone involved.

Unlike other energy platforms, this project also allows users to utilize hydro and wind energy in addition to solar power. This makes them the only option for some power plants, as all of the competing projects seem to be focusing exclusively on solar energy production.

Investors can also benefit from the WPR blockchain by investing in various power plant's production levels. All of this is powered by smart contracts in a trustless system. This energy now becomes an asset which can be bought or sold by those who are interested in putting their money into the sector.

If you're thinking about making a WePower investment, you should be aware that there are a few other competing projects in this area, but WPR holds their own by offering their own unique set of benefits to potential investors. This asset also has a fairly low supply, and it is sitting at a very attractive entry price point.

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current price
$0.02288
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

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Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

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Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

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by Safety
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by Profit
historical data

How to buy WePower?

Fortunately for investors, there's a wide variety of exchanges where you can buy WePower. This asset also has a nice trading volume available, making it easy to execute a fast trade in several different pairings. Investors can freely utilize Bitcoin, Ethereum, the US Dollar Tether and even the Indian Rupiah to execute a trade. The price for this asset can vary a good deal between each exchange or pairing though, so investors should double check to make sure they are paying the fair market price here.

This is an ERC20 token, and that means that you'll need a compatible Ethereum wallet in order to store your assets safely. There's a ton of great options here, and you can't really go wrong as long as you pick a reputable wallet. If you need a suggestion, however, then you could try Meta Mask's plugin for browsers. Or possibly Coinomi or Jaxx if you'd prefer a mobile wallet option. For those looking to make a substantial investment, it's also possible to use a hardware wallet such as Ledger or Trezor for this purpose as well. In any case, always keep a backup of your wallet seed in a safe place in case you need to restore your device.

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Is it safe to invest in WPR now?

The WePower analysis looks good on most fronts except for their google trends data. This section of the evaluation screen indicates how many people are actively searching for a particular asset in Google, and the numbers for WPR are rather low. They could stand to be performing much better here, and this is an indicator that the project is in need of a good push by their marketing team.

However, being able to identify gems before that big marketing push is one of the skills investors need, and if you think that this project could become a big deal then you'd likely want to enter before this happens anyway. The problem is that it can sometimes be hard to tell whether a company has the required marketing push to succeed, and in some cases, they may never actually make it that far.

If you invest in WPR, then you should know there are some other energy competitors in this space. One of the biggest is Power Ledger, this company has already begun implementing its solutions on a regional level in their home country of Australia.

They do have a sizeable European partner, but it looks like Power Ledger is farther ahead, and that could hurt in the long run. While they also provide infrastructure for hydro and wind energy, these generation methods are not quite as big as the solar panel market, and it's questionable whether those will help to make up a large amount of their users or not.

In closing, while WPR does offer some additional benefits to large power infrastructures, the niche may be populated by other projects that have better branding and cater to a more consumer-focused demographic rather than a corporate one.

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