[Breaking News] Power Ledger Got Government Grant, Up 50%

Hey friends, we got some breaking news for you, Power Ledger just received 5,68 Million Australian Dollars in a government grant and the token is going nuts.

Just to be clear here, as a free market guy, I dont support any kind of government involvement. A good company should be able to grow organically without any government support.

Having that said, this is obviously very good news for Power Ledger and this can be clearly visible in the price.

Here is the 4 hour chart:

Comment: We can see that Power Ledger is up 50% since yesterday and it has formed a bull flag and I expect it to continue higher in the next 4 hour time frame.

Then the question comes up, how high can it go? Well, in dollar terms it is right now around 0,65 USD per token and I do think 1 USD is next, but it can go higher than that since these price levels are All Time Highs.

Happy trading!

Source:

https://www.coindesk.com/australian-government-grants-8-million-for-blockchain-energy-pilot/