POWER is tanking...

in #powernodes6 months ago

When I first wrote an article about PowerNodes, the price was approximately $3. I was quite afraid after writing the article, seeing that the price just dropped further and one $POWER token could be bought for less than $1 at the worst. But, then something happened and FOMO arrived. First it pumped to $5 and then dropped back to $2. Then it suddenly just left earth and visited $20, before it has been surfing around $14 for the later part of today. That is one crazy ride.

To be honest, I still feel as if this is a very cheap node solution, seeing that the team is really working hard and that they are serious about what they are doing. But, it might be that some people are taking profit, even though I believe it is quite hard to take big profit, because most people who bought in the last week have immediately bought nodes with their tokens, and knowing that the rewards are very low, it will take quite a while before people will actually be able to feed the need, as long as the demand is in place.

-> Learn more about PowerNodes right here: https://www.ipaddressguide.org/what-is-power-nodes-powernodes-io-is-it-safe-is-power-nodes-a-scam-should-i-buy-power/

How long will the price pump?
As long as people are interested in POWER, the price is deemed to go up, knowing that the number of nodes is quite low and the rewards are coming out slowly. So, if there will be enough new buyers coming, I can easily see PowerNodes go to $50 and even higher.

Of course, I cannot guarantee a thing, but PowerNodes has now released RPC endpoints with all their nodes and they have also done a big investment in Fantom tokens (that they now stake towards the THOR validator), and lots of other things seems to be happening. They have also had a KYC of the team, and that is yet another thing that should bring faith and security around the project.

Personally, I am in it for the long run, and I do believe this is going to be rewarding for everyone who decides to be a part of the adventure!

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