Gate News Bot Update, February 27 — According to CoinMarketCap data, at press time, POWER (Power Protocol) is trading at $1.88, up 70.03% in the past 24 hours. The highest price reached $2.56, while the lowest dropped to $0.35. 24-hour trading volume is $59.5 million. The current market cap is approximately $395 million, an increase of $163 million from yesterday.
Recent Key News on POWER:
1️⃣ Institutional Capital Continues to Pour In, Boost Market Momentum
Bitkraft, a well-known crypto investment firm, injected $3 million into Power Protocol, demonstrating traditional venture capital’s recognition of the project. The influx of institutional capital often drives risk appetite higher, encouraging retail investors to follow suit, which is a major support for this rally. Public disclosures of funding scale and investor backgrounds typically trigger market FOMO.
2️⃣ AI Infrastructure Narrative Drives Valuation Reassessment
Power Protocol’s central role in Bitcoin mining and AI computing infrastructure has attracted market attention. Analysts like Bernstein have pointed out that Bitcoin miners and AI infrastructure operators are key players competing for electricity resources. As a representative of energy-enabled protocols, Power Protocol benefits directly from the surge in electricity demand driven by AI computing expansion. This long-term narrative’s market pricing has contributed to the rapid rise.
3️⃣ Strategic Value Under Energy Cost Pressures
Bitcoin miners face rising electricity costs during winter, increasing the urgency to optimize energy sourcing and cost management. Power Protocol offers solutions through its protocol mechanisms for energy-intensive industries, making it scarce during the expansion of mining and cloud infrastructure. Under energy cost constraints, the demand for protocol-based solutions increases, boosting the asset’s functional premium.
This message is not investment advice. Please be aware of market volatility risks.
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
Korean inspection theft: 320 Bitcoins "found and recovered," quickly cashed out for $21.5 million to pay the national treasury
Gwangju District Prosecutors Office in South Korea recently sold 320.8 Bitcoin seized, cashing out 31.6 billion Korean Won. This batch of Bitcoin originally came from investigations into illegal gambling platforms from 2018 to 2021. Although there was an incident where Bitcoin was stolen by hackers due to a public official's mistake, the hackers later returned the Bitcoin. Authorities have conducted investigations and also discovered other cases of seized Bitcoin going missing.
区块客4m ago
Tether mints an additional 50 million USDT on the Plasma chain
Gate News Report, March 10th, according to Whale Alert monitoring, Tether issued an additional 50,000,000 USDT on the Plasma blockchain, worth approximately $50.01 million at current prices.
GateNews15m ago
Japanese PM Sanae Takaichi Under Scrutiny, Crypto Supportive Admin in Trouble?
Japanese PM Sanae Takaichi faces scrutiny over alleged pressure on the central bank regarding monetary policy, coinciding with her pro-crypto stance. Her policies have aimed to support the crypto industry amid ongoing geopolitical tensions impacting market behavior.
TheNewsCrypto2h ago
Capital B Vice CEO: The most important assets in the next 10 years will be BTC, gold, and MicroStrategy
Gate News Announcement, March 10 — Capital B Vice CEO Alexandre Laizet posted on the X platform stating that MicroStrategy's perpetual preferred stock product Stretch (STRC) is a Bitcoin accumulation tool. He mentioned that over the next 10 years, the most important assets in the world will be BTC, gold, and
GateNews2h ago
Ripple Payments Unifies Fiat and Crypto for Global Transfers
Ripple payments network has processed over $100B using 51 real-time payment rails across more than 60 markets.
The platform integrates fiat, stablecoins, and digital assets, letting companies collect, convert, and send funds globally.
RLUSD surpassed $1B market cap while supporting
CryptoFrontNews4h ago
