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
Today, the crypto market is rebounding against the trend, with macro hedge whales holding long positions in gold and silver and short positions in cryptocurrencies, resulting in a daily loss of $500,000.
According to HyperInsight monitoring, the whale account (starting with 0x7c9) experienced a daily loss of over $500,000, with a net value of approximately $1.88 million, and a position size still reaching $14.07 million. It heavily held long positions in gold and silver, supplemented by short positions in cryptocurrencies, attempting to hedge extreme risks. However, the market trend was opposite to expectations, resulting in losses.
GateNews35m ago
The closure of the Strait of Hormuz can't stop Bitcoin's rebound! BTC, ETH, XRP prices rise across the board today
Despite the closure of the Strait of Hormuz and escalating conflicts between Iran and the United States, the cryptocurrency market has rebounded, with Bitcoin, Ethereum, and Ripple prices rising. Institutional capital flows and optimistic sentiment are driving increased demand, while regulatory expectations and investor risk appetite are recovering, making the market outlook optimistic.
GateNews46m ago
Bitcoin Bottoming Signal? VanEck CEO: Halving Cycle and Geopolitics jointly Drive BTC Rebound
As of March 3rd, the price of Bitcoin is around $68,000, up 2.6% in the past 24 hours, but down 22% year-to-date. VanEck CEO stated that Bitcoin's bottoming is mainly influenced by the four-year halving cycle, with geopolitical factors also driving recent recovery. Despite risks, ETF capital inflows remain strong, and the market should pay attention to the Middle East situation.
GateNews1h ago
XRP Today News: Ripple Prime Connects to NSCC, XRPL May Welcome Institutional Funding Channels
Ripple makes new progress in advancing institutional infrastructure, with XRP becoming a market focus. Hidden Road has officially been listed in the NSCC directory, and Ripple Prime has gained attention, which may facilitate closer integration of XRPL with traditional finance. Although XRP's short-term trend is somewhat weak, institutional integration is seen as a long-term positive signal. If XRPL applications increase in the future, demand could rise.
GateNews1h ago
Pi Network Maps 50M Coins Daily as Mainnet Tops 9B
Pi Network news today shows the migration engine appears to be speeding up again. Community posts claim the Pi Core Team is now mapping about 50 million Pi coins to verified users each day. The update comes as total Pi on Mainnet wallets has moved past the 9 billion mark
Screenshots shared by
Coinfomania1h ago
XRP Would Have Been Security Under New Crypto Bill, Cardano Founder Says - U.Today
Charles Hoskinson criticized Ripple's CEO Brad Garlinghouse for supporting the Clarity Act, claiming it poses risks to cryptocurrency innovation. He argued that the bill categorizes XRP as a security at launch, potentially harming future projects in the industry.
UToday1h ago
