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Poa Coin (POA): Should you Invest?

Poa Network coin (POA) is a relatively less known crypto coin with huge upside potential. In terms of market cap, it is currently the 386th largest digital currency (over US$1.57 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the Poa coin, how it works, and many more.

What Is Poa Token (POA)?

The POA Network is a well-known Ethereum-based platform, which has become popular for offering an open-source framework for smart contracts. This Ethereum sidechain project uses the Proof of Autonomy (PoA) consensus mechanism, which relies on a set of pre-selected validators for securing the network. The identity of the validator remains public.

The benefits associated with the Poa Network are:

  • The flexibility of coding in Ethereum standards
  • Scalability
  • Interoperability in blockchain networks

The POA Network allows organizations to their own networks for deploying DApps (decentralized applications) by using their own validators and developers.

The latest news about this network is that it is merging with the xDai chain. This means you can swap POA tokens for the STAKE token on the xDai chain at 466.6163443 POA per 1 STAKE rate. A Time-weighted Average Price (TWAP) is used to derive the price for the 2 tokens between Oct 21, 2021, and Nov 3, 2021. You can avail this opportunity until May 5, 2022. Afterward, time swapping will get closed and emissions will stop on POA.

It needs underscoring that the network will continue operating without emissions or rewards in a staging capacity for the xDai chain.

The POA coin is the native token on the POA Network, which is used by this network for multifarious purposes such as:

  • For transaction fees (gas)
  • Reward mechanism for validators

On Ethereum, POA20 is POA. Earlier, the POA bridge was used for transferring POA20 between POA Network. However, the POA bridge is not operational anymore. You can use the swap application to swap POA20. However, no further way is there for swapping POA to POA20 or the other way round.

Poa Coin (POA): Facts & Figures

All these facts and figures (as of November 22, 2021) will help you to make a decision on investing in Poa Network POA tokens. Before making POA transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • Poa Network Price: US$0.534 (Current Price of POA)
  • 24hour Trading Volume (24h Volume): US$87,201,778
  • All-Time High (ATH) Price: US$1.70 (reached on Nov 07, 2021)
  • All Time Low (ATL) Price: US$0.003107 (reached on Nov 08, 2021)
  • 24h Low: US$0.5221
  • 7d Low: US$0.2862
  • 30d Low: US$0.003107
  • 90d Low: US$0.003107
  • 52 Week Low Price of Poa: US$0.003107
  • YTD (Year-To-Date) Return: 2,651.62% YTD (Year-To-Date) price change
  • Market Cap: US$156,966,839 (US$1.57 billion)
  • Crypto Rank (in terms of market cap): 386th in the crypto market
  • Fully Diluted Market Cap: US$157,510,537
  • Max Supply: ---
  • Total Supply: 293,975,311
  • Circulating Supply: 293,975,310.62 POA

These are the facts that made the Poa coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily.

Poa Network (POA) Price Prediction & Forecast

  • WalletInvestor’s POA Price Prediction
  • US$0.574 by 2022
  • US$0.760 by 2026
  • DigitalCoin’s POA Price Prediction
  • US$0.8950291 by 2022
  • US$2.1660815 by 2026
  • Gov.Capital’s POA Price Prediction
  • US$0.601 by 2022
  • CoinCodex’s POA Price Prediction
  • US$0.115430 to US$0.200031 by 2022

Where can you Buy Poa Tokens?

You can buy Poa coins in almost all top exchanges including:

  • Bancor Network
  • HitBTC, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.

The most popular Poa coin price pairs of Poa are:

  • POA20/BNT
  • POA/DAI, and many more.

Before investing, check out historical data of token Poa coin, fundamental analysis, crypto news, Poa coin price charts, price performance, market updates, Poa to USD (United States Dollar) exchange rate (if any), POA price history, Poa Network speed, POA price forecast, and others.

What are the Best Crypto Wallets to Store Poa Coins?

The best Poa coin wallets to store Poa coins are:

  1. Ledger Blue
  2. MyEtherWallet
  3. Blockchain wallet
  4. Coinomi
  5. Coinbase Wallet

Invest in Poa coin and Other Cryptocurrencies

You can buy and sell Poa coin and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Poa coin markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.

You can also diversify your crypto coin portfolio by including other digital assets such as POA, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, Internet Computer, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, Axie Infinity, and others.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.

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NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error.

Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.