Like poetry, the current news coming out about Po.et (POE), a small but sturdy leader in the content-licensing space that sky-rocketed over the last 24 hours, is music to the ears of it’s hodl’ing believers and newest investors alike. The altcoin shot up over 40% today, recovering lost ground after a heavy blow was handed to this unlikely hero of the cryptocurrency market. After a steep drop, the market has made its first clear sign of a comeback as many of our favorite altcoins begin digging out from the hole they found themselves in over the past week.

But not many of the coins available on your favorite exchange are performing as well as Po.et (POE) when comparing the change in price as a percentage over the past twenty-four hours. And many believe this is just the beginning.

What is Po.et (POE)

Po.et (POE) is a shared, universal ledger that tracks ownership and attribution for digital creative assets. Utilizing the blockchain, Po.et bridges publishers and content creators, reclaiming value and eliminating middlemen in an otherwise controlled third-party space. With the ability to verify content or discover new content, the system of attribution created by Po.et’s (POE) development team is truly transparent.

Po.et (POE) helps content creators to license their material while helping publishers to verify the authenticity of content before publication. As content is typically verified piece by piece, publishers have in the past relied on legal staff to filter suitable material from the creative works sent to them. Po.et (POE) has designed a verifiable, immutable timestamp secured by the decentralized nature of the blockchain.

Po.et’s (POE) Growth

Sitting below US $.03 just over a month ago, Po.et (POE) skyrocketed with the coin market-cap, that touched somewhere over US $750 million just over a week ago. And while the team behind the scenes of this otherwise lyrical cryptocurrency-community kept quiet, an air of expectation spread over the (then much smaller) community of believers that chatted infrequently on our favorite social media sites. Seemingly out-of-nowhere, the volume of trades in Po.et (POE) increased, forcing investors to take a closer look at the content this little altcoin was creating (and licensing) on the blockchain. Before long, the influx of cash into the entire altcoin space flooded into Po.et’s (POE) coffers, and into the wallets of the early hodl’ers of this fantastic tool in the publishing industry.

What Explains the Current Run?

Po.et (POE), a usable and undervalued cryptocurrency, has retained a many of the investors it gained during the December/January bull-run, ending over the past week. As frightened investors sold their holdings in order to retain their gains during the hit that all coins took, many immediately jumped back in at the now lower price-point, recognizing the utility of the token, and the potential for its future.

Many of Po.et’s (POE) more conservative investors stayed the course, holding-on-for-dear-life with a belief in this coin that inspired confidence not only in PO.et (POE) but in the entire cryptocurrency market. We should all now realize what the believers surrounding the Po.et (POE) community have known all along: The potential for further gains from this small crypto-darling are undeniable.

Firmly rooted in the ‘Rosetta Era’ (a term describing the release of their Po.et Test Net in-line with their roadmap), investors lining up to purchase the token (POE), expect a lot more action out of this ‘little engine that could’ before the end of this auspicious new-year.

Beyond Prose

Po.et (POE) has shown itself yet again to be a mover and shaker in the altcoin space. And with its blend of utility and simplicity, the team stands ready for a new wave of investors to find their way into the now vibrant community of long-term hodl’ers. Po.et (POE) is in this for the long haul, poised to meet the demands of tomorrow’s burgeoning market. And with the current rise of this favorite in the altcoin space, the little green candles ticking ever-upward on our exchanges are simply a case of poetic justice.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com