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Polymath Token Price Prediction: Will Polymath Price Reflect the Changing Landscape of Blockchain Securities?

Polymath token represents an extremely interesting, although complicated, project. Whether you’re interested in digitized securities or just curious about this coin, you can find information on it inside this article, together with the newest Polymath price predictions.

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Polymath Token Fundamental Analysis

Project name
Polymath Token
Stock Symbol
POLY
Current Price
0.2668
Current Supply
1000000000
Launch Date
2018

Polymath (POLY) is a utility token of the Polymesh blockchain — the network providing the infrastructure for the issuance of security tokens. Polymesh was founded in 2017 with the plans to launch the mainnet in 2021.

Security tokens represent digitized financial securities — like an ownership stake in an asset — “living” on the blockchain. Security tokens, while utilizing blockchain technology, also have to comply with the rules and regulations typical for the traditional financial industry. This means that it’s not always convenient to issue such tokens on networks like Ethereum which are usually used for this purpose. For example, owner’s identity information is important in portfolio management, even if it’s tokenized, while most blockchain networks are designed to avoid using identities. This, and other similar reasons, is why the Polymesh network was created: it combines the best of both worlds.

The Polymesh network is secured using Nominated Proof-of-Stake (NPoS) protocol. It is permissioned, meaning that both Validator and Nominator nodes are known entities. Polymath token (POLY) is used to power the network: transaction fees, module fees (payments at the launch of a new security token), and smart extension fees (for the third-party smart extensions) are paid in POLY. Polymath token is also used for governance purposes.

Note that POLY is an ERC-20 token. Within the year after the mainnet launch, most of the POLY tokens are expected to be swapped 1:1 to POLYX — the native token on Polymesh.

Polymath Token Live Price Chart

Polymath (POLY) has joined the crypto market rally at the beginning of 2021, which is no big surprise. POLY’s price has grown from ~$0.1 at the start of January to more than $0.7 by late March. Polymath token’s price then went through a slump, dipping back down to $0.1 in June. 

Soon the trend reversed again, and POLY’s price reached ~$0.4 by the end of August. The biggest contributing factors to that were probably Polymath Coinbase listing in July and the crypto market recovery. 

After this slow climb, though, POLY skyrocketed on the news of successfully reaching the latest milestone in its development: Polymath’s price reached $1.34 in the first week of September. Later that week, POLY’s price went down a little, with the token trading between $0.7 and $0.8. Note that the Polymesh mainnet launch is expected later this year, so any of the Polymath price predictions will probably depend on whether the project can hit this major milestone.

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Polymath Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Polymath Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated POLY buy-and-sell rating for selected timeframe. The summary for POLY/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Polymath Token Price Prediction

Below we have collected the most reliable price projections for Polymath Token (POLY) from popular forecast platforms.

Polymath Token Price Prediction for 2022

As for Polymath Token price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects a downturn towards $0.12006, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about Polymath Token’s future price, citing upwards of $0.509588 in December.
Potential ROI: -21% Sell

Polymath Token Price Prediction for 2023

In their Polymath Token price predictions for 2023, WalletInvestor forecasts the coin’s price to go down to $0.194764 by December. Forecasting Polymath Token future, TradingBeast expects further decrease of its price, too, saying the Polymath Token price will reach ~$0 by that time. On the contrary, PricePrediction.net keeps predicting Polymath Token price growth, quoting prices around ~$0.50692 in 2023.
Potential ROI: -12% Sell

Polymath Token Price Prediction for 2024

Polymath Token price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0–$0.237452 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.456228 in December 2024.
Potential ROI: -13% Sell

Polymath Token Price Prediction for 2025

WalletInvestor has only pessimism in store for the 2025 Polymath Token price prediction, valuing Polymath Token at $0.218776 by the end of 2025. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their Polymath Token price prediction for December of this year is just $0.368184.
Potential ROI: -27% Sell

Polymath Token Price Prediction for 2030

Speaking of long-term Polymath Token price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Polymath Token price will grow further and eventually reach $0.349508 by the end of the decade. PricePrediction.net’s price prediction for Polymath Token echoes with the projection of an uptrend to $0.528264. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.
Potential ROI: 10% Buy
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Summary

As it can be clear from the analysis cited above, Polymath Token (POLY) projections are rather contradictory. There is no universal consensus either about positive or negative future POLY price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Polymath Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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