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
0.2402
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 of Polymath Token price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $0.326326, and WalletInvestor echoes with ~$0.5011 by the year’s end. Other experts, for example, from PricePrediction.net, are more pessimistic about Polymath Token’s future price, citing numbers downwards of $0.21 in December.
Potential ROI: 44% Buy

Polymath Token Price Prediction for 2023

According to WalletInvestor, in 2023 Polymath Token investors should expect price growth to $0.813, which seems a good reason to consider Polymath Token as an investment option. PricePrediction.net, in turn, predicts the price increasing to $0.3, and TradingBeast agrees with a predicted growth to $0.317347.
Potential ROI: 98% Buy

Polymath Token Price Prediction for 2024

The experts are unanimous in their Polymath Token price forecasts for 2024 — everybody expects Polymath Token’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $0.37044. According to WalletInvestor’s research, Polymath Token’s price can go up to $1.26. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Polymath Token’s price will be about $0.41.
Potential ROI: 183% Buy

Polymath Token Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the Polymath Token market to grow in 2025, resulting in $0.458252 and $1.736 by the end of the year respectively. Other Polymath Token price forecasts support the idea: PricePrediction.net forecasts Polymath Token to reach $0.62 by December 2025.
Potential ROI: 291% Buy

Polymath Token Price Prediction for 2030

Most experts are expecting an encouraging future for Polymath Token: long-term Polymath Token price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.407845, while WalletInvestor goes for $1.71864. PricePrediction.net also puts big hopes on Polymath Token in the long term: its Polymath Token prediction for 2030 is $3.82.
Potential ROI: 725% 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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