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 Price Prediction: Will Polymath Price Reflect the Changing Landscape of Blockchain Securities?
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Table of Contents
Polymath Token Fundamental Analysis
Project name
Polymath Token
Stock Symbol
POLY
Current Price
0.2082
Current Supply
1000000000
Launch Date
2018
Official Website
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.
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 2023
As for Polymath Token price predictions for 2023, there are divergent opinions. PricePrediction.net expects an upturn towards $0.3352, and TradingBeast echoes with ~$0.3706 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Polymath Token’s future price, citing numbers downwards of $0.1978 in December.
Potential ROI:
45%
Buy
Polymath Token Price Prediction for 2024
In their Polymath Token price predictions for 2024, WalletInvestor forecasts the coin’s price to go down to $0.08703 by December. Forecasting Polymath Token future, PricePrediction.net expects further decrease of its price, too, saying the Polymath Token price will reach ~$0.03748 by that time. On the contrary, TradingBeast keeps predicting Polymath Token price growth, quoting prices around ~$0.3224 in 2024.
Potential ROI:
-28%
Sell
Polymath Token Price Prediction for 2025
Polymath Token price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0.03748–$0.06005 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $0.316 in December 2025.
Potential ROI:
-34%
Sell
Polymath Token Price Prediction for 2026
Both PricePrediction.net and WalletInvestor doubt that the Polymath Token market will grow in 2026, predicting the price drop to $0.1374 and $0.04384 by the end of the year respectively. Other Polymath Token price forecasts support the idea: TradingBeast forecasts Polymath Token to fall down to $0.06003 by December 2026.
Potential ROI:
-61%
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 won’t grow further and, opposedly, will decline to $0.07978. TradingBeast’s price prediction for Polymath Token echoes with the projection of a downtrend to $0.03962. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.3248.
Potential ROI:
-29%
Sell
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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