Overview of Polymath
Polymath is a blockchain platform for the issuance and investment of security tokens. Polymath developed a purpose-built blockchain called Polymesh to address the specific requirements and security regulations of security tokens. Polymesh is designed to create, issue, and manage digital securities on the blockchain. Polymesh works on nominated Proof-of-Stakes consensus with the finality gadget GRANDPA and token protocol POLYX. Polymath is a one-stop platform to create your security token, access network trusted partners such as legal firm KYC providers, issue your complaint security token, and finally manage your security token with fast and easy issuance.
|Price Change 24h||+0.10%|
|Price Change 7d||+0.55%|
|Circulating Supply||898,550,930 POLY|
|All time high||$1.66|
|All time low||$0.01075|
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Polymesh blockchain technology is focused on four key design principles to solve the problems of regulators and institutions to enhance the functioning of the security token. Firstly, confidentiality protects information and ownership privacy; furthermore, Polymath provides precise reporting and auditing mechanisms. Secondly, governance offers methods for addressing, actioning proposals, an operating and governance structure that says Polymesh protects assets from contentious forks during network upgrades. Thirdly, a compliance structure that imposes appropriate rules for creating, issuing, and trading security tokens also, the same design feature helps the user to manage complex restrictions and distribution on-chain. Finally, Polymesh has an identity design feature. Identity is the most important feature that allows users to create and acquire or sell tokens without a validated identity. In certain instances, security regulations vital investors to confirm their profile before investment, and all the validators must be known and regulated entities.
The open-source Polymath platform and token studio offer transparency for security token management. The standardization of ERC-1400 ensures token code meets specific requirements and reduces technical due diligence. Modules of token studio authorize users to customize their offering, manage tokens and provide corporate actions. Token creation studio provides end-to-end service that includes broker-dealers, legal firms, ecosystem custodians, cab table management providers, KYC/AML providers. This altogether helps creators to create a bespoke end-to-end solution. Moreover, the white label solution of Polymath is a tool kit to deliver end-to-end token journeys.
Smart extensions are pillars of security tokens on Polymesh. Smart extensions allow issuers to program-specific rules into security tokens. The feature solves issuers’ need for functionality and regulators’ compliance. Specifically, capital distribution, record keeping, corporate governance financial primitives can be adapted using smart extensions.
Native Protocol Token
POLY is the ERC-20 token of Polymath that was deployed on the Ethereum network. Polymath (POLY) has a total supply of 1 billion tokens listed across major exchanges and traded actively. POLYX is the native protocol token that fuels the Polymath platform, and the POLY token needs to have material value. Hence, owners of POLY can upgrade their token to POLYX at a 1:1 ratio with the help of an Upgrade Bridge. POLYX was created under the guidance of Swiss financial regulator FINMA.
The overall POLYX supply is not fixed, and it will increase over time to fund block rewards. The network transaction fees (gas fee), developer fees, and administration fees are paid using POLYX. On top of that, attaching a cost in POLYX to transactions on the chain prevents network spamming. Nominators stake POLYX on validators, and validators stake POLYX on networks and run authoring nodes. Both the parties will be rewarded according to blocks being added to the chain and the fulfillment of nodes.
Polymath was co-founded by Chris Housser and Trevor Koverko in 2017. Subsequently, in 2018, Polymath launched its first smart contract on Ethereum. Later in May 2018, Polymath ST-20 security tokens and Polymath token studio dApps have launched. Polymath dApp permits users to create and manage security tokens with Polymesh blockchain architecture. In 2018, Polymesh started focusing on standardization with security token round tables in Barbados. In Aug 2018, ST-20 and V1.0 went live on Ethereum mainnet.
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In the first quarter of 2019, Polymath announced the launch of Polymesh Blockchain in collaboration with Charles Hoskinson. It was a mission to create the best blockchain platform for security tokens. In the same year, Polymath achieved the milestone of upgrading ST-20 to comply with the ERC 1400 security token standard. The team released the Polymesh whitepaper and documentation of SDK 20 in the initial quarter of March 2020. Later the team launched Testnet V1 for testing Polymesh wallet, POLY to POLYX Bridge, Token studio, and governance for token holders. STO updated with pre-mint function to raise. In the third-quarter Polymesh testnet, V2 was launched. V2 included additional features for testing unique identity and settlement. Polymesh incentivized testnet for POLYX rewards, and Polymesh mainnet launch was completed in 2021. The entire team is consistently working for further advancements in Polymath technology.
Polymath Technical Analysis
The crypto market boomed ahead of the long weekend. Most of the digital coins traded green. Polymath price today is trading at $0.5003 with a 24-hour trading volume of $40,535,012.97. It is a huge volume fall compared to the previous trading session. The total market cap is $454,802,161.67, with a total circulating supply of 898,550,830 POLY. The highest price at which Polymath (POLY) is traded was $1.66 on February 19, 2018. It is marked as the all-time high. The all-time low was marked at $0.01075 on March 13, 2020.
Historical data on the daily chart shows that Polymath (POLY) was traded sideways after its all-time high for an extended period from 2018 to 2021. During this time, the POLY price was hanging between $0.014 to $0.14 without any marble price actions. Later, on February 18, 2021, POLY price skyrocketed to $0.68 in a single trading session backed by huge volume. The bullish candle initiated an upward move which remarked another medium-term high at $0.768. Bulls failed to sustain the momentum, and prices plunged to $0.117 gradually. In between volumes supported, but token was not able to break out, and for more than six months, POLY traded sideways. Since September 2021, there was increase in the price but after January 2022, there was correction seen. Currently, slight recovery is there which might increase more in the short term.
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Always there is a plummet after every Polymath price rise. It was evident from the chart; POLY is a good swing option for those who analyze the chart and take the right entry. The immediate resistance is 0.671 and the major resistance is 0.812. The major support level is $0.299.
POLY has been trading green with moderate volume in the last four consecutive trading sessions, pointing out the resistance and support level. Immediate resistance is placed at $0.554. Any further move can take POLY to the major resistance of $0.812. On the opposite side, nearby support is placed at $0.458. Any price drop below this will seek support at $0.389, and the major support is $0.299, below which traders can sell Polymath as per our forecast. POLY does not fall to major support within the short term based on the current trend.
After analyzing major technical indicators on the chart, it is seen that MACD crossed signal line showing strength. Relative strength index (RSI) is spotted at 68.15. Currently, Polymath (POLY) is dropped below 20 EMA, 50 EMA, and 200 EMA.
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Candles are crossing the middle line of the Bollinger band and bolster the up move. Stochastic RSI shoots up, but ADX is at 36.44, shows a consolidation mood or weakness in the trend. To sum up the technical analysis of POLY. POLY has been forming short line green candles for the past few trading sessions, eventually strengthening the positive trend. Overall, the cryptocurrency market sentiments of the coin are positive. Most technical indicators such as MACD, EMA, Bollinger band, and Stoch RSI are supportive of bulls.
But certain indicators specify a slight weakness in the trend because RSI is neutral, and ADX indicates a weakness in the trend. So short term POLY price prediction is moderately bullish. Polymath cryptocurrency will move to the immediate resistance of $0.59 soon as per our forecast; with this in mind, aggressive traders can look for a swing opportunity in the token. Since the trend is weak at any time, it can reverse, so value investors can wait for explicit confirmation for a strong uptrend before initiating long-term positions. Visit here to know about Altcoins prediction!
Polymath Forecast: Experts Opinion
Historical price analysis of Polymath manifest, all-time ROI Polymath has disappointed investors, but POLY gave a good return for its investors last year. The maximum return for one year was significantly high; furthermore, POLY has also given noteworthy returns in the last six months of 2021. Unfortunately, the current month is bearish. Looking at some of the most interesting other prediction, Experts are bullish on coins, and certain algorithm predicts POLY may reach $2 to $3 within 5 years. Apart from this, considering other forecast and predictions, most of them are bullish on POLY tokens’ long-term earning potential.
Based on the technical analysis and Polymath price prediction, the 5-year investment looks bullish. Wallet investor is expecting the price of Polymath may reach a maximum of $2.172 by 2027.Wallet Investor
As per the Digital Coin Price forecast, the value of Polymath is going to increase in the future. As per the prediction, the average price for the year 2022 might be around $0.71, and it may even cross the $2.17 mark by the year 2029.Digital Coin Price
Using deep-artificial intelligence-assisted analysis and past data of Polymath price, the analysis suggests that the future price for the token looks bullish. The Polymath forecast indicates that it will cross the $0.90 mark by 2023.Price Prediction
Based on the Polymath price prediction by TNL, the average price of Polymath (POLY) might be $1.22 by the end of 2024.Tech News Leader
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Polymath Price Forecast 2022-2026
The cryptocurrency market is evolving day by day. New investors are pouring money into the riskier asset class. Data shows that long-term and short-term prediction is hyped more than valuations. Most importantly, prices depend on the purpose of the token, its use cases, burning mechanism, locking type, to what extent the particular coin solves the issues for what it created for, how the parent company is developing, and finally, demand and supply of the coin. External factors such as privacy, regulation prevailing market conditions also affect the Polymath price movement and predictions. However, let us now look at the long-term POLY price forecast.
Polymath Price Predictions 2022
Polymath token price starts at a minimum price of $0.62. The maximum price might be $0.71 and the average trading price might be $0.66.
POLY Crypto Price Prediction 2023
Polymath coin price prediction is anticipated to begin at $0.74, and the bullish upward move may continue to $0.86 within the first half of the year. In the second half of 2023. POLY will become a good investment within two years, considering the current price.
Polymath Crypto Price Prediction 2024
POLY coin price prediction is foreseeing a start at $1.04 in 2024. However, by the end of the year, POLY is predicted to reach $1.11, which is a good sign.
Polymath Price Prediction 2025
Polymath price prediction 2025 speculate to open at $1.19. The second half is predicted to begin at $1.17 and eventually rise to $1.14 by the year-end. To sum up, the future price forecast shows POLY is a profitable investment for five years. So looking at its future value, Polymath cryptocurrency will be an added advantage for your virtual currencies portfolio. Especially considering the current price, it is cheap and a good option for making money in the future.
Polymath Price Prediction 2026
The price might show correction in this year as per the Polymath prediction. The maximum price of Polymath is anticipated to be $1.09 by the year-end, while the minimum price is anticipated to be $0.82 as per our Polymath price prediction. The average Polymath price may be $0.92.
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Frequently Asked Questions
Is Polymath a good investment?
POLY price prediction shows Polymath be worth investing in for the future. But investing is a risk considering the nature of digital coins, so invest wisely. Doing your own research and taking a piece of investment advice is necessary before investing.
Where can I buy Polymath?
You can buy Polymath from major crypto exchanges such as Binance, Coinbase, and Gate.IO. You can invest in Polymath using any of these exchanges.
What is Polymath price prediction 2030?
Along with the price, the market cap of Polymath will also increase in the long run. As per our Polymath forecast 2030, the maximum price is predicted to be $2.40 with a minimum value of $2.24.
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