With the rising growth of crypto awareness, more newsies are trooping into the crypto industry, and a lot of them lack the experience to know the right coins to buy and why they should be buying the coin in the first place. Price prediction helps newbies have a futuristic view of the coin they are investing in, especially if they are long-term holders.
Varying methods have been used to determine the future price of a coin, from technical/fundamental analysis to deep learning and AI prediction methods. However, for newbies, one of the simple ways of predicting a coin's future price is by looking at its history. If there is anything the crypto market is known for, it is known for repeating itself. So, in this Polymath price prediction review, we shall be looking at how the past performance of POLY can help influence its future price.
One of the first things we’d explore in this Polymath price prediction guide is the project itself. What is Polymath, what is the project about, and how does its use case influence its price?
Unlike other cryptocurrencies, Polymath took a different path when building its project. The Polymath token is built on the Ethereum blockchain. It is a security token platform with a structured regulatory framework. Polymath utilizes the ST-20 token standard and focuses on AML/KYC and other regulatory policies to ensure that it is government compliant when issuing digital securities. While blockchains like Ethereum focus on issuing out ICO tokens, Polymath is all about compliance.
Since the year 2017/2018 was ICO's year, a lot of scammy projects were launched, and ICOs came under fire. To create a more favorable platform, Security Token Offerings (STO) was introduced, and Polymath quickly rose to the top for being an STO. In this Polymath price prediction guide, we will see how the Ply token structure can determine its price in the nearest future.
Polymath Historical Price Analysis
Polymath airdropped its token on January 24th, 2018. It started trading with a value of US$0.789. It quickly reached its all-time high on February 20, 2018, at $1.59, and has currently experienced a loss of -94.2%. Polymath sold utility and security tokens in 2017 and raised over $1.2 billion in funding. During its ICO launch in the early 2018s, Polymath successfully raised $207,330,000 dollars, with POLY selling for $0.40 per token. The token was listed on several exchanges a few days after its token sale, which caused the token price to skyrocket. From June 01, 2018, the price of POLY plummeted from $0.746 and remained low, reaching $0.095 by January 18, 2021.
Current Price, Market Cap, & Supply Details
As of the time of writing, the price of POLY is $0.093391 with a 24-hour trading volume of $1,409,039 USD. POLY is currently ranked number #186 on the coin market cap and has experienced a downward trend of 1.40% within the last 24 hours. POLY has a market cap of $51,894,753 and a circulating supply of 555,670,901 POLY.
However, its max supply is not known. To actively trade POLY, you will find it in exchanges such as Binance, HitBTCi, Huobi Global, CoinBene, and VCC Exchange. POLY had its last all-time high on February 18, 2018, at $1.59 and is currently down by -94.2%, while its all-time low was on March 13, 2020, at $0.01100606.
Polymath (POLY) Future Price Forecast Predictions
Having great partners can help influence the price of a token. As the token gets more partners, its use cases grow, and so will its demand and supply and eventually its price. Polymath has partners such as t-Zero, BlockEstate, and MintHealth. Although predictions are not usually foolproof, several experts have predicted the future price of POLY. This Polymath prediction guide will look at some of the predictions for POLY.
Cryptocurrency prediction experts Walletinvestor predict that the coin will worth $0.346 in the next 5 years. However, Digitalcoinprice has a different view and sees the coin hit $0.1407 in 2025. On the other hand, Crypto-rating shares similar views with Walletinvestor seeing the price of POLY reach $0.3435 in five years.
Short Term Forecast
Long Term Forecast
*This price prediction is based on the data collected from various sources meant strictly for educational purposes only and should not be taken as investment advice. Users should do their own research before investing.
Polymath Price Prediction 2021
By the end of the year 2021, using forecast, algorithmic analysis, and price action, we predict that one Polymath (POLY) will reach $0.150542, an impressive 31.3% growth within the year.
Polymath Price Prediction 2022
We predict a 47.1% increase in POLY price by the end of 2022, and one Polymath (POLY) could be worth about $0.284954. This will be almost 50% growth in price and hopefully more upward growth.
Polymath Price Prediction 2025
While we expect a downward trend for POLY in 2023, leading to a -100% loss in price, the year might experience a shift. More security tokens may likely be churned out in the coming years, and Polymath may be at the center of things again, leading to an increase in price by 2025. One POLY may likely be worth $1.146349. Hopefully, by the end of the year, it will be pushing the $2 mark.
Is Polymath a Good Investment?
Since the crypto market is volatile, many investors look out for tokens that offer a bit of security. Since POLY is compliant with SEC regulations, it makes it a safe bet. It also offers leverage for insurance of security tokens. Since PolyMath is a pioneer in the creation of Security Token Offerings, it eliminates the need for intermediaries in creating security tokens. However, many factors determine the success of a token in the long term.
The company may make the right decision in the future that will turn around the price of the token or make a dumb decision and throw the value of the token out of the window. However, knowing what a project stands for, the team and partners involved, as well as the roadmap of the token, can help influence the investment potential of the coin. In the case of POLY, it is fair to say that it has all the potential of being a good investment.
How to Buy Polymath?
For long term holders, finding a suitable wallet to store your coins is imperative. It isn't safe to hold a coin for the long term on an exchange. Although short-term holders or traders may use exchanges for ease of transfer of assets, it is still important to have a wallet. You can use MyEtherWallet in storing POLY since it is an ERC20 token. You can also view your POLY tokens on MetaMask, Parity, Ethereum Wallet / Mist, imToken, and Exodus. There is also provision for hard wallets such as Ledger Nano S.
You can buy POLY from the following exchanges Binance, HitBTCi, Huobi Global, CoinBene, and VCC Exchange. You can buy POLY on Binance using the following steps.
STEP 1: Set up a Binance account and complete the setup process, including your 2FA verification process for security.
STEP 2: Fund your wallet by depositing USD to your wallet using a bank transfer or your credit card.
STEP 3: Convert your USD to BTC or ETH and then buy POLY with it.
You can also replicate the above steps for other exchanges and buy, hold, or trade POLY. You can also transfer your POLY to any wallet of your choice if you are a long term holder. Short term holders can trade POLY on exchanges by using price action to determine the movement of the price.
More Information About Polymath
What is Polymath?
Polymath was created as a result of the 2017/2018 ICO crisis that resulted in a lot of scammy projects populating the crypto space. Polymath believes that the blockchain is better suited for securities and therefore simplifies the legal process of creating and selling security tokens.
Also, a new token standard, the STO2, was created, and it enforces government compliance thanks to its pioneer, Polymath. Asides from STO2, Polymath, also includes other sub-standards for security tokens such as ERC1594, ERC1643, ERC1644, amongst others. Polymath is servicing a much-needed need in the financial market by providing regulatory compliance and identity on the blockchain.
Polymath Inc. is incorporated in Barbados's state and registered with the U.S. Security and Exchange Commission (SEC). It was founded by Trevor Koverko, who is also the director of Polymath Inc. and Co-founder, Chris Housser. Polymath filed a notice exempting itself from offering securities via ICO with the SEC on January 25, 2018. Its platform is uniquely designed to house four layers in its blockchain, and they include Protocol, Application, Legal, and Exchange.
The protocol layer represents the smart-contract housing all the terms built in the blockchain. The security tokens are created on the Application layer while the legal layer houses the network governance layer, and the exchange edger works as the bitcoin ledger. So, the network is a tightly knitted network focused on investor security where templates are created and used by accredited lawyers. The exchange layer works like Bitcoin’s digital ledger. Poly is a full-stack ST platform and is designed in such a way that anyone can issue security using it.
Polymath has a team of dedicated experts working on the project. Its Co-founders include Trevor Koverko and Chris Housser, Thomas Borrel holds the position of CPO, Pablo Ruiz is the VP, ENGINEERING, Michael Buchanan (VP, FINANCE), Adam Dossa (Director of blockchain), Rachel Kuper (VP marketing), and Jesse Lancaster( Head of Research)
Polymath is looking forward to creating a market for programmable tokens. To create a world where businesses can get capital and investors can invest in a secure and reasonable way. Polymath already has over 200 tokens deployed on its Ethereum based network and is about to launch its product Polymesh that will be solely for regulated assets.
Polymath focuses on creating an infrastructure that allows investors to hold tokens in an identifiable, compliant, and secure blockchain ecosystem. In this Polymath Price prediction Guide, we see that by the end of 2025, POLY may just be pushing the $2. However, its team has a lot of roles to play were fulfilling the promise on their roadmap is concerned.