- 1 The POLY token price is up 4.58% in the past 24 hours and was trading at $0.1944 at press time.
- 2 The daily POLY/USD chart shows a short term correction phase which is dominated by the bears.
Polymath (POLY) is a platform which enables the creation and management of security tokens on the blockchain. It aims to simplify the complex and costly process of issuing and trading security tokens, by providing a unified standard, an institutional-grade blockchain, and a user-friendly interface.
Polymath’s standard, ERC 1400, is compatible with Ethereum, where over 200 security tokens have been launched using Polymath’s Token Studio.
Polymath’s blockchain, Polymesh, is designed specifically for security tokens, with features such as identity, compliance, confidentiality, and governance. The Polymath’s tools, such as the Token Studio and the Polymesh Dashboard, allow users to easily interact with the platform and the blockchain.
Its native token is POLY which is used to pay for services and access features on the platform. POLY holders can upgrade their tokens to POLYX, the native token of Polymesh, when the Mainnet launches.
Polymath crypto price jumped 3.49% in the past 24 hours and currently trades at $0.195. The price seems to be recovering from the recent fall after a short term surge. The recent decline has turned the long term trend in the favor of bears.
Moreover, the long term is still positive which may add more buying volume at the lower levels. Recently, the price bounced back from the 200-day EMA indicating that the EMA is acting as a dynamic support for the price.
Currently, the price is hovering between the 50-day and 200-day EMAs. The breakout above the 50-day EMA may turn the short term trend positive and the price may resume to form higher highs and higher lows.
Polymath Price Prediction 2023
The volume analysis shows that the trading volume increased by 177.99% and reached $12.565 Million in the past 24 hours. The POLY crypto ranks 290th among the top cryptos with a live market cap of $123.560 Million. The volume-to-market cap ratio is 26.60% indicating mild volatility in the market.
The price prediction of POLY crypto showcases a neutral to bearish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $0.2639, indicating an upside potential of over 27.77%. The pessimistic outlook of the analysts hopes the price may drop to $0.1570.
Polymath Price Prediction 2024
As per the analysts, the most optimistic target that Polymath crypto price may achieve is $0.5116; indicating an upside potential of 144.29% from the CMP. The minimum analyst price target is $0.3664 by the end of 2024.
Polymath Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the POLY price may reach a high of $0.7101. The price may reach $0.5768 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.4909.
Polymath Price Prediction 2026
The Polymath cryptocurrency price may reach a high of $0.9289 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.6769 by 2026.
Polymath Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Polymath crypto estimates a price target of $1.0716. The minimum price target that POLY may achieve by 2027 is $0.8552.
Polymath Price Prediction 2028
The analysts are optimistic about Polymath (POLY) and predict that the price could go up to $1.5966 in the next five years. However, the pessimist analysts expect the price to reach a high of $1.0228.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.