Polymath has recently been on the radar of investors due to its latest launch and significant presence in the news. The coin and the company are expected to make it big in the coming years. So, it can be a good time to invest in Polymath.
And if you want to convert your existing digital currency into Polymath, you can use a crypto exchange aggregator – Alligat0r, which will help you get the best prices and most secure platform for entry.
What is Polymath?
Polymath is a similar platform to Ethereum. But the primary difference is that instead of making utility tokens; it provides equity to other companies. The services provided by the company have to comply with various regulations, which is why it used St-20 token standard. It helps them to maintain the compliance regarded essential by government regulations.
Polymath offers services like AML, KYC, and other such legalities, which companies must fulfill to comply with government regulations. Previously the ICO platform was used by companies for such legalities. But it was debated heavily by the government globally in 2017 and 2018.
The essential difference between the Initial Coin Offering (ICO) and Securities Token offering (STO) is the ability of the company to access equity stake. In 2017 when ICO was first launched, it was instantly accepted by the crypto sphere with significant companies investing in it. But the loopholes led to almost $100 million in losses by the end of 2018. It gave rise to the rising acceptance of STO. Polymath believes it will help build awareness about the concept of STO and increase its acceptance.
To know more about the POLY coin and the background of its parent company, you can visit https://alligat0r.com/coins/poly/info.
The present price of Polymath
Polymath was trading at $0.49 or 0.0001531 ETH in the first week of January 2022 . The coin has a market capitalization of $442,089,349, which is very high for the current price of Polymath. It shows that the coin has ample room to improve its pricing and reach new all-time highs.
Even 24h trading volumes are significantly better than many cryptocurrencies at around $46,373,670. The maximum supply of the coin is 1 trillion, of which 898,550,829.67 are in circulation currently. Polymath, even recently, on 1 January 2022, reached an all-time high of $0.66, showing increasing interest of investors in the coin.
Price prediction for Polymath
According to the current trend and the present rate of change in the Polymath prices, assumptions can be made about the coin for the next few years.
For 2022, it can be predicted that POLY can reach at least 1.00 and maintain average pricing of $0.77.
The $1 will be maintained throughout 2023, with probably dips till $0.8 to highs of $1.4.
2024 to 2025:
The price can reach $1.72 and trade at an average of $1.55, a considerable price rise since the previous years. By 2025 the price can reach $2.5 at highs.
But all these prices are speculative. It is especially considering that in 2021, Polymath launched its Polymesh mainnet. The mainnet is one of the first in the world to be public and permission for regulated securities. So, only time can now predict how the company will leverage this to its advantage and build on it more.
POLY seems like an excellent future investment but must you must keep a vigilant watch for sudden fluctuation in its price. If their manner is adopted by more giant financial corporations or major banking sector multinationals, the price of POLY can reach unexpected sky-high prices. So, for now, it is best to keep an eye on the investment or invest a small amount for the future.