According to our Polymath price prediction, POLY may soon undergo a short-term downward retracement before a bullish reversal by the end of 2022.
In terms of providing complete transparency over digital assets and the crypto space, several Web3 projects have failed significantly, resulting in tighter regulatory scrutiny and attracting the attention of regulatory bodies. However, the legal procedure for producing and selling security tokens is made simpler by Polymath as it establishes the ST20 as a new token standard and follows governmental regulations. As Polymath widens users’ adoption, it onboards more users and potential investors around the world and aims for a great expansion in the future. Polymath has been dominant in the past as it made a tremendous journey with a significant ROI. However, the current POLY price momentum has been severely impacted by the FTX’s collapse, which plunged the asset hard to the bottom line. Hence, our Polymath price prediction aims to bring its project analysis and expected future potential with an in-depth technical analysis of the current trend to decide the best profitable investment plan for investing in this coin.
Polymath: A Quick Introduction
Polymath is a blockchain platform that issues various security tokens to the crypto world, and it is developed on 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 tokens on the blockchain and it works on nominated Proof-of-Stakes (PoS) consensus with the finality gadget GRANDPA and token protocol POLYX.
Polymath was founded and developed in 2017 by founder Chris Housser, a Toronto, Canada lawyer, who was looking to tokenize a private fund. POLY is the token that allows users to create and manage their security tokens. It was launched as an ERC-20 token with a maximum supply of one billion, and later the team launched its own blockchain called Polymesh. Soon, holders of the old token can swap for the new token on Polymesh at a ratio of 1:1. Let’s find out its current market details to clarify our Polymath price prediction better.
| Cryptocurrency | Polymath |
| Ticker Symbol | POLY |
| Price | $0.205 |
| Price Change 24 hours | -2.19% |
| Market cap | $189,674,476 |
| Circulating Supply | 924,998,413.00 POLY |
| Trading Volume | $1,933,787 |
| All time high | $1.66 |
| All time low | $0.01075 |
| POLY ROI | +74.08% |
Polymath: Features And Tokenomics
The “Ethereum of security tokens” is Polymath, and it offers the technical foundation and the resources needed to generate tokenized equities. The ST-20 token standard is used by Polymath, a platform for security tokens, to ensure that issuing digital assets abide by legal requirements. Like Ethereum, Polymath provides equity in businesses with a well-established regulatory framework, as opposed to utility tokens like an ICO platform. To provide a regulatory structure with securities laws, Polymath implements KYC, AML, and other legalities.
The whitepaper states, “Polymath extensively researched and consulted with leading economic, game theory, and operational process experts to establish the token economy for Polymesh with the goal of delivering utility, security, and sustainability for the chain. The core of this economy is the native protocol token that fuels Polymesh, POLYX, which secures and operates the blockchain. Any transaction or use of smart contracts on Polymesh is paid for in POLYX.”
Users of Polymath get the opportunity to offer their customers the network’s services and functionalities under a white label. With this strategy, brokers and other service providers may supply the market with an excellent security token solution where users don’t need to hire expensive engineers or learn new coding to generate, issue, and manage their tokens.
Polymath Price Prediction: Price History
Before heading toward our Polymath price prediction, it is essential for investors to know about its price history to get a rough idea of its expected future price potential. However, it is to be noted that price history does not guarantee our Polymath price prediction.
The smart contract for Polymath was deployed on the Ethereum mainnet in January 2018, and the token went live into the crypto trading market on 2 February at $0.79. POLY started off well with February, as it made an exponential rise for the next few weeks. Soon after it launched, POLY was listed on the major crypto exchange KuCoin on 14 February, and it was paired with Bitcoin (BTC) and Ethereum (ETH). POLY reached its all-time high on 19 February 2018 at $1.66, but after that, the utility token began to fall sharply, hovering around $0.30 in April. However, it was not far for POLY to rise again as it saw another upward rally in May during the lead-up to the test launch of the ST20 protocol and Polymath Token Studio dApp (the tools for creators to build their own security tokens). After spiking to $1.15 on 14 May, the token dropped below $0.30 in June.
It saw a slight rally in July as Polymath held an event in Barbados called Security Token Roundtable. The purpose was to discuss the opportunities and issues facing securities on public ledgers. After climbing past $0.40 at the end of July, the coin eventually fell below $0.20 for the first time. Its last uptrend of the year was by the end of October when it managed to reach $0.30 again. This surge came after Jeremy Allaire, the founder of payment processor Circle, appreciated the ERC-1400 token standard that was spearheaded by Polymath.
By the beginning of 2021, the crypto market saw a bullish trend, and POLY finally saw a breakout. It started its bullish trend in February when the advisory firm BCAS was announced as a partner for Polymath’s providers’ ecosystem. By the end of the month, the utility token crossed $0.30. The utility token touched $0.70 on 30 March but then immediately fell below $0.50 a couple of days afterward. The correction turned into a severe crash, and POLY dropped below $0.20 in June. However, it saw a major breakout later, and POLY rocketed from $0.38 on 2 September 2021 to $1.34 two days later. This came after a new upgrade regarding the Polymesh testnet, which gave users the ability to create dApps.
POLY managed to maintain above the $0.50 mark in October and rallied again at the end of November. After the launch of the Polymesh mainnet, the blockchain began onboarding users on 15 November, and POLY raced to $0.88 on the same day, and it managed to climb above $0.90 before December.
Since this breakout, the token has been on an intense bearish trend. It dropped below $0.50 in December 2021 and below $0.40 in January 2022.
Polymath Price Prediction: Technical Analysis
Polymath has smoothly maintained its price momentum despite the current market hurdles and negative trends. Polymath is building a potential to dominate major altcoins in the market soon as the coin can spark a tremendous high in the future with an aim to end the current bearish trend as it sparks a significant recovery rally in the price chart. However, the collapse of the crypto exchange FTX has wiped billions of dollars from the altcoin market, forcing whale investors to liquidate massive holdings and build extreme selling pressure on the price chart. Hence, our Polymath price prediction aims to identify the flow of the current market with an in-depth technical analysis using advanced technical indicators and guide you through a fruitful investment plan.
According to CoinMarketCap, the current price of POLY coin trades at $0.205, with a downtrend of nearly 2.19% from its previous performance. Our Polymath crypto technical analysis reveals that this digital asset may soon flash a strong bullish signal to the maximum levels as it follows a significant recovery rally following positive news from major altcoins of the cryptocurrency market. Looking at the daily price chart, Polymath struggles to trade above its EMA-20 trend line at $0.21 as it continuously faces rejection near its immediate resistance level of $0.2. The EMA-50 shows intense bearish pressure as it drops from its previous resistance level of $0.28 to $0.22, trapping POLY under bears’ domination as it trades in a consolidated range. Despite all the current troubles, POLY has barred itself from dropping further as it has built a support level at $0.19, from which the coin is making a slight upward reversal to its 31.6% Fib retracement. The Balance of Power (BoP) indicator trades in a bearish region of 0.85, hinting at a quick downward retracement for our Polymath price prediction to $0.19.
The popular indicator RSI-14 hovers around the verge of a bullish region at the level of 44, which may send POLY to test its resistance near the 21.6% Fib levels. Moreover, the MACD line forms a bullish pattern in the chart as it slowly sparks bullish candles above the signal line, signifying bulls’ domination in the Polymath price chart. The SMA-14 looks promising as it trades vertically upward with the RSI line at 49-level, which may ignite a short-term uptrend for POLY to the resistance levels of EMA-100. If the POLY coin breaks above its EMA-50 trend line, it may pave a smooth upside trend to its Bollinger band’s upper limit of $0.23, above which it may try to break its strong resistance at EMA-200 ($0.26). Conversely, a further downfall of Polymath may become valid if it drops near the crucial support level of $0.18; below this price level, POLY may accelerate a sharp collapse as it can trade near its Bollinger band’s lower limit of $0.15. If POLY’s price fails to hold above $0.14, it may gear up for a more bearish bloodbath and trade near $0.12.
Polymath Price Prediction By BlockchainReporter
Polymath Price Prediction 2022
According to our Polymath price prediction for 2022, POLY is predicted to attain a maximum value of $0.24 with an average trading price of $0.23. However, our technical analysis reveals that Polymath can go as low as $0.21.
Polymath Price Prediction 2023
Our Polymath price prediction for 2023 expects a maximum trading price of $39, with an average trading price of almost $0.34. Polymath might retrace downward with a minimum price of $0.33 by the end of 2023.
Polymath Price Prediction 2024
POLY boasts of developing solid and overwhelming fundamentals for the crypto community. Our Polymath price prediction for 2024 predicts that the coin will extend its bullish momentum and likely achieve a maximum price level of $0.58. After that, Polymath crypto might record a low of $0.48, with an average trading price of $0.49.
Polymath Price Prediction 2025
Our Polymath price prediction for 2025 anticipates a minimum value of $0.66 and a maximum value of $0.84. In addition, our Polymath price forecast for 2025 predicts an average trading price of $0.68.
Polymath Price Prediction 2026
Polymath may witness an astronomical rise in 2026 and bring an incredible return on investment to its long-term holders. Our Polymath crypto price prediction for 2026 expects a maximum price of $1.12 with an average trading price of $0.97. Polymath may trade at a minimum value of $0.93.
Polymath Price Prediction 2027
The crypto market may soon end the tears and tantrums and eliminate its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our Polymath price prediction for 2027 suggests that POLY may touch a maximum trading price of $1.63. POLY may trade at an average price of $1.39 with a minimum value of $1.35.
Polymath Price Prediction 2028
Our Polymath price prediction for 2028 states that POLY may touch a maximum price of $2.37 and an average trading price of $2.04. The minimum value for the POLY cryptocurrency is predicted to hit $1.98.
Polymath Price Prediction 2029
In the upcoming years, Polymath crypto may bring impactful partnerships due to its user-friendly environment and can push its price to the North. Our Polymath price prediction for 2029 expects a maximum price for this coin to be $3.47 and a minimum price of $2.95. Polymath crypto may reach an average value of $3.05.
Polymath Price Prediction 2030
Depending upon the future market sentiments and response from the community, Polymath crypto can see a maximum price level of $5.15 with an average trading price of $4.47. However, the Polymath coin is projected to hit the bottom level at $4.35 by the end of 2030.
Polymath Price Prediction: Industry Experts
According to DigitalCoinPrice’s Polymath price prediction, the price of POLY is expected to surpass $0.45 in 2023. By the end of the year, Polymath is expected to reach a minimum value of $0.44. In addition, the POLY price may secure a maximum level of $0.48. In 2027, the price of POLY is expected to exceed $1.04. By the end of the year, Polymath is expected to reach a minimum value of $0.97. In addition, the POLY price may attain a maximum level of $1.09.
Trading Beasts’ Polymath price prediction states that the Polymath price is forecasted to touch $0.2937807 by the beginning of January 2023. The expected maximum price is $0.3672259, and the minimum price is $0.2497136. The Polymath price prediction for the end of the month is near $0.2937807. In 2025, Polymath may reach a minimum price of $0.2711758 and a maximum price of $0.3987880 with an average trading price of $0.3190304.
Is Polymath A Good Investment Option? When Should You Buy?
Users of Polymath now take advantage of decreased prices and a more responsive user interface. More investors are moving to the Polymath platform due to its features, the network’s established track record, and future development potential. In order to satisfy the requirements of custodians, broker-dealers, law firms, and other elite investment service providers, the protocol includes a variety of tokenomics. Hence, Polymath is an excellent investment choice for the long term, and a price of $0.18 can be a profitable buying opportunity.
Conclusion
For several reasons, Polymath is steadily gaining attention around the crypto space as the protocol continues to be a market innovator for starters and large-cap business firms. The system has become well-established due to its prior work on organizing and promoting the adoption of the ERC1400 token standard and its general push to modernize the security token market. The Polymesh mainnet’s recent development also alters the rules of the game. It is easy to understand why more investors keep moving to the Polymath ecosystem, as the network promises an overwhelming future ahead with its dynamic team and a robust roadmap. However, it is advised to do your own research and conduct investment plans for experts’ opinions before investing in the volatile crypto market.
