Poly Coin: A Smart Investment Decision?

Polymath (POLY) is a global platform and the largest security token platform that enables transactions between different parties, including investors, developers, issuers, and service producers. Its native token, also called Polymath, is spent and earned through the process of smart contract creation, issuance, and legal validation. As of May 2024, the current price of Polymath is 0.214 USD, with a 24-hour trading volume of $7,047,822. In this discussion, we will explore the topic 'Is Poly coin a good investment?' by examining the price predictions, growth prospects, and potential risks associated with investing in Polymath.

Polymath's price history and future predictions

Polymath (POLY) is a global platform for investing in and selling security tokens. It was founded in 2017 by Trevor Koverko and Chris Housser. The platform helps companies raise money through blockchain-based security token offerings.

Polymath Price History

Polymath opened in February 2018 at $0.8847 and ended the year at $0.1476. 2019 was a bad year for Polymath, with the price dropping to $0.01965 by the end of the year. Polymath had a better start in 2020, reaching a value of $0.08007 by the end of the year. Polymath started 2021 at $0.08083 and rose to $0.1242, where it has remained steady.

Polymath Price Predictions

According to WalletInvestor, Polymath is a bad long-term (1-year) investment. They predict that the price of Polymath may drop from the current price of $0.0884 USD to $0.00826 USD. They also predict that Polymath will not surpass Bitcoin in the near future.

However, other sources are more optimistic about Polymath's future. One source predicts that Polymath could double its value in the short term, reaching $0.8 in one year. In the long term, an investment of $100 could be worth up to $575 in a few years. Another source, Coin Switch, is even more bullish, expecting Polymath to hit $2.36 in one year and $9.7 in five years.

Overall, while there is potential for Polymath to be a good investment, there are also significant risks involved. Security token adoption is still in its early stages and may take many years to take off. Therefore, Polymath is considered a high-risk investment suitable only for investors with a long-term investment horizon.

Polymath's market cap and ranking

Polymath's market cap has been described as low, which means that the POLY price can be easily manipulated. Its current market cap is $75,282.003, and it is ranked at 188th position.

As of August 2024, Polymath's market cap is $93,740,865 USD, with a circulating supply of 924,998,413 POLY coins. It is ranked at #361.

As of August 29, 2024, Polymath's market cap is $56.97M, with a circulating supply of 925M POLY out of a max supply of 1B POLY. It is ranked at #138 in the Ethereum (ERC20) Tokens sector.

As of August 29, 2024, Polymath's market cap is $2.13T, with a circulating supply of 900M POLY. It is ranked at #599.

Polymath's circulating supply and total supply

Polymath is a global platform that allows users to invest in and sell security tokens. The ST20 token standard is used to ensure compliance with government regulations when issuing digital securities. Polymath also helps to facilitate transactions between different parties, including investors, developers, issuers, and service producers.

As of 2024, Polymath has a circulating supply of 800 million POLY coins and a total supply of 1 billion. The current price of Polymath is 0.214 USD, with a 24-hour trading volume of $7,047,822.

According to some analysts, Polymath is a good long-term investment. An investment of $100 may be worth up to $147.2 in 2029, with a predicted price of 0.315 USD. However, other sources suggest that Polymath is a bad long-term investment due to its low market cap, which makes the POLY price easily manipulatable.

Polymath's safety and where to buy it

Polymath is a global platform that allows users to invest in and sell security tokens. It is considered safe to buy and is available on several exchanges, including Binance, Zengo, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX, Bibox, Poloniex, Uniswap v3 (Ethereum), Indodax, and Bitbns.

To buy Polymath, you will need to find an exchange that sells it, register a new account, fund your account, and then buy Polymath.

Polymath can be purchased with a credit or debit card, and some exchanges allow you to buy it with Bitcoin or other cryptocurrencies.

When buying Polymath, it is important to keep in mind the risks associated with investing in cryptocurrencies. The price of Polymath can fluctuate, and there is a risk of loss. It is also important to do your own research and only invest what you can afford to lose.

Some things to consider when choosing an exchange to buy Polymath include the fees, payment methods accepted, and the reputation of the exchange. It is also important to ensure that the exchange is available in your country, as some exchanges may have geographic restrictions.

• Find a reputable exchange that offers Polymath, such as Binance, Coinbase, or KuCoin.
• Register for an account on the chosen exchange, providing any required personal information and verifying your identity.
• Fund your account using a payment method accepted by the exchange, such as a bank transfer, debit card, or credit card.
• Place a buy order for Polymath, specifying the amount you want to purchase.
• Store your Polymath in a secure wallet, such as a hardware wallet or a software wallet provided by the exchange.

Polymath vs. Bitcoin

Polymath is a global platform that enables users to invest in and sell security tokens. It was founded in 2017 by Trevor, who is also the co-founder of the world's largest security token platform. Polymath provides technology to create, issue, and manage security tokens on the blockchain. The platform has a current market cap of $75,282.003 and is ranked 188th. The current price of Polymath is $0.129155 with a 24-hour trading volume of $7,047,822.

On the other hand, Bitcoin is a cryptocurrency and a worldwide payment system. It is the first decentralised digital currency, as the system works without a central bank or single administrator. Bitcoin can be sent from user to user on the peer-to-peer Bitcoin network, and it can also be exchanged for other currencies, products, and services.

In terms of price predictions, analysts have forecasted a positive trend for Polymath in the future, with the possibility of an increase in the coming years. This prediction indicates that Polymath might be a good investment for making money. In the short term, Polymath could double its value and be worth up to $0.8 in one year. For long-term investments, an initial investment of $100 can be worth up to $575 in a few years.

Bitcoin, on the other hand, has experienced significant price fluctuations since its inception. Its price has ranged from a few cents in 2010 to an all-time high of over $68,000 in November 2021. Bitcoin's price has continued to be volatile, and it is currently valued at around $62,618.85.

When comparing Polymath and Bitcoin, it is worth noting that Polymath aims to make it easy for anyone to launch a security token. Security tokens are similar to traditional assets like stocks or bonds, which are typically regulated. Polymath's platform provides a standard for new tokens (ST-20) to ensure that all transactions and trading are compliant with government regulations. This is in contrast to Bitcoin, which is unregulated as it has no central control.

In terms of investment potential, both Polymath and Bitcoin offer opportunities. Polymath is predicted to have steady growth without significant leaps in the coming years. On the other hand, Bitcoin has experienced more volatile price movements and has the potential for larger gains or losses.

In conclusion, Polymath and Bitcoin are distinct in their nature and offerings. Polymath focuses on providing a platform for issuing and managing security tokens, while Bitcoin is a decentralised digital currency. Both have their own advantages and investment considerations, with Polymath potentially being a good option for those seeking a more regulated and stable investment, and Bitcoin offering a more volatile and speculative opportunity.

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