Polymesh is a special kind of computer network that is designed to securely manage valuable assets that are regulated by laws and regulations. It makes it easier to handle these assets and creates new opportunities for financial products.
Yes, Polymesh Polyx has a moderate to high chance of reaching $10. Read on.
For Polymesh to reach $10, it would need to increase by a factor of 59. At $10, Polymesh’s Market Cap will be $7.6 billion. If Polymesh were to grow at a rate of 25% each year, it would take about 19 years to reach $10. Let us evaluate this data
Polymesh Price Prediction: Read on to know Polymesh’s price prediction for 2023, 2025 and 2030. Will Polyx reach $10
Total Number of Holders: 4,261 (+54 in 7 days). Retail Investors hold about 8.3% of the Circulating supply(Rising)
| Last 7 Days | +13.2% |
| Last 1 Month | -3.8% |
| Last 12 Months | -8.5% |
| Since Launch (2022) | -22.2% |
UTC: Feb 23rd, 2024 12:28 AM
UTC: Feb 23rd, 2024 04:14 AM
| Overall Outlook | Partially Bearish |
| 1. Market’s Wisdom | Partially Bearish |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Sell |
| 2. Crowd’s Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
Considering the criteria Quality of Investment, growth required, and time required, Polymesh has a moderate chance of reaching $10.
Simply put, Polymesh is a blockchain network designed specifically for regulated financial assets. It aims to address the limitations of existing public blockchain infrastructure by providing enhanced security, privacy, and compliance features tailored to the needs of regulated financial markets.
Polymesh specializes in the tokenization of real-world assets, offering a significant alternative to traditional financial systems with the potential to impact over USD 800 trillion in markets. It features native support for both fungible and non-fungible tokens and is interoperable with other Substrate-based blockchains. The platform ensures transparency and enables complex compliance rules to be embedded into asset tokens. Additionally, it provides liquidity to assets that are traditionally illiquid and opens the door to new financial products, all while prioritizing security through its identity system and compliance engine.
Polymesh is particularly applicable in sectors like real estate, private equity, and carbon credits, where it can democratize investment access and bring efficiency, security, and transparency. Employing advanced cryptographic techniques, it ensures the confidentiality of sensitive information such as trade details and personal identity. It also offers efficient, secure trade settlement. Designed for seamless interoperability, Polymesh facilitates effortless integration and asset transfers between its own network and other blockchain networks as well as traditional financial systems.
Example:
REtokens is partnering with Polymath to launch a tokenized real estate project on Polymath’s Capital Platform, which is built on the Polymesh blockchain. The platform will allow property owners and investors to raise capital, increase equity, and refine investment strategies, all within a compliant and secure blockchain environment. Tokenization is revolutionizing real estate investment by reducing barriers to entry, widening the available investor base, and bringing liquidity to traditionally illiquid assets via fractionalization.
The Polymesh blockchain provides the necessary security, compliance, and support for the initiative, aligning with both REtokens’ and Polymath’s focus on innovation and security.
Polymesh has released version 6.0, offering several enhancements such as the introduction of child identities for easier identity management, moving NFTs to full production, and the concept of affirmation-exempt assets for simplified transactions. Additionally, improvements in settlement options and the removal of “sudo” permissions for increased decentralization are notable. A new version of the Polymesh Ledger App is needed for compatibility, and an audit by SRLabs ensures code integrity. Upstream updates keep Polymesh aligned with Substrate ecosystem changes.
Latest Polymesh Report
Polymesh celebrates its second anniversary with significant enhancements including updates to version 6.0, which introduced a myriad of new features like stablecoins and NFTs, along with user interface improvements like the Polymesh Portal and Governance Explorer.
The Polymesh ecosystem has expanded to include over 4,100 unique users and 40+ entities, including major companies as node operators like Binance and Korea Digital Asset Custody. Several collaborations and partnerships have advanced Polymesh’s role in tokenization projects and extended its reach into new sectors like South Korea’s K-culture and real estate investment. The network has seen increased adoption, as evidenced by the large amount of POLY converted to POLYX and the 421M POLYX staked, indicating strong community support.
Upcoming plans include the closure of the POLY:POLYX Upgrade Bridge in January 2024, reflecting the network’s confidence in its POLYX utility.
POLYX is the native protocol token of the Polymesh blockchain network. The following are the primary use cases of the POLYX token:
The primary purpose of Polymesh is to provide an institutional-grade, permissioned blockchain network specifically designed for regulated financial assets. Thus, considering its use cases and other features, POLYX appears to be a moderate case for investment.
Also Read: Hifi Finance Price Prediction
POLYX tokens can be purchased from numerous centralized crypto exchange platforms, such as Binance, Gate.io, Huobi, CVrypto.com Exchange, and Upbit.
~Charu Taneja
Collateral Network Price Prediction
Note: 0 collates Predictions and data from all over the net and has no in-house view on the likely trends in Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
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