NEW: FREE Web3 Resume Cheat Sheet DOWNLOAD NOW

POLY price prediction 2024-2030: Is Polymath a good investment?

Key takeaways

  • Polymath might reach as high as $1.023 by 2024.
  • Estimates for POLY average price in 2027 range from $0.2862 to $0.3269.
  • POLY’s average price in 2030 will be $0.8931, with a maximum price of $1.07.

Polymath is a specialized blockchain platform that focuses on simplifying the legal process of creating and selling security tokens. It establishes a new token standard (ST20) and enforces government compliance.

Polymath seeks to bring the multi-trillion dollar financial securities market to the blockchain, allowing businesses to issue securities on a decentralized blockchain in a regulatory-compliant manner. This innovation has significant implications for the securities market, potentially increasing the accessibility and liquidity of securities, while also influencing the market value of its native token, POLY. Considering investing in Polymath (POLY)?

Let’s delve into the Polymath (POLY) price prediction, technical analysis, expert opinion and recent updates.

Overview

CryptocurrencyPolymath
AbbreviationPOLY
Current Price$0.07075
Market Cap$65,440,995
Trading Volume$34,271
Circulating Supply924,998,413
All-time High$1.66 (Feb 19, 2018)
All-time Low$0.01075 (Mar 12, 2020)
24-hour High$0.09695
24-hour Low$0.04396

Polymath price prediction: Technical analysis

MetricValue
Volatility (30-day Variation)12.27%
50-Day SMA$0.063355
200-Day SMA$0.094929
SentimentBearish
Fear & Greed27 (Fear)
Green Days14/30 (47%)

Polymath price analysis: POLY exhibits high volatility with sideways trading between $0.092 and $0.100

TL;DR Breakdown

  • Polymath’s price has been fluctuating within a tight range of approximately $0.092 to $0.100
  • The support and resistance for POLY are at $0.08432 and $0.1082, respectively.

The price analysis of Polymath for August 21 shows considerable volatility within a relatively narrow range, fluctuating between $0.092 and $0.100. The token illustrates frequent spikes and dips, with the price dropping below $0.090 before recovering to $0.100. This indicates a market with active trading but no clear directional momentum, as buyers and sellers are in a tug-of-war around the $0.095 level. The price movements suggest that while some buying interest drives the price up to $0.100, it is met with resistance, preventing a sustained breakout. The trend remains sideways, reflecting uncertainty or a consolidation phase within this price range.

Polymath 1-day price chart: POLY consolidates at $0.100 amidst bearish pressure

The 1-day chart for Polymath (POLY) shows relative stability with minor price fluctuations. After a downward trend earlier in the period, the price has found some support around the $0.08432 level.

Polymath 1-day price chart
POLY 1-day chart: TradingView

The Exponential Moving Average (EMA) line is slightly above the current price, at $0.059, indicating that the short-term trend has been bearish. However, the proximity of the price to the EMA suggests there could be potential for a trend reversal if the price moves above this level. The Relative Strength Index (RSI) is at 43.59, indicating that the market is currently neutral.

See also  SNX price prediction 2025-2031: Is SNX a good investment?

Polymath 4-hour chart: POLY trades within narrow range

The 4-hour chart for Polymath (POLY) indicates a period of consolidation after a prior downtrend. The price has been relatively stable, trading within a narrow range around $0.092 and $0.100. There have been minor fluctuations, but overall, the price movement suggests that the market is indecisive, with neither bulls nor bears taking clear control. This sideways trend could indicate that traders are waiting for a significant catalyst to drive the price in a definitive direction.

Polymath 4-hour chart
POLY 4-hour chart: TradingView

The Relative Strength Index (RSI) is at 46.04 is at the neutral mark, indicating a balance between buying and selling pressures. This position suggests that the market is neither overbought nor oversold, aligning with the observed consolidation in price. The Exponential Moving Average (EMA) line at $0.0593 is slightly above the current price, indicating that the short-term trend is still leaning bearish. Still, the close proximity suggests the potential for a reversal if the price can push above the EMA.

Polymath price analysis conclusion

Polymath has experienced significant volatility and prolonged bearish trends, with its price declining from previous highs to stabilizing around $0.100. Despite periods of consolidation and minor recoveries, the overall sentiment has remained cautious, with low trading volumes and minimal investor interest.

Polymath technical indicators: Levels and action

Daily Simple Moving Average

PeriodValue ($)Action
SMA 30.062477BUY
SMA 50.060892BUY
SMA 10 0.057088BUY
SMA 21 0.059512BUY
SMA 50 0.063355BUY
SMA 100 0.06855SELL
SMA 2000.094929SELL

Daily Exponential Moving Average

PeriodValue ($)Action
EMA 30.059613BUY
EMA 50.058534BUY
EMA 100.057861BUY
EMA 210.059302BUY
EMA 500.063199BUY
EMA 1000.072084SELL
EMA 2000.09292SELL

Is Polymath a good investment?

Polymath may offer short-term trading opportunities, its long-term investment potential is questionable given its historical decline. The recent downward trend reflected in the chart further raises concerns about sustained bearish sentiment in polymath prices. Investors should be cautious and consider both the risks and potential for recovery before investing in Polymath. Diversifying and conducting thorough research on the project’s future prospects, including any upcoming developments or partnerships, would be prudent before making any investment decisions.

Will POLY reach $1?

Polymath reaching $1 depends on several factors, including market sentiment, project development, regulatory environment, and broader economic trends.

Will POLY reach $10?

Reaching $10 for Polymath (POLY) would be an ambitious target, requiring extraordinary growth in market cap and adoption, significant technological advancements, and widespread acceptance of security tokens.

See also  NEAR Price Prediction 2025-2031: Insights and Future Trends

Will POLY reach $100?

Reaching $100 for Polymath (POLY) would be an extremely ambitious and unlikely target under current market conditions and technological adoption rates.

Does Poly have a good long-term future?

Polymath has the potential for a good long-term future, particularly due to its focus on the security token market, which is an emerging and growing sector in the blockchain industry.

Polymath price prediction August 2024

The Polymath POLY price prediction for August 2024 suggests that the token will reach a minimum value of $0.0748, a maximum price value of $1.023, with an average trading value of $0.0921 poly token.

MonthPotential Low ($)Average Price ($)Potential High ($)
August 20240.07480.09211.023

POLY price prediction 2024

The price of Polymath is predicted to reach a minimum value of $0.0908, a maximum value of $0.1036 and an average trading price of $0.0940 by the end of 2024.

MonthPotential Low ($)Average Price ($)Potential High ($)
2024$0.0908$0.0940$0.1036

Polymath price predictions for 2025-2030

YearMinimumAverageMaximum
2025$0.1280$0.1327$0.1552
2026$0.1893$0.1947$0.2275
2027$0.2862$0.2940$0.3269
2028$0.4209$0.4356$0.4948
2029$0.6278$0.6453$0.7391
2030$0.8609$0.8931$1.07

Polymath (POLY) price prediction 2025

According to the Polymath price prediction for 2025, POLY could reach a maximum value of $0.1552, a minimum price of $0.1280, and an average price of $0.1327.

Polymath price prediction 2026

For the year 2026, POLY’s price might potentially attain a maximum of $0.2275 and a minimum of $0.1893. The altcoin is expected to trade at an average price of $0.1947.

Polymath price prediction 2027

By 2027, POLY’s market price could reach a maximum of $0.3269, with the minimum expected to be $0.2862. The average forecast price of polymath is $0.2940.

Polymath price prediction 2028

The Polymath price forecast for 2028 indicates that POLY could reach a maximum value of $0.4948 and a minimum value of $0.4209. The predicted average price for the token is $0.4356.

Polymath price prediction 2029

According to the POLY price prediction for 2029, the token could reach a maximum of $0.7391, a minimum price of $0.6278, and an average forecast price of $0.6453.

Polymath price prediction 2030

For 2030, POLY could reach a maximum value of $1.07, a minimum trading value of $0.8609, and an average price of $0.8931.

Polymath price prediction 2024 - 2030

Polymath market price prediction: Analysts’ POLY price forecast

Firm Name20242025
DigitalCoinPrice$0.0748$0.0921
Wallet Investor$0.0769$0.0963
Coincodex$0.080632$1.02

Cryptopolitan’s Polymath price prediction

Our predictions show that POLY will trade between $0.082 – $0.95 by the end of 2024. In 2025, Polymath’s market price will range between $0.10 and $0.13. In 2030, POLY will range between $0.75 and $0.92, with an average price of $0.87. Note that these predictions are not investment advice, seek independent professional consultation.

POLY historic price sentiment

Polymath Price History
POLY price history – Coinmarketcap
  • POLY saw a significant spike in mid-2018, reaching a peak of $1.66, likely driven by launch excitement and market speculation. However, the surge quickly reversed, leading to a sharp decline.
  • From late 2018 to early 2019, the price dropped steeply to around $0.016 as the initial hype faded, resulting in profit-taking and reduced market interest.
  • During 2019 and early 2020, the asset stabilized between $0.01 and $0.05, entering a low-volatility phase with minimal trading activity.
  • In early 2021, the asset surged again, nearing $0.80 amid a broader crypto bull market. Between mid-2021 and 2022, the asset fluctuated between $0.13 and $1.34.
  • From late 2022 to mid-2024, the asset stabilized around $0.10 to $0.25 with occasional spikes. At the moment, POLY is trading between $0.09 to $0.119.

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Subscribe to CryptoPolitan