What are the highest and lowest prices in Polymath (POLY) coin history?

The highest price of Polymath's POLY token was $1.84, attained during the 2018 cryptocurrency bull market.

Jan 05, 2025 at 05:34 pm

Key Points:

• Polymath is a decentralized platform for the issuance of security tokens.
• The platform connects issuers with investors and automates the compliance and regulatory processes involved in token issuance.
• The POLY token is the native token of the Polymath platform and is used to pay for gas fees, staking, and voting on governance proposals.
• The highest price of POLY was $1.84, reached on January 10, 2018.
• The lowest price of POLY was $0.002, reached on March 12, 2020.

Detailed Explanation:

Highest Price:

The highest price of POLY was $1.84, reached on January 10, 2018. This was during the height of the cryptocurrency bull market, when the prices of many cryptocurrencies reached all-time highs. The price of POLY was driven up by the excitement surrounding the platform's potential to revolutionize the issuance of security tokens.

Lowest Price:

The lowest price of POLY was $0.002, reached on March 12, 2020. This was during the COVID-19 pandemic, when the prices of many cryptocurrencies crashed. The price of POLY was particularly hard hit, due to the uncertainty surrounding the global economy and the regulatory landscape for security tokens.

Factors Affecting POLY Price:

The price of POLY is affected by a variety of factors, including:

• Overall cryptocurrency market sentiment: The price of POLY is closely correlated with the prices of other cryptocurrencies, such as Bitcoin and Ethereum. When the overall market is bullish, the price of POLY tends to rise, and when the market is bearish, the price of POLY tends to fall.
• Regulatory developments: The regulatory landscape for security tokens is still evolving, and any changes to the regulatory framework could have a significant impact on the price of POLY.
• Platform adoption: The price of POLY is also affected by the adoption of the Polymath platform by issuers and investors. As more issuers and investors use the platform, the demand for POLY should increase, which could lead to a higher price.

FAQs:

• What is the total supply of POLY? The total supply of POLY is 1 billion tokens.
• What is the circulating supply of POLY? The circulating supply of POLY is currently 650 million tokens.
• Where can I buy POLY? POLY can be purchased on a variety of cryptocurrency exchanges, including Binance, Coinbase, and Kraken.