Text

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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ELA

$2.8913

33.56%

Trade Now
VANA

$7.9105

24.67%

Trade Now
BTG

$4.4256

13.33%

Trade Now
IP

$4.5291

12.79%

Trade Now
GCB

$0.1047

10.43%

Trade Now
KAITO

$1.7357

10.02%

Trade Now

Latest Crypto News

30M+ Unique Crypto Tokens and Growing!
2025-02-25 09:10:28
FloppyPepe (FPPE): The AI Token Set to Outperform Bitcoin (BTC) in 2025
2025-02-25 09:10:28
Ethereum’s Pectra Upgrade Goes Live on the Holesky Testnet
2025-02-25 09:10:28
Riot Platforms (RIOT) Produced Fewer Bitcoin (BTC) in 2024 as the Cost to Mine Rose Sharply
2025-02-25 09:10:28
Pepe Coin and PlutoChain ($PLUTO): Two Projects That Could Shape the Future of Blockchain Technology
2025-02-25 09:10:28
Can Nation-States Fight Bitcoin With Their Own PoW Network?
2025-02-25 09:10:28

Related knowledge

What are the long-term investment risks of Bitcoin?

Feb 22,2025 at 05:30pm

Key PointsVolatility and price fluctuationsRegulatory uncertaintySecurity risksCompetition from altcoinsMarket manipulation and scamsTransaction feesEnvironmental concernsLong-Term Investment Risks of BitcoinVolatility and Price FluctuationsBitcoin's high volatility is a double-edged sword. While it has the potential to generate substantial returns, it ...

What are the main contents of Bitcoin's "white paper"?

Feb 21,2025 at 04:36am

Key Points:Understanding Bitcoin's Genesis: The White Paper's IntroductionA Decentralized Digital Currency: Bitcoin's Core ConceptBlockchain Technology: The Foundation of Bitcoin's Immutable LedgerProof-of-Work: Securing Bitcoin's NetworkThe Design of Bitcoin's Currency: Issuance, Scarcity, and DivisibilityBitcoin's Potential Applications and Future Pro...

How does Bitcoin's distributed ledger ensure consistency?

Feb 22,2025 at 10:06pm

Key Points:Bitcoin employs a distributed ledger, also known as a blockchain, to maintain a tamper-proof and consistent record of transactions.The blockchain is a decentralized network of computers that collectively validate and store transaction data.Bitcoin's distributed ledger ensures consistency through consensus mechanisms and cryptographic algorith...

What does the Cryptographic Fundamentals of Bitcoin consist of?

Feb 21,2025 at 12:06pm

Key PointsUnderstanding the cryptographic algorithms used in BitcoinFamiliarization with the Bitcoin blockchain and its underlying mechanicsExamination of the security measures that protect Bitcoin from attackAnalysis of the decentralized nature of Bitcoin and its implicationsDiscussion of the scalability and transaction fee issues associated with Bitco...

What is Bitcoin's relationship with blockchain technology?

Feb 22,2025 at 07:00pm

Bitcoin's Intertwined Relationship with Blockchain TechnologyKey Points:Definition of blockchain technology and its decentralized natureBitcoin's utilization of blockchain for secure and immutable transactionsThe role of blockchain in verifying and confirming transactionsEvolution of blockchain technology beyond Bitcoin's cryptocurrency applicationsUnde...

How is Bitcoin's "double-spending" problem solved?

Feb 23,2025 at 02:54am

Key Points:The double-spending problem refers to the potential for a digital currency transaction to be reversed, allowing the same funds to be spent multiple times.Bitcoin solves this problem through the use of a decentralized blockchain, a public ledger that records all transactions permanently and securely.The immutability and transparency of the blo...