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Polymesh

Polymesh pricePOLYX

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Polymesh price calculator

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POLYX
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1 POLYX = 0.4081 USD
Last updated 2024-04-25 14:06:57(UTC-0)

Polymesh price live data summary

The live price of Polymesh is $0.4081 per (POLYX / USD) today with a current market cap of $344.58M USD. The 24-hour trading volume is $58.71M USD. POLYX to USD price is updated in real time. Polymesh is -9.37% in the last 24 hours. It has a circulating supply of 844,300,600 .

What is the highest price of POLYX?

POLYX has an all-time high (ATH) of $0.7547, recorded on 2024-03-31.

What is the lowest price of POLYX?

POLYX has an all-time low (ATL) of $0.09918, recorded on 2023-06-14.

Polymesh price prediction

Set your prediction

When is a good time to buy POLYX? Should I buy or sell now?

When deciding whether to buy or sell POLYX, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget POLYX technical analysis can provide you with a reference for trading.
According to the POLYX 4h technical analysis, the trading signal is Strong sell.
According to the POLYX 1d technical analysis, the trading signal is Sell.
According to the POLYX 1w technical analysis, the trading signal is Buy.
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Polymesh price performance in USD

24h7d30d90d1yAll-time
-9.37%-4.26%-33.26%+153.41%+110.33%--

Polymesh price history in USD

TimeLowHigh
24h$0.3980$0.4525
7d$0.3980$0.5038
30d$0.3312$0.7547
90d$0.1467$0.7547
1y$0.09918$0.7547
All-time$0.09918(2023-06-14, 316 days ago )$0.7547(2024-03-31, 25 days ago )

Polymesh market information

Market cap
$344,584,059.91
-9.37%
Fully diluted market cap
$426,779,093.96
-9.37%
Volume (24h)
$58,707,183.47
-19.56%
Market rankings
Circulation rate
+80.00%
24h volume / market cap
0.1703
Circulating supply
844,300,600 POLYX
Total supply / Max supply
1.05B POLYX
-- POLYX

Polymesh ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Polymesh Social Data

In the last 24 hours, the social media sentiment score for Polymesh was 1, and the social media sentiment towards Polymesh price trend was Bearish. The overall Polymesh social media score was 53,939, which ranks 569 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Polymesh being mentioned with a frequency ratio of 0.01%, ranking 544 among all cryptocurrencies.

In the last 24 hours, there were a total of 289 unique users discussing Polymesh, with a total of Polymesh mentions of 82. However, compared to the previous 24-hour period, the number of unique users decrease by 13%, and the total number of mentions has decrease by 5%.

On Twitter, there were a total of 1 tweets mentioning Polymesh in the last 24 hours. Among them, 0% are bullish on Polymesh, 100% are bearish on Polymesh, and 0% are neutral on Polymesh.

On Reddit, there were 40 posts mentioning Polymesh in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 3% . Additionally, there were 0 comments mentioning Polymesh. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
1
Social score(24h)
53.94K(#569)
Social contributors(24h)
289
-13%
Social mentions(24h)
82(#544)
-5%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
0%
Bearish
100%
Reddit
Reddit score(24h)
30
Reddit posts(24h)
40
+3%
Reddit comments(24h)
0
0%

About Polymesh(POLYX)

What Is Polymesh (POLYX)?

Polymesh is a blockchain network that caters to regulated assets and is designed for institutional use. By resolving issues around governance, identity, compliance, confidentiality, and settlement within public infrastructure, Polymesh simplifies outdated processes and enables new financial instruments. The network's native token, POLYX, is utilized for staking and securing the system, as well as for transaction fees and governance participation.

What Is Polymesh Built For?

Polymesh's blockchain infrastructure was designed to seamlessly integrate crucial features like governance, identity management, compliance, confidentiality, and deterministic finality.

What Is POLYX Used For?

In the Polymesh network, POLYX is used to incentivize node operators to maintain the network's consensus. Every 24 hours, new node operators are selected to the Nominated Proof-of-Stake (NPoS) validator pool and rewarded with POLYX, along with stakers. Besides, POLYX is also used by node operators and stakers to stake in the initial action required to occupy positions in the network design. Additionally, POLYX is used as a governance token, staked by holders to participate in the network's governance model. The network has on-chain governance, which enables a council of key stakeholders to resolve any issue quickly. The price of POLYX is influenced by various factors such as network usage, other processes, trade, and open cryptocurrency market influences.

How Does Polymesh Work?

Polymesh is a blockchain network that offers unique financial primitives, allowing users to operate the blockchain with minimal fixed costs. It also provides developers the opportunity to create decentralized applications (dApps) on the platform. Polymesh aims to address several critical concerns, including rule enforcement, identity verification, regulatory compliance, data privacy, and transaction finalization. The project seeks to overcome the limitations of Ethereum and other general-purpose blockchains that may hinder the acceptance of security tokens by industries and institutions, as stated in Polymesh's whitepaper.

What Makes Polymesh Unique?

Polymesh is a blockchain network that focuses on regulated assets, using the ERC-1400 standard proposed by Polymath to balance global accessibility and regulatory compliance. Unlike other blockchains that use public key systems, Polymesh employs identities that offer a more comprehensive and secure approach. These identities grant authorized authorities universal permissions across the network, enabling secure recording of token transfers without the need for third-party verification. Polymesh also ensures token holder privacy during voting processes while maintaining transparency through its ‘’Corporate Governance’’ feature, reducing the risk of manipulation and ensuring fair voting. In addition to security tokens, Polymesh supports stablecoins issued by authorized third parties, which are pegged to various currencies and facilitate cost-effective on-chain activities and efficient cash distributions.

How Is the Polymesh Network Secured?

Polymesh's consensus mechanism is based on nominated proof-of-stake, which encourages node operators and stakers to work together to guide the network's growth. Staking helps to secure the network by aligning the interests of both parties through rewards and penalties in POLYX. This mechanism determines block addition, roles, rules, and incentives. Stakers, who are verified POLYX holders, support their preferred node operators with POLYX, and both parties receive rewards or fines based on the node operator's compliance with Polymesh rules and maintaining their node.

Who Are the Founders of Polymesh?

The team leading the Polymesh Association is made up of various heads, including Chris Housser (Head of Strategy), Adam Dossa (Head of Blockchain), Graeme Moore (Head of Tokenization), William Vaz-Jones (Head of Partnership Development), Robert Jakabosky (Head of Applied Blockchain Research), Francis O’Brien (Head of Developer Relations), and Nick Cafaro (Head of Product).

How to buy Polymesh (POLYX)

Buying Polymesh on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Polymesh (POLYX) .

Trade POLYX perpetual futures

After having successfully signed up on Bitget and purchased USDT or POLYX tokens, you can start trading derivatives, including POLYX futures and margin trading to increase your income.

The current price of POLYX is $0.4081, with a 24h price change of -9.37%. Traders can profit by either going long or short onPOLYX futures.

Join POLYX copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or POLYX tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Polymesh.

What is the current price of Polymesh?

We update our Polymesh to USD price in real time. Get the live Price of Polymesh on Bitget.

What is the 24 hour trading volume of Polymesh?

Over the last 24 hours, the trading volume of Polymesh is $58.71M.

What is the all-time high of Polymesh?

The all-time high of Polymesh is $0.7547. This all-time high is highest price for Polymesh since it was launched.

Can I buy Polymesh on Bitget?

Yes, Polymesh is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Polymesh guide.

Can I get a steady income from investing in Polymesh?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Polymesh with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Polymesh online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Polymesh, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Polymesh purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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POLYX resources

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