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Will Polymath (POLY) Make a Comeback Soon?

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Polymath
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Monday was a tough day for all crypto enthusiasts and cryptocurrency investors. While bitcoin stayed below $6800, altcoins suffered greatly and therefore the entire cryptocurrency market took a nosedive which remained for the entire day. People are linking the market slump to the recent hack of a small cryptocurrency exchange ‘Coinrail’. But experts believe that the reason was far greater than that. Because of Bitcoin’s price fluctuations, crypto enthusiasts are in the search of better prospects and blockchain projects that are worth investing. Such a project is Polymath which is currently working on security tokens to solve the tug-of-war between regulations and cryptos and hence lower the chances of bloody Mondays happening.

Introduction to Polymath Network

Polymath Network and its idea of creating a security token platform where an individual can hold its token sale for investors are far too unique. The company behind Polymath network is Saint George Barbados-based Software Company which was founded back in 2017. Polymath is the only crypto project which is aiming to create a link between securities and blockchain so as to keep the investments of a crypto trader safe and promote crypto trading by enhancing its security and lowering the risks.

Anybody who has heard of crypto must know that it is yet to be regulated and unless that happens, the whole idea of crypto trading is very risky. Which is why Polymath lets an issuer using Polymath’s platform to create security tokens which are completely regulatory compliance. Their goal is rare and has too many loopholes but there’s no denying the fact that it’s the need of the hour.

Partnership with Open Finance Network

The dire situation of financial markets has caused many fintech companies to consider and even collaborate with blockchain projects. The best part of such projects is the fact that their decentralized and do not rely on third parties. But past some weeks people have come across the news of successful hacking attempt far too many times. It makes a person look for more secure options within the crypto world for trading, storing cryptocurrencies.

Open Finance Network has claimed to be one such platform that brings interoperability to the trading and clearing process with the help of ledger tech. they’ve recently announced a partnership with Polymath Network so that the security tokens of Polymath platform can be listed on OFN.

Polymath Partners with Pegasus Fintech to Launch Real Fan Token & Block Development Token

Pegasus fintech Inc. is a well-known blockchain and token accelerator which backs up new and worthy solutions in the field of technology, financial services, blockchain. Last week Polymath network announced that Pegasus fintech is advising two new projects to launch their security tokens on Polymath network security token platform.

Real Fan Token:

An e-commerce company named Fanblocks.com has come up with the idea to broaden their horizons by launching Real Fan Token as a security offering with the help of Polymath platform. The holders of real fan tokens will receive offers to acquire exclusive deals on fan and much more.

Block Development Token

Block Development Capital Inc. is a mortgage origination corporation which is based in greater Toronto area. The team behind block development has successfully created an asset-backed security token that would generate maturity bonuses while providing recovery features to all the participants of the token.

Current Market Position

Dipping since yesterday, the Polymath network markets finally seem to be moving towards recovery. According to the data on CoinMarketCap Polymath is ranked as 88th biggest cryptocurrency in the entire market with a total market capitalization of $137.6 million approximately. At the time of writing, the individual price of Polymath has gone up to $0.5 with a 3.74% rise. Around $2.7 million worth $POLY has exchanged hands within the past 24 hours.

Final thoughts

Recently, Polymath releases the newest version of Polymath core which would help token issuers to keep up regulatory help if they need it. Fortunately, Polymath network is close to creating a security token platform that allows anyone to tokenize an asset. Everything looks promising about Polymath network, but it’ll take quite some time before Polymath can catch up with the top-10 cryptocurrencies. Investors are waiting for an exemplary security token project to be released soon on Polymath network and reach new heights. Until then Polymath platform will remain focused on regulatory framework and compliance.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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