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.
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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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