It is expensive to operate an exchange and their 6000 employees are paid well - including the CEO who earns $15 million per year. Most of the company’s income is from securities transaction fees so it could be a useful model to compare with Polymath.Īt NDAQ, they take in revenues of $5B/year - mostly from transaction fees (gas). Over $20T of securities are traded on NASDAQ. Probably way more honestly.Ī $30B market cap would make POLYX the size of NDAQ, the corporation that operates the second largest US stock exchange: NASDAQ. So overall, with the solid fundamentals, that backing from Hoskinson, and the direction the whole world and cryptocurrency are moving in right now, I believe there's nothing stopping this thing from at least hitting $30-$35 within the next 5 years. I also think the stock market is extremely flawed today with loads of corruption and other bs, and I think Polymath offers a solution to all of that. Polymath is clearly the leader and the first mover. I think I read somewhere that Tezos does but I couldn't find more about that.
I think long-term this will happen because this is the first blockchain designed for security tokens, it was made with the help of Charles Hoskinson (that's enough for me already), and I don't know of any other cryptos doing security tokens. People need to get interested and start using it. Yes, a lot must happen to drive the price up that much. We are just at the beginning of crypto adoption right now, so with all these other coins at these market caps, I don't see why Polymath wouldn't follow along and later reach AT LEAST a $30B market cap. Even Dogecoin has a $30B market cap today. Why might the market cap reach $30B? Well today, Bitcoin's is over $1T, Ethereum's is around $500B, and you even have smaller altcoins like Cardano and Solana both with around $60B market caps. This is pretty rough math but hey, I think anywhere in that range even is more than enough gains for me. With a supply of 1B, if Polymath's market cap were to reach $30B, then the coin would be worth $30. I know in the whitepaper it mentions that the supply will not be fixed and will increase to fund block rewards, but I don't think this should affect my calculations too much. To keep it simple let's use the max supply which will be 1B. So, in light of spreading positivity about Polymath, I thought I'd throw this on here and explain basically why I'm in this:Īt this moment, there are 761.7M POLY circulating at a price of $0.69, with a market cap of ~$524.0M.
Found a lot of short-term predictions, and also a lot of people mentioning there is too much negativity here. Looking through this subreddit I couldn't find many long-term price targets.