Polylastic (POLX) crypto: Is it the right time to invest?

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Polylastic (POLX) crypto: Is it the right time to invest?

 Polylastic (POLX) crypto: Is it the right time to invest?
Image source: Teacher Photo, shutterstock.com

Highlights

  • Polylastic is a cryptocurrency that operates on the Binance Smart Chain blockchain network.
  • It's a bunch of dynamic exchange that poses an enormous potential in synthetic assets, elastic finance, derivates, artificial intelligence.
  • According to CoinMarketCap, the POLX was trading at US $0.001465 with a 24-hour trading volume of US $8,047,259.

Polylastic is a cryptocurrency that operates on the Binance Smart Chain blockchain network. At its core, Polylastic is a bunch of indices that will own assets, which is represented by a bunch of smart money. In a way, it's a bunch of dynamic exchanges that pose an enormous potential in synthetic assets, elastic finance, derivates, artificial intelligence.

Polylastic Index tracks the token performance within the ever-evolving Elastic Finance industry (EFi). The index includes the elastic cryptocurrencies, seigniorage tokens, and others, and is weighted on the basis of the value of community support measured by the number of stakers and its market cap.

Also read: How StrikeX crypto is changing market dynamics

Why is Polylastic unique?

Polylastic has cutting-edge technology that sets it apart from its competitors. With a wide variety of indices, which are based on off-risk models, aiding in assessing various risk appetites. Through index investing, it streamlines the process of broadening the exposure to the wider crypto market. Besides, the users can gather knowledge and gain rewards through staking the Polylastic tokens, and they will be rewarded for the index's health. 

Stakers can allot the stake to any index through support and increasing its weight. With this design, the Polylastic network can capture innovation while keeping the community sentiment and capturing the DeFi space's pulse. Polylastic does this with network taxation, which is distributed 3% each amongst the holders, liquidity on DeX and 3% is burned, thereby ensuring the price remains stable.  

Is POLX a good investment for you?

Its native token POLX governs Polylastic is ranked 2748 on CoinMarketCap. According to CoinMarketCap, the POLX was trading at US $0.001465 with a 24-hour trading volume of US $8,047,259. At the time of writing (BST 8:00 am), POLX was up by 71.59% in the last 24 hours, and this is due to the big volume push in the token.

Also read: 'Psychic' Mr Goxx is more than a force to reckon with

POLX token's volume saw significant growth by 265.45% in the last 24 hours. POLX currently has a fully diluted market cap of US $146,548,285 with a total supply of 100,000,000,000 POLX coins. 

Market experts believe that POLX is a good one for a short-term rally but not so profitable in the longer run. It has enjoyed decent rally off late but hasn't been able to sustain it in the long run in the past. Only time will tell how the token performs, but many investors feel that one needs to give the token some time before jumping on to the conclusions. 

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