Polymesh (POLYX)Polymesh (POLYX)
Polymesh stands out as a blockchain tailored for regulated financial instruments such as securities, bonds, and ETFs. It bolsters liquidity in markets that are typically less fluid by adhering to regulatory norms.
Currently priced at $0.26 Polymesh has a live market capitalization of $224.7 Million and ranks 222nd in the overall crypto market. The volume to market capitalization ratio is 7.06% suggesting low volatility in the crypto.
The daily POLYX/USD chart highlights that the price has been under a strong selling pressure in the recent sessions after the breakdown below the 200 day EMA. On the lower side, the $0.232 level may act as support from where the price may possibly rebound.
