PolyX Skyrockets Over 70% Following Binance’s Announcement as Major Node Operator
- Polymesh (PolyX) price surges over 70% in a day.
- Binance announced its participation as a major Polymesh node operator.
The price of PolyX, the native token of Polymesh, experienced a significant price surge rising over 70% reaching a new all-time high of this year. According to CoinMarketCap, the PolyX price is trading at $0.28 with a 24-hour trading volume of $647,733,194, at the time of writing.
Reason for PolyX Price Surge
The price surge came after Binance announced its participation as a major Polymesh node operator. In addition, this news sparked excitement among investors and enthusiasts, who see it as a strong validation of Polymesh’s potential as a secure and compliant blockchain platform for security tokens.
Moreover, Polymesh is a purpose-developed blockchain designed for the issuance, trading, and management of security tokens. Unlike other blockchain platforms, Polymesh is built specifically to meet the regulatory requirements of the securities industry, with features such as identity management, compliance tools, and role-based access control. Notably, this makes it an attractive option for companies looking to issue security tokens and comply with securities regulations.
Notably, Binance’s participation as a major Polymesh node operator is a significant development for the Polymesh ecosystem. Furthermore, as a node operator, Binance will help secure the Polymesh network and validate transactions on the blockchain. More so, Binance’s reputation and expertise in the cryptocurrency industry. Also bring credibility and visibility to the Polymesh project, potentially attracting more users and investors to the platform.
All-in-all, the surge in PolyX’s price is a reflection of the excitement and optimism surrounding the Polymesh project. And its potential to revolutionize the securities industry. Moreover, as the Polymesh ecosystem continues to grow and mature. PolyX will be interesting to see how the price of PolyX and the adoption of the platform evolves.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
