Polymarket is valued 10x higher: Here's the reasons!

Advertisement / Advertising

According to a report by Business Insider, the valuation of the decentralized InfoFi platform Polymarket could be ten times higher than previously thought. In the following article, we'll analyze in more detail what analysts consider realistic and how you can profit from this.

As recently as this summer, Polymarket was expected to be valued at USD 1 billion , following a USD 200 million financing round in June with investors including Peter Thiel. This also helped Polymarket gain greater credibility.

At the time, the volume and user growth associated with the US election were particularly highlighted. In this context, it has also gained a reputation as a neutral information platform where users strive to find the truth and, if they place the right bet, receive a profit.

The US election, in particular, led to record trading volumes at the time, which helped the platform gain attention far beyond the crypto market . For example, more and more traditional investors have also turned to Polymarket as an additional source of information for their analyses. After all, it provides interesting and generally more neutral statistics on many important issues, complementing data collected from surveys.

Particularly important for Polymarket's higher valuation was the no-action letter from the CFTC, which partially enabled Polymarket to offer its services in the important and capital-rich US market again after the InfoFi platform was banned in 2022. The acquisition of the US-licensed derivatives exchange QCX/QCEX was an important step in this direction.

https://twitter.com/WatcherGuru/status/1966561064641802415

Investors expect significantly higher revenues from entering the US market. These revenues can be generated not only from the platform itself, but potentially also from data exploitation, partnerships, market fees, and more . Therefore, some term sheets have high valuations of USD 9 to 10 billion.

During the US election, Polymarket achieved a monthly volume of up to USD 3.97 billion . Recently, however, this figure has fallen to just USD 664,000 to 800,000 per month . Likewise, the number of daily active wallets has decreased from up to 72,625 to around 22,000 to 30,000. According to DeFiLlama , Polymarket ranks 37th among all DeFi protocols.

Polymarket volume | Source: Dune - @filarm

However, there is currently no way for retail investors to invest in Polymarket. After all, the platform does n't have a coin or stock . Instead, access is reserved only for large venture capital funds and wealthy investors. However, there are several other exciting InfoFi projects, such as Kaito and other new cryptocurrencies, that have quickly generated considerable enthusiasm.

The cryptocurrency market is flooded with thousands of new coins every day, so it can sometimes be difficult for investors to find the best ones before most others, especially when they're still particularly cheap and offer the greatest upside potential.

For this reason, the team behind the advanced self-custodial Best Wallet , recently recognized by WalletConnect, has developed a token screener that showcases some of the best new coins early on . Many of them have provided investors with significant gains of 700% and 7,000%, such as Pepe Unchained and Catslap.

Furthermore, it's the only wallet with special features for crypto presales. This allows purchases to be reflected in your portfolio before the market launch and allows for easier and more secure token claiming . It's also equipped with a range of the most useful and widely used crypto tools.

Starting with a powerful infrastructure with over 330 DeFi protocols and 30 cross-chain bridges, very low fees and high execution speed are achieved. Yields can also be increased through the staking aggregator , which provides passive income for cryptocurrencies .

You can also purchase cryptocurrencies with more than 100 fiat currencies directly through the app, offering various providers so you can always choose the best option for you. The same applies to security, with a variety of advanced security mechanisms .

Furthermore, you can exchange cryptocurrencies directly and decentrally , thus avoiding the expensive and time-consuming process of using additional services such as centralized crypto exchanges . Great emphasis has been placed on the user experience from the very beginning to promote cryptocurrency adoption.

Some are already calling Best Wallet the realized version of the super app from World Liberty Financial, a company close to the Trump family . Although it has no direct connection, Best Wallet, with its low valuation, has already achieved a lot and is usable, while the $20 billion WLFI coin is still primarily a vision.

If the valuation approaches, investors could enjoy a price gain of around 100x . Given the numerous revenue streams of the extensive value coins, this seems to offer an excellent foundation . Add to that the team's ambition and continuous development. Best of all, however, there's one coin that's still in presale.

Visit Best Wallet now!

Investing is speculative. Your capital is at risk when investing. This website is not intended for use in jurisdictions where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. Therefore, please conduct your own due diligence. This website is provided to you free of charge; however, we may receive commissions from the companies we feature on this website. Furthermore, the author may be personally invested in the assets, which could create a conflict of interest.