POLKACITY launched last year with grand visions of forming an entire interconnected metaverse that replicates an actual physical city.
The platform’s cryptocurrency saw its price soar in the months after it launched, peaking at $2.54 on November 29 last year.
It has since seen a huge drop in price and is currently worth less than when it was originally listed on exchanges.
But what is PolkaCity and how will its price change as it develops in the future?
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What is PolkaCity?
PolkaCity combines cryptocurrency, NFTs, and gaming all in a single platform.
It has a 3D & AR NFT store, an NFT marketplace, and a whole range of in-play features supported by its own cryptocurrency.
Users can even make money from owning non-fungible tokens such as virtual taxis, energy stations, and other commodities.
PolkaCity launched its own native coin, POLC, to finance all elements of the platform.
The platform was first launched as a project in the first quarter of 2021, with developers launching POLC on February 24.
Its private sale sold out in less than a minute with customisable 3D NFT assets released to holders.
It also published a mobile app and a desktop version of its virtual city in which the coins could be used for in-platform purchases.
Owners of commodities on the platform receive weekly payments in interest for holding the NFTs which represent them.
For example, it costs 1,500 POLC to purchase a compact taxi, with the owner then receiving 60 POLC per week plus 16 per cent of the taxi’s earnings per month in return.
Last autumn it also launched its marketplace, where users can trade digital assets.
PolkaCity just recently teased the full metaverse launch as it looks to continue to grow in the months ahead.
Polka City price prediction 2022, 2024, 2024 and 2025
PricePrediction is anticipating strong growth for PolkaCity over the next three years. By the end of 2022 it predicts a price of $0.078. It then forecasts growth to $0.12 in 2023, $0.17 in 2024 and $0.25 in 20205. It believes it could even reach a maximum price of $2.02 in 2030.
However, DigitalCoin is far more cautious in its expectations for the years to come. It anticipates a price of $0.0767 by the end of 2022, $0.0863 in 2023, $0.0867 in 2024 and just $0.11 in 2025. Its maximum price prediction for 2030 is $0.28.
Both PricePrediction and DigitalCoin use historic trading data, including past price and market cap in order to calculate their forecasts.
Where to buy PolkaCity
PolkaCity has been listed on a number of exchanges since it launched.
It can only be purchased using another cryptocurrency on decentralised exchanges.
It means those looking to invest in Polka City must first purchase a coin such as Ethereum to then exchange.
You can buy the cryptocurrency of Bittrex, Gate.io, MXC, BKEX, ZT Exchange, Uniswap and PancakeSwap among others.
Binance and Coinbase, two of the world’s largest exchanges, are yet to list the coin.
How risky is investing in cryptocurrency?
Cryptocurrencies are notoriously volatile in their price and are known to see huge peaks and troughs in price at short notice.
For that reason, it is always worth thoroughly investigating before making an investment.
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