TenX Coin Price Prediction for 2019
TenX is popular for its Crypto Debit Card. It also has a wallet that accommodates the popular cryptocurrencies Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). TenX coin has its own cryptocurrency named PAY. Later in this article, we analyze TenX Coin price prediction (PAY), and we will do a TenX coin review.
Owning PAY tokens are using TenX debit card has some perks. For every purchase made with the TenX Visa debit card, you can earn 0.1 percent of rewards in the form of PAY tokens. Moreover, all the PAY token holders will be equally distributed 0.5 percent of the whole payment or processing volume of the TenX platform.
TenX Coin ICO
TenX had conducted an Initial Coin Offering (ICO) on 24 June 2017. The ICO went on for about four weeks raising $80 million (245,832 ETHs) selling all tokens (PAY) on offer. By all accounts, it was a successful ICO raising $34 million in the first seven minutes highlighting how investors saw the need of a protocol that would aid in moving funds across chains.
PAY Token Metrics
At present (Dec 13, 2018), the total supply of PAY is 205,218,256tokens. And the circulating supply is 114,347,861 PAY tokens. And it is trading at 0.344 USD at the time of writing.According to data, the PAY is the 77th most valuable coin in the space with a market cap of $41.36 million.
PAY Token Wallets
TenX coin is an ERC20 compliant token. So, you can use popular ERC20 token wallets like MyEtherWallet, Jaxx, and IMToken.The TenX wallet itself does not support ERC20 tokens yet. So, you can’t store PAY tokens with the official TenX wallet.
TenX Price Prediction for 2019
The future of cryptocurrencies is clear. That they are useful and at the same time the hype factors are slowly becoming weaker and weaker. In December 2017, the crypto-market was on full swing upwards as more and more people rushed to own some Bitcoin (BTC) or other popular cryptocurrencies.
But slowly the strength of hype in pulling the prices up has been declining since then. And with that, the infamous price manipulators, the whales as they so called, seem to have liquidated their crypto-assets. But just hanging with some small volumes of cryptocurrency.So, it would be a surprise if we were to see a leap in the crypto-market again.
That said, PAY token has good utility value but the prospects of a sudden upsurge in the short-term are pretty grim. Hopes of late year stabilization did not bear fruit as coin prices declined further in the last quarter of 2019. Therefore, the first quarter of 2019 will likely be a stabilizing period as the coin markets stabilize. A high of $0.5 will be a success for this period.
Going further, TenX prices will depend strongly on the fortunes of the general coin market. In the event of a bull market, the price can go north of $1 within the next financial year. This is a tepid prediction based on the tumultuous events of 2018. However, there is always the prospect of a significant pick up but it is only then can an-overoptimistic prediction be justified.
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Cryptocurrencies are highly volatile, and are hard to predict. Please do a thorough analysis and research before proceeding further. Consult a financial advisor if possible. Note that we are not at all responsible for any decisions you make from reading this article or blog post. All statements and view expressed here are forward-looking. And they do not solicit any financial advice.In some jurisdictions, trading or possessing cryptocurrencies is illegal or limited by the law. Please be careful.
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