TenX coin 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% of rewards in the form of PAY tokens. Moreover, all the PAY token holders will be equally distributed 0.5% of the whole payment/processing volume of the TenX platform.
TenX Coin Price Prediction
Tenx had conducted an Initial Coin Offering (ICO) on 24 June 2017. And it was for four weeks.
The price of the sale was 350 PAY tokens per Ether (ETH). The hard cap was set at 200,000 ETH. If the cap is not reached, whatever the amount sold in those four weeks is considered as 51% of the total supply.
And 29% of the tokens are retained by the TenX Coin for community initiatives, business development, market expansion, and education, etc.
The other 20% of the PAY tokens are distributed to the founders, employees, and early investors.
By the end of the token sale, a whopping 80 million USD has been raised at an estimated price of 1 PAY = 0.64 USD at the time of token sale.
PAY Token Metrics
At present (23 Sep 2018), the total supply of PAY is 205,218,256 tokens. And the circulating supply is 109,307,861 tokens. And it is trading at 0.717546 USD at the time of writing.
According to CoinMarketCap, the PAY token is among the Top 100 cryptocurrencies in terms of market cap.
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.
Since the inception, the peak value of tenx coin has been around 4.65 USD, which was during the Dec 2017. And it steadily fell and rose again in May 2018. That time also saw the prices of Bitcoin, Litecoin, and the other major cryptocurrencies have risen.
Then again the downfall was inevitable. But it was slow and slightly alongside with the crypto-market. It tumbled a little up and down since then. However, there were no huge ups or downs.
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 prospect and utility.
However, it will not leapfrog any time soon if at all possible.
For the year 2019, the TenX coin price prediction (PAY) is that it will touch 2.79 USD. But any more than 3 USD is an unlikely event unless the crypto-market’s sate changes rapidly in an upward motion.
And here we wrap up or TenX coin price prediction for 2019.
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