FXP Profile

FXP
 Crypto
  

 0.0006  0.00  0.00%   

Market Performance
0 of 100
Odds Of Distress
Less than 50
FXP is trading at 6.03E-4 as of the 26th of November 2022, a No Change since the beginning of the trading day. FXP has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for FXP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
FXP is peer-to-peer digital currency powered by the Blockchain technology. More on FXP
FXP is a market place for p-2-p internet money denominated as Cryptocurrency. FXP has been traded in the last 3 months, but is now not active. Cryptocurrencies such as FXP are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as FXP are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

FXP Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. FXP's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding FXP or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
FXP generated a negative expected return over the last 90 days
FXP has some characteristics of a very speculative cryptocurrency
FXP is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. Based in the UK, FXPay is a payment platform for the Forex Industry. It provides the users from Forex (traders, investors, liquid providers) a payment gateway system by providing a tool in a form of a token (FXP). By implementing this token usage on the Forex Market, users can perform transactions reducing the associated fees to 0.5%.The FXP token is an Ethereum-based (ERC-20) cryptocurrency. It is the utility token that gives meaning to the platform, works as a gateway that allows users to convert their Forex market funds into FXP tokens.
SymbolFXP
RatingE-
Technology Adoption RatingE-
NameFXP
Sponsoredfalse
Built OnETH
Is Tradingtrue
Asset Launch Date2018-06-28
Full NameFXPay (FXP)
Asset Website Urlhttps://fxpay.io
Asset Token StatusFinished
Platform Typetoken
Coin NameFXPay
Total Coins Mined473.98 Million
Smart Contract AddressView
FXP (FXP) is traded on CRYPTO Exchanges. FXP is peer-to-peer digital currency powered by the Blockchain technology.

FXP's Exchanges and Markets

IDEX

FXP Against Markets

Picking the right benchmark for FXP crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FXP crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FXP is critical whether you are bullish or bearish towards FXP at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in FXP without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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How to invest in FXP

You need to understand the risk of getting into digital currencies such as FXP before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in FXP in four ways:

Buy FXP through an exchange

Get yourself a crypto wallet before embarking on your FXP journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase FXP. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of FXP through an exchange

You don't have to buy a full token when starting out since FXP is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade FXP through a broker

If you don't want to store your FXP Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in FXP through an exchange-traded fund (ETF)

You can also invest in FXP through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having FXP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Please check Investing Opportunities. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Tools for FXP Crypto Coin

When running FXP price analysis, check to measure FXP's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy FXP is operating at the current time. Most of FXP's value examination focuses on studying past and present price actions to predict the probability of FXP's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move FXP's coin price. Additionally, you may evaluate how adding FXP to your portfolios can decrease your overall portfolio volatility.
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