PAY Profile

PAY
 Crypto
  

 0.0137  0.0004  2.84%   

Market Performance
4 of 100
Odds Of Distress
Less than 36
PAY is trading at 0.0137 as of the 5th of December 2022, a -2.84% down since the beginning of the trading day. PAY has about a 36 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for PAY are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of November 2022 and ending today, the 5th of December 2022. Click here to learn more.
PAY is peer-to-peer digital currency powered by the Blockchain technology. More on PAY
PAY is an internet market maker for p2p online currency indicated as Cryptocurrency. PAY has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as PAY 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 PAY 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.

PAY 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. PAY's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding PAY or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
PAY is way too risky over 90 days horizon
PAY has some characteristics of a very speculative cryptocurrency
PAY appears to be risky and price may revert if volatility continues
PAY 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 7 exchanges in multiple currencies. TenX is a blockchain-based service that focuses on providing user access to a large range of blockchain assets with convenience and security. TenX offers a debit card and accompanying mobile wallet that can be funded with any blockchain asset. The TenX card can be used in almost 200 countries at over 36 million points of acceptance. The TenX token, PAY, allows users to "own" part of the TenX system, as, for every transaction made with the wallet, the token holder receives rewards in Ether.
IndustryFinancial and Insurance Activities
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolPAY
NamePAY
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-07-07
Full NameTenX (PAY)
Asset Website Urlhttps://www.tenx.tech/
Platform Typetoken
Coin NameTenX
Total Coins Mined205.22 Million
Smart Contract AddressView
PAY (PAY) is traded on CRYPTO Exchanges. PAY is peer-to-peer digital currency powered by the Blockchain technology.

PAY's Exchanges and Markets

Bithumb Nuex HitBTC Yobit IDEX Kucoin BigONE

PAY Target Price Odds Analysis

What are PAY's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of PAY jumping above the current price in 90 days from now is about 77.62%. The PAY probability density function shows the probability of PAY crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon PAY has a beta of -1.0415 indicating Moreover, the company has an alpha of 1.016, implying that it can generate a 1.02 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.0137HorizonTargetOdds Above 0.0137
22.28%90 days
 0.0137 
77.62%
Based on a normal probability distribution, the odds of PAY to move above the current price in 90 days from now is about 77.62 (This PAY probability density function shows the probability of PAY Crypto Coin to fall within a particular range of prices over 90 days) .

PAY Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. PAY market risk premium is the additional return an investor will receive from holding PAY long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in PAY. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although PAY's alpha and beta are two of the key measurements used to evaluate PAY's performance over the market, the standard measures of volatility play an important role as well.

PAY Technical Analysis

When it comes to investing in cryptocurrency, such as PAY, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of PAY, which is currently traded at 0.0137, shows everything you need to know about PAY market value. You don't have to consider the fundamental factors that affect a crypto asset, such as PAY, to determine its price movements. However, the PAY's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so PAY's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project PAY's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. PAY Square Root Of Price Series is a mathematical transformation function.
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Be your own crypto manager

Our tools can tell you how much better you can do entering a position in PAY 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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How to invest in PAY

You need to understand the risk of getting into digital currencies such as PAY 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 PAY in four ways:

Buy PAY through an exchange

Get yourself a crypto wallet before embarking on your PAY 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 PAY. 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 PAY through an exchange

You don't have to buy a full token when starting out since PAY 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 PAY through a broker

If you don't want to store your PAY 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 PAY through an exchange-traded fund (ETF)

You can also invest in PAY 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 PAY 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 Your Equity Center. Note that the PAY information on this page should be used as a complementary analysis to other PAY's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Other Tools for PAY Crypto Coin

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