Paypex (PAYX) Analysis

Market Cap

$4,830 USD

Volume (24h)

$30,454 USD

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2.6

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Paypex Markets Rank: 1/100
Volume Ratio

How actively is this asset being traded on the market?

Paypex Volume Ratio Rank: 100/100
Market Cap

The total cost of all coins available.

Paypex Market Cap Rank: 40/100
24h Change

Is the price moving up or down?

Paypex 24h Change Rank: 39/100
Google Trends

How many users are searching for the coin?

Paypex Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Paypex Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

Paypex User Voting Rank: 64/100

Paypex investment analysis

Paypex is using their token PAYX to power their platform through the use of smart contracts on the Ethereum network and basically what they want to accomplish is to address the needs of money transfers in a peer-to-peer system.

Paypex investment is a good one, this is mostly because they are simplifying the concept of cryptocurrencies for daily payments and usages on a peer to peer platform with no fees attached whatsoever. This has a natural tendency to attract investors attention and improve the platform’s performance.

Unlike most traditional payment gateways, the enormous fee charges on transactions are sometimes ridiculous, and thanks to decentralized products like this, digital asset users can confidently rely on the generic peer-to-peer model of business activities without interference from the high cost of transaction processing fees.

The good thing is that they will be at the cross point for all systems needing transactional throughput to include service providers, fraud management systems and other cryptocurrency dependent gateways.

$0.000048

by Safety

by Profit

How to buy Paypex?

To buy Paypex token at the time of this writing might be a bit of a challenge as there are not so many exchange markets currently trading it and more so, the only two exchanges that are trading it are doing so with the ETH pair only. More so, the exchanges are not so popular and might give newbies a tough time.

Unfortunately, this means that when you want to buy PAYX, you would have to sign up on either one of these two particular exchanges if you are not already registered with them and you can ONLY buy using ETH. If you do not already have ETH, you may have to deal with the stress of exchanging BTC or other alt cryptocurrencies to ETH before sending to the exchange and the accompanying transaction fees too might be a biggie.

As for storage options, you are limited to myetherwallet and mist, since PAYX is an Ethereum based asset.

SALT

NEXO

CEL

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ETH

ELA

ETH

ADA

ONT

VTHO

ETC

BNB

DCR

CLOAK

THETA

BAND

MXT

MATIC

XRP

ADA

XLM

TRX

ICX

BAT

ZIL

SKY

Several Paypex analysis and price predictions from various sources have almost sugar-coated the cryptocurrency, however, these speculations surrounding the growth of the asset is not entirely dependent on pump-dump or FOMO inducing caravans. The asset has some intrinsic qualities that may be a means to attract a quality investment pool.

Firstly, the entire design and technicality is a simplified and typical approach to basic cryptocurrency spending. More so, unlike their counterparts with similar proposition who charge commissions when their platform is being used they offer a fee-free payment ecosystem.

All one needs to do is sign up for the wallet, add the token quantity buy purchasing from the exchanges and sending it to the wallet as a form of deposit and from then on the token can be sent as a symbol of digital value. Making it easier for new adopters by lowering entry barrier cost.

This implies that the asset itself is a store of value and is only useful when digital assets like itself are to be used to initiate a transaction.

The token also prides itself as a tradable entity such that, like other cryptocurrency or investment vehicles, people can use it to trade on a consistent basis, whereby the assumption that the token will over time be given more credence as a store of value and adopted by various sectors or industries. More so, this is expected to raise demand and supply of the token which invariably will increase the latent worth of the asset.

To some degree, it would seem that their objectives to create an efficient payment platform that enhances customer experiences and protects the value of their investments and transactions is a worthy cause and is most likely to attract more key players from the payment service industry.

Their platform has a visionary scope of offering their solutions to both individuals and businesses. To invest in PAYX can be considered one of such rare opportunities to bring blockchain closer to a minority group that may have been omitted by other ‘major’ cryptocurrency payment systems. Thereby creating a unique niche since the latter are focused on ‘bigger games’ that circle around big currency players with more sophisticated markets through their complex operations and blockchain protocols (with or without), which could serve as deterrents to other payment-system stakeholders in the mainstream usage.

This investment type should be classed under the long-term prospects because it is largely dependent on mass adoption for the growth and development of the platform.

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