TenX (PAY) News – TenX (PAY) surges by 16% in last 24 hours

TenX (PAY) is a relatively lesser-known cryptocurrency. It is ranked at the 85th the position by market cap. That is why, even after the recent rise, not many of the investors or traders might have heard about this cryptocurrency. However, in the past 24 hours, it has risen by 16.86%. This clearly indicates that something might be going on in this cryptocurrency.

TenX (PAY) News – TenX (PAY) surges by 16% in last 24 hours:

Currently, TenX (PAY) is trading around $ 0.3015. In the past 24 hours, it has surged by 16.86%. A day earlier, it was trading around $ 0.2576. The market cap a day earlier was around $ 28.17 million. The current market cap is around $ 32.97 million. Thus, it has surged significantly in the last 24 hours.

This has also been reflected in its volumes. Around a day earlier, the volumes were around $ 350,000 currently, the volumes are around $ 700,000. Thus, the volumes have approximately doubled as well. This is one of the main reasons why it has surged significantly. However, when you look at the performance of this cryptocurrency in the last one month, it has been lackluster. A month earlier, it was trading around $ 0.5579. Thus, when you compare those levels, it is still down by approximately 45% from those levels.

It, however, seems like it is finally turning around. If it is able to sustain this momentum, it can increase even more. Since it is a lesser-known cryptocurrency, a lot will also be dependent on whether it is able to sustain the volumes or not. If the volumes increase consistently, it will be able to rise even more. Also, with the relative calmness in the cryptocurrency markets, the conditions are ripe for a bounce back. It remains to be seen whether this is a dead cat bounce or whether it will be sustainable.

TenX (PAY) is aiming to create a cryptocurrency platform which will allow you to easily send and receive top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). It aims to provide you with the easy to use interface in order to do so. It also allows you to spend these cryptocurrencies with the help of a card in the real world. Thus, it is a payment solution which integrates the real world with the world of cryptocurrencies.

With such an up move in the past 24 hours, it remains to be seen whether it is able to sustain the momentum or not.