The fundamental flaw in your argument Antonio, is that you’re comparing tokens when each one of them provide value to the user in a different way. This isn’t like stocks where each one provides equity in a given company.
There is some things PAY has that other tokens don’t have and vice-versa, but that simple truth isn’t enough to make an investment decision.
Perhaps this question will help you understand — if, as stated in the TenX whitepaper, the only monetary benefit for a holder of the token comes from the dividend, any price rise in PAY could only be due to investors considering the 0.5% dividend a good ROI (due only to rising transaction levels)? Again, the token doesn’t give you any equity or anything else, just this dividend.
Hope this helps.