How Did Paxos Standard’s Price Fare Yesterday?
Paxos Standard’s current price, at the time of this writing, is $1.003 USD, down by approximately 0.1% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.14% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Paxos Standard imply the currency may oscillate between $0.998381 and $1.004879, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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The market capitalization of Paxos Standard, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $250 million.
Straight Off the Chain
1,686 transactions amongst holders of Paxos Standard occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Paxos Standard has gone up by approximately 90. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 5 out of the 35 Ethereum tokens we’re tracking.
How are the Strong Holders of Paxos Standard Faring?
In terms of wealth concentration, the richest 1,000 wallets own 99.19% of the coin’s total money supply. As for the Paxos Standard’s smart contract itself, that owns 0.05% of the total money supply, an amount unchanged from the week prior.
Technical Development Status
Paxos Standard hasn’t had any activity on any of its GitHub repos since October 31, 2019 — 5 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Paxos Standard are growing by 0 and 0.07, respectively, over the past 30 days.
What’s Going on Social Media?
Traders interested in following Paxos Standard has the biggest presence on Twitter, where it has 2,234 users engaged. Here is the Twitter page for Paxos Standard.
Where to Buy
You can trade Paxos Standard, listed under the symbol PAX, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
