Paxos Standard Price Update
Paxos Standard’s current price, at the time of this writing, is $1.002 USD, down by approximately 0.1% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 1.09% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Paxos Standard suggest price may bounce between $0.876752 and $1.149348 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $242 million US dollars.
Unusual Developments
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
-388,898 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 86. To provide context, we’d rank this token as 31 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Paxos Standard Faring?
In terms of wealth concentration, the richest 1,000 wallets own 99.12% of the coin’s total money supply. Paxos Standard’s smart contract owns approximately 0.05% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
In terms of how active the software development team working on Paxos Standard is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on December 11, 2019, or approximately 8 days before. Over the past 30 days, we’ve seen open issues across Paxos Standard’s GitHub repositories grow by 0 per day on average, while the number of watchers has grown by -0.03.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Paxos Standard on Twitter.
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
