December 2, 2019: Paxos Standard (PAX): Down 0.6%; Surprising Moves In Price; Price Crosses 20 Day Average

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Paxos Standard Price Update

Paxos Standard’s current price, at the time of this writing, is $1 USD, down by approximately 0.6% 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 0.25% below 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 $0.998435 and $1.006565, based on how price has behaved in the two weeks prior. 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 $220 million US dollars.

Paxos Standard’s Surprises of the Day

Yesterday, the metrics price 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

Yesterday saw 1,196 transfers amongst holders of Paxos Standard. Regarding a tally of holders, Yesterday saw Paxos Standard’s wallet count rise by 66. To provide context, we’d rank this token as 7 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Paxos Standard’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 100.36% of the coin’s total money supply. As for the Paxos Standard’s smart contract itself, that owns 0.06% 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 November 25, 2019 — 7 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0 per day, while the number of followers watching Paxos Standard’s repositories is growing by -0.03.

What’s Going on Social Media?

Traders interested in following Paxos Standard has the biggest presence on Twitter, where it has 2,335 users engaged. You can follow Paxos Standard on Twitter here.

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

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