January 15, 2020: Paxos Standard (PAX): Up 0.05%; Surprising Moves In Holders Added

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Paxos Standard Price Update

Paxos Standard is up by approximately 0.05% from the previous day, with its price currently hovering around $0.9997 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.16% below its 20 day moving average, and is currently in a down trend over the past 14 days. Paxos Standard’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.998678 and $1.004002. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

Get your analysis of Paxos Standard (PAX) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

As for Paxos Standard’s market cap, it is currently at about $232M US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics holders 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

3,721 transactions amongst holders of Paxos Standard occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard increase by 225. To provide context, we’d rank this token as 6 out of the 29 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?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 97.84%. Paxos Standard’s smart contract owns approximately 0.05% of its own total money supply. This amount hasn’t changed over the past week.

Technical Development Status

The last activity date on Paxos Standard’s GitHub repository was December 23, 2019, or about 23 days ago. 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 0.03, respectively, over the past 30 days.

Paxos Standard’s Social Media Presence

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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

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