January 20, 2020: Paxos Standard (PAX): Up 0.01%


How Did Paxos Standard’s Price Fare Yesterday?

Paxos Standard’s current price, at the time of this writing, is $1 USD, up by approximately 0.01% 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 0.09% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.998933 and $1.002917, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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.

The currency’s market cap currently stands at $223 million US dollars.

Update on Transactions and Holders

4,142 transactions amongst holders of Paxos Standard occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard rise by 98. If we observe percentage growth in holders and transfers, we find that Paxos Standard ranks 2 out of the 31 Ethereum tokens we are tracking.

Just How Rich are Paxos Standard’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 93.64% of the coin’s total money supply. The underlying smart contract itself for Paxos Standard owns 0.05% of the total money supply; over the past week, this amount has not changed.

Technical Development Status

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 January 16, 2020, or approximately 4 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.

The Latest on Paxos Standard and Social Media

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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