January 21, 2020: Paxos Standard (PAX): Up 0.1%

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How Did Paxos Standard’s Price Fare Yesterday?

Paxos Standard is up by approximately 0.1% from the previous day, with its price currently hovering around $1.002 USD. 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 0.12% above 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 $0.998459 and $1.003181, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting 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 $220M US dollars.

Update on Transactions and Holders

Yesterday saw 4,014 transfers amongst holders of Paxos Standard. 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 98. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 2 out of the 30 Ethereum tokens we’re tracking.

Observing Paxos Standard’s Richest Wallets

The top 1,000 Paxos Standard wallets hold over 90.54% of the token’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 January 16, 2020, or approximately 5 days before. 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.

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. 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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