January 22, 2020: Paxos Standard (PAX): Down 0.24%; Anomalies 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 $0.9996 USD, down by approximately 0.24% 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 0.11% 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 $0.998442 and $1.002878, based on how price has behaved in the two weeks prior. 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 $216M US dollars.

Unusual Developments

The following metrics showed unusual change over the past 24 hours for Paxos Standard: price. Further investigation may be warranted.

Daily Engagement Metrics Update

Over the past 24 hours, 3,647 transfers have been added to the blockchain recording transactions 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 0. To provide context, we’d rank this token as 2 out of the 31 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Paxos Standard’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 88.65%. As for the Paxos Standard’s smart contract itself, that owns 0.05% of the total money supply, an amount unchanged from the week prior.

How Much Development is Occurring?

Paxos Standard hasn’t had any activity on any of its GitHub repos since January 16, 2020 — 6 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.

The Latest on Paxos Standard and Social Media

Social media growth, in terms of Twitter followers, came in at up 4 over the past day for Paxos Standard. 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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