January 23, 2020: Paxos Standard (PAX): Up 0.24%; Anomalies In Price And Transfers Added; Price Crosses 20 Day Average

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Paxos Standard: What’s the Latest Regarding its Price?

Paxos Standard is up by approximately 0.24% from the previous day, with its price currently hovering around $1.002 USD. The up day for Paxos Standard yesterday was a reversal from the day before it, which puts its price at 0.14% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Paxos Standard suggest price may bounce between $0.998182 and $1.002918 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top 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 $211 million US dollars.

Unusual Developments

Yesterday, the metrics price and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Daily Engagement Metrics Update

Over the past 24 hours, 7,283 transfers have been added to the blockchain recording transactions amongst holders of Paxos Standard. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard rise by 218. To provide context, we’d rank this token as 2 out of the 30 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 89.2%. 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?

The last activity date on Paxos Standard’s GitHub repository was January 16, 2020, or about 7 days ago. Over the past 30 days, we’ve seen no growth in open issues or in the number of watchers on GitHub. This may suggest GitHub is not being used, or the code is not being maintained.

The Latest on Paxos Standard and Social Media

In the past day, Paxos Standard’s Twitter followers went up by 1, respectively. If you are interested in following Paxos Standard on social media, Twitter, where it has 2,471 following it, may be a good place to start. 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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