January 6, 2020: Paxos Standard (PAX): Down 0.2%; Anomalies In Holders Added; Price Crosses 20 Day Average


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

Paxos Standard is down by approximately 0.2% from the previous day, with its price currently hovering around $1.001 USD. Paxos Standard enters the day 0.17% below its 20 day moving average, and is experiencing its the 3rd day in a row down. 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 $1.000027 and $1.005373. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

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The market capitalization of Paxos Standard, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $253 million.

Unusual Developments

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

Yesterday saw 11,534 transfers amongst holders of Paxos Standard. Regarding a tally of holders, Yesterday saw Paxos Standard’s wallet count increase by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 7 out of the 32 Ethereum tokens we’re tracking.

Just How Rich are Paxos Standard’s Richest Holders?

The top 1,000 Paxos Standard wallets hold over 98.34% of the token’s total money supply. As for the Paxos Standard’s smart contract itself, that owns 0.06% of the total money supply, an amount unchanged from the week prior.

Technical Development Status

Paxos Standard hasn’t had any activity on any of its GitHub repos since December 23, 2019 — 14 days prior. 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

Social media growth, in terms of Twitter followers, came in at up 12 over the past day for Paxos Standard. Traders interested in following Paxos Standard has the biggest presence on Twitter, where it has 2,446 users engaged. 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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