Paxos Standard: What’s the Latest Regarding its Price?
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% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Paxos Standard suggest price may bounce between $0.997994 and $1.005906 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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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 $231 million.
Update on Transactions and Holders
1,573 transactions amongst holders of Paxos Standard occurred yesterday. 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 78. To provide context, we’d rank this token as 6 out of the 37 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Paxos Standard Faring?
In terms of wealth concentration, the richest 1,000 wallets own 99.09% of the coin’s total money supply. The underlying smart contract itself for Paxos Standard owns 0.06% of the total money supply; over the past week, this amount has not changed.
How Active are the Software Developers?
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 October 31, 2019, or approximately 14 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 0.07, respectively, over the past 30 days.
Paxos Standard’s Social Media Presence
If you are interested in following Paxos Standard on social media, Twitter, where it has 2,297 following it, may be a good place to start. Use this link to follow Paxos Standard on Twitter.
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Article by SixJupiter