Paxos Standard: What’s the Latest Regarding its Price?
At the time of this writing, Paxos Standard has a price of $1.002 USD, which puts it up by approximately 0.1% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.11% 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 $0.998362 and $1.003438 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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As for Paxos Standard’s market cap, it is currently at about $257M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 1,343 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 77. To provide context, we’d rank this token as 9 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Paxos Standard’s Richest Holders?
The top 1,000 Paxos Standard wallets hold over 99.44% 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 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 08, 2019, or approximately 3 days before. To understand how code development is progressing, we observed the growth rates in the number of open issues and the number of users following Paxos Standard on GitHub; we found no growth in both of those metrics over the past 30 days, suggesting code is either being maintained elsewhere or code development as stopped.
The Latest on Paxos Standard and Social Media
Traders interested in following Paxos Standard has the biggest presence on Twitter, where it has 2,101 users engaged. Here is the Twitter page for Paxos Standard.
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
