Paxos Standard Price Update
Paxos Standard is up by approximately 0.3% from the previous day, with its price currently hovering around $1.003 USD. The up day for Paxos Standard yesterday was a reversal from the day before it, which puts its price at 0.3% above its 20 day moving average. Over the past two weeks, price has been in an up trend. 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 $0.997444 and $1.002496, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting 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 $255 million.
Unusual Developments
Since yesterday, Paxos Standard saw anomalous behavior in price and transfers added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Over the past 24 hours, -277,359 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 38. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 34 out of the 34 Ethereum tokens we’re tracking.
Observing Paxos Standard’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 99.43% of the coin’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?
The last activity date on Paxos Standard’s GitHub repository was October 08, 2019, or about 8 days ago. 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.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers, came in at up 15 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. 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
