Paxos Standard: What’s the Latest Regarding its Price?
Paxos Standard’s current price, at the time of this writing, is $1.001 USD, down by approximately 0.2% from the day prior. 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 0.03% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.998333 and $1.003007. 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 $249 million.
Straight Off the Chain
Over the past 24 hours, 1,311 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 66. If we observe percentage growth in holders and transfers, we find that Paxos Standard ranks 2.5 out of the 34 Ethereum tokens we are tracking.
Observing Paxos Standard’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 99.4%. As for the Paxos Standard’s smart contract itself, that owns 0.05% 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 October 21, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.03 per day, while the number of followers watching Paxos Standard’s repositories is growing by 0.1.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
