Paxos Standard: What’s the Latest Regarding its Price?
At the time of this writing, Paxos Standard has a price of $1 USD, which puts it down by approximately 0.4% 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 a unclear trend, and is currently 0.13% below 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 $0.99845 and $1.00408. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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As for Paxos Standard’s market cap, it is currently at about $259M US dollars.
Paxos Standard’s Surprises of the Day
Since yesterday, Paxos Standard saw anomalous behavior in price and holders added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Over the past 24 hours, 2,741 transfers have been added to the blockchain recording transactions amongst holders of Paxos Standard. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard jump by 238. To provide context, we’d rank this token as 3 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Paxos Standard’s Richest Wallets
The top 1,000 Paxos Standard wallets hold over 99.32% of the token’s total money supply. 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.
How Much Development is Occurring?
Paxos Standard hasn’t had any activity on any of its GitHub repos since October 24, 2019 — 2 days prior. Over the past 30 days, we’ve seen open issues across Paxos Standard’s GitHub repositories grow by 0.03 per day on average, while the number of watchers has grown by 0.07.
What’s Going on Social Media?
If you are interested in following Paxos Standard on social media, Twitter, where it has 2,175 following it, may be a good place to start. Use this link to follow Paxos Standard on Twitter.
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
