October 8, 2019: Paxos Standard (PAX): Up 0.1%


Paxos Standard Price Update

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 an up trend, and is currently 0.12% 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 $0.998127 and $1.003373. 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 $258M US dollars.

Update on Transactions and Holders

1,229 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 156. If we observe percentage growth in holders and transfers, we find that Paxos Standard ranks 5 out of the 32 Ethereum tokens we are tracking.

Just How Rich are Paxos Standard’s Richest Holders?

The top 1,000 Paxos Standard wallets hold over 99.45% 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 Much Development is Occurring?

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 04, 2019, or approximately 4 days before. Over the past 30 days, we’ve seen no growth in open issues or in the number of watchers on GitHub. This may suggest GitHub is not being used, or the code is not being maintained.

Paxos Standard’s Social Media Presence

In the past day, Paxos Standard’s Twitter followers went up by 12, respectively. If you are interested in following Paxos Standard on social media, Twitter, where it has 2,089 following it, may be a good place to start. 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

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