October 9, 2019: Paxos Standard (PAX): Up 0.1%; Price Crosses 20 Day Average


Paxos Standard: What’s the Latest Regarding its Price?

Paxos Standard’s current price, at the time of this writing, is $1.001 USD, up by approximately 0.1% 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. 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 $0.998117 and $1.003183, 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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As for Paxos Standard’s market cap, it is currently at about $260M US dollars.

Update on Transactions and Holders

Yesterday saw 1,153 transfers amongst holders of Paxos Standard. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard increase by 69. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 7 out of the 32 Ethereum tokens we’re tracking.

How are the Strong Holders of Paxos Standard Faring?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 99.59%. 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 Active are the Software Developers?

Paxos Standard hasn’t had any activity on any of its GitHub repos since October 08, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Paxos Standard were completely flat over the past 30 days; in other words, there has been no development work reported on GitHub over the past month.

Paxos Standard’s Social Media Presence

In terms of social media presence, Paxos Standard saw its Twitter followers go up by 6 over the past 24 hours. 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

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