September 13, 2019: Paxos Standard (PAX): Up 0.24%; Surprising Moves In Price, Holders Added And Transfers Added; Price Crosses 20 Day Average


Paxos Standard Price Update

Paxos Standard is up by approximately 0.24% 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 a down trend, and is currently 0.11% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Paxos Standard suggest price may bounce between $0.99849 and $1.00328 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

Where to trade Paxos Standard (symbol: PAX): Gate, Yobit, Binance, DDEX, Ethfinex

As for Paxos Standard’s market cap, it is currently at about $240M US dollars.

What Anamolies Occurred Since Yesterday?

Since yesterday, Paxos Standard saw anomalous behavior in price, holders added and transfers added. It may be worth looking into the causes of this a bit more.

Straight Off the Chain

Over the past 24 hours, 1,262 transfers have been added to the blockchain recording transactions amongst holders of Paxos Standard. Regarding a tally of holders, Yesterday saw Paxos Standard’s wallet count rise by 123. If we observe percentage growth in holders and transfers, we find that Paxos Standard ranks 9 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 99.03% 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?

The last activity date on Paxos Standard’s GitHub repository was September 11, 2019, or about 2 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.

Paxos Standard’s Social Media Presence

If you are interested in following Paxos Standard on social media, Twitter, where it has 1,979 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

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