Paxos Standard Price Update
Paxos Standard is up by approximately 0.1% from the previous day, with its price currently hovering around $1.001 USD. The up day for Paxos Standard yesterday was a reversal from the day before it, which puts its price at 0.01% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Paxos Standard suggest price may bounce between $0.998821 and $1.003049 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Where to trade Paxos Standard (symbol: PAX): Gate, Yobit, Binance, DDEX, Ethfinex
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 $238 million.
Update on Transactions and Holders
Yesterday saw 643 transfers amongst holders of Paxos Standard. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard increase by 88. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 8 out of the 33 Ethereum tokens we’re tracking.
Observing Paxos Standard’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 99.34% of the coin’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 Active are the Software Developers?
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 September 13, 2019, or approximately 2 days before. 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
In the past day, Paxos Standard’s Twitter followers went up by 19, respectively. If you are interested in following Paxos Standard on social media, Twitter, where it has 1,998 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
