Paxos Standard: What’s the Latest Regarding its Price?
Paxos Standard is down by approximately 0.2% from the previous day, with its price currently hovering around $1 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 unclear trend, and is currently 0.11% below 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 $0.997697 and $1.004473, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Trade Paxos Standard (PAX) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
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 $255 million.
Unusual Developments
Since yesterday, Paxos Standard saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
Yesterday saw 1,497 transfers amongst holders of Paxos Standard. As for the number of holders, yesterday saw the number of wallets holding Paxos Standard rise by 170. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Paxos Standard ranked 4 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Paxos Standard Faring?
The top 1,000 Paxos Standard wallets hold over 99.46% of the token’s total money supply. The underlying smart contract itself for Paxos Standard owns 0.05% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
Paxos Standard hasn’t had any activity on any of its GitHub repos since September 22, 2019 — 5 days prior. 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.
What’s Going on Social Media?
In terms of social media presence, Paxos Standard saw its Twitter followers go up by 13 over the past 24 hours. If you are interested in following Paxos Standard on social media, Twitter, where it has 2,042 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
