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Price has increased by 2.54% in the last 1 year.
PAX Gold is currently trading 6.28% above the 200-Day SMA which is $1,754.89.
The 14-Day Relative Strength Index (RSI) is at 20.36 which indicates that the cryptocurrency is currently BUY and may trade sideways.
The number of green days in the last 30 days is 10 which is 34%.
Released 3 Years Ago on Sep,25 2019.
The circulating supply has yet to be published.
Has high liquidity with 0.02045 volume to market cap ratio. The current market cap is $506.9M while the 24-hour volume is $10.37M
PAX Gold price today is $1,868.68 USD, which is Up by 0.24% over the last 24 hours. There has been an hourly Dip by -0.04%. PAX Gold's market cap currently sits at $506,903,931.76 USD, holding up for a market cap rank at #82. The volume were at $10,368,022.67 USD PAX Gold ranks no 82 in the market capitalization of PAX Gold is at $506,903,931.76 and its volume for 24 hours is $10,368,022.67. PAX Gold are under circulation, with total supply of 271.26K and the Maximum supply of 0.
Paxos have issued a commodity-backed gold stablecoin, PAX Gold (PAXG). Paxos manages Brink's vaults, where each token is backed by one troy ounce of gold. ETFs, futures contracts and other derivatives cannot be used with PAX to gain exposure to Gold markets.
What Is PAX Gold?
Investing in Paxos Gold (PAXG) is a safe and rewarding way to acquire gold and other crypto assets.
The market value of PAXG tokens reflects the importance of physical gold stored in vaults by Paxos and its partners, and each token can be redeemed for one troy fine ounce of gold stored in lockers.
Paxos developed the PAXG token as an Ethereum-based token that can be exchanged for other crypto assets and secured by its owners.
Paxos performs monthly audits to ensure its PAXG token supply matches its gold reserves to maintain its accounts continuously. Gold bullion bars can be redeemed at any time for PAXG by users.
PAXG tokens are divided up to 18 decimal points and can be redeemed at physical gold retailers around the world for smaller amounts of gold.
In addition to Paxos Standard, Pax Gold was created by Charles Cascarilla. The University of Notre Dame awarded him a degree in finance. His venture capital projects involve blockchain technology, and he co-founded Cedar Hill Capital Partners in 2005.
An intelligent contract rules-based blockchain underpins Paxos Gold, which runs on Ethereum.
It costs around 0.02% to create and destroy PAXG tokens. Using Ethereum involves on-chain fees as well.
Specifically, Paxos uses third-party tools to monitor and track each PAXG transaction. Investigations are conducted to determine if fraud or money laundering is taking place.
Furthermore, smart contracts are regularly audited by developers, who identify bugs and vulnerabilities in the code.
PAXG offers cryptocurrency investors exposure to the price of gold through its ability to enable them to move value into gold assets.
Investors may be attracted to cryptographic money since it offers easy online exchange, portability, and exchangeability, along with a long-term value they believe in.
Investment is easy in PAXG: PAXG is the best nominee for physical gold because it is easy to invest in tokenized gold.
Precious resources are called security: In times of bear markets and inflation, PAX Gold can be a helpful asset class to balance a person's investment portfolio.
Gold is a tradable asset: It is difficult to conduct a commercial gold trade on a physical level. Due to its real gold backing, PAXG can be an ideal choice for investing and trading gold.
Valuable Gold Investment: The New York State Department of Financial Services regulates PAX Gold, a product of Paxos trust company. The DFS approves and regulates PAXG, which is fully backed by gold held in secure vaults.
PAXG's low fees for mining: PAX is an ERC-20 token that can mine at minimal fees. In Brinks vaults, PAX does not charge physical gold.
Because PAXG offers the efficiency and transparency of cryptocurrency while offering exposure to gold market price movements, users may find it a compelling addition to their portfolio.
Additionally, PAXG is friendly to institutional and retail investors on Kraken. Following their portfolio needs, investors can easily buy and sell fractions of gold or larger amounts.
PAX Gold (PAXG) Token Metrics
|Token Name:||PAX Gold|
|24h Volume:||$ 17.22 million ($ 17,215,383)|
|Market Cap:||$ 286,576|
|Fully Diluted Market Cap:||$ 286,576|
|Circulating Supply:||172.79 PAXG|
|Total Supply:||172.79 PAXG|
|Max Supply||172.79 PAXG|
|Ethereum contract address||0x45804880De22913dAFE09f4980848ECE6EcbAf78|
|Issuance Blockchain:||Ethereum, Polygon|
Where is the PAX Gold (PAXG) coin available?
PAX Gold (PAXG) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges as listed below.
You can check the whole list of exchanges are here to buy PAX Gold (PAXG).
Digitalcoinprice's Bitcoin and other cryptocurrency calculator is to determine the exchange rates between the major crypto and fiat currencies, including Bitcoin(BTC), Ethereum (ETH), XRP (XRP), Polkadot (DOT) to USD, INR, EUR, IDR and many more. Among other digital assets, prices are indexed by DigitalCoinPrice and other digital asset price indices. Open Exchange Rates are used to calculate world currency prices.
The current PAX Gold price is $1,868.68. In the last 24 hours, PAX Gold price has gone up by 0.24%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future PAX Gold price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired PAX Gold at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging PAXG against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, PAX Gold can be earned or received in various ways. PAXG considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the PAXG, including PAXG to PHP, PAXG to INR, PAXG to NGN, PAXG to THB, PAXG to CAD, PAXG to PKR, PAXG to IDR , PAXG to EUR , PAXG to AUD , PAXG to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 PAXG is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can compare and check any crypto pairs like AGIX to PAXG, FET to PAXG, OXAI to PAXG, SAND to PAXG, GRT to PAXG, JASMY to PAXG, CAKE to PAXG, LUNC to PAXG.
The current price of the PAX Gold(PAXG) is $1,868.68, with a current market cap $506,903,931.76.
PAXG is a ticker symbol of the PAX Gold.
At the movement,271.26K PAX Gold tokens are already in the market out of 271.26K PAXG.
No, It is not a stablecoin.
PAX Gold had an all-time low of $1,387.98.
PAX Gold had an all-time low of $1,387.98.
PAX Gold was created on 25 September 2019.
No, the PAX Gold (PAXG) coin cannot be mined.
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