Paxos Standard Price Prediction
Best advise? Study these charts 📖
Today's ForecastsPaxos Standard(PAX) opened trading today at $1.02. It achieved a Market high of $1.03 and a subsequent Market low of $0.99, Representing a change of $-0.02 and price percentage change of -1.89% . Its current Price is $1.00 representing a market share of 0.07% only.
A total volumn of $560,952 worth of Paxos Standard traded hands today, achieving a Maximum Market Cap of $246,039,168 for the day.
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The Bull Case 🐃 for Paxos Standard
Many people are looking to invest in digital assets (including Paxos Standard) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Paxos Standard as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Paxos Standard has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Paxos Standard is currently trading around $1.00.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Paxos Standard
Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology.
Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.
Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable.
Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.
Why Use Paxos Standard:
- Hold digital assets in PAX to limit exposure to volatility
- Settle the cash component of digital asset transactions in dollar-equivalent denominations
- Move between digital assets with ease and lower fees
- Settle transactions outside of traditional banking hours
- Transact internationally more efficiently
PAX Trading Stats for Today - 2019-10-17 20:04:50 +01:00 BST
|Current Supply||245,567,184 PAX|
|Total Supply||137,185,664 PAX|
|24h Volume (coin)||559,876 PAX|
|24h Volume (currency)||$560,952|
|Last updated||2019-10-17 20:04:50 +01:00 BST|
Other Price Forecasts similar to Paxos Standard(PAX) :
Common PAX Price Prediction Questions
What is Paxos Standard’s potential future value?
PAX's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Paxos Standard is and what it does. This is because Paxos Standard's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can PAX make you one?
What is going on with Paxos Standard's price?
In order not to be too rattled, read our Fundamental analysis above on Paxos Standard to know if it’s a good hodl.
How high will Paxos Standard go?
No one really knows for sure. We however predict PAX might be 4x by end of 2019. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Paxos Standard(PAX) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Paxos Standard to see its expected value. You can also visit Paxos Standard's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Paxos Standard website page will quickly provide you with that value.
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Why is Paxos Standard's price going down?
It’s difficult to tell right now as the daily PAX candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Paxos Standard's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Paxos Standard, Simple click the Social Button on this page, located immediately below the Price Charts.
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Paxos Standard Daily Price History
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