PAX Gold
About PAX Gold
Pax Gold (PAXG) is an ERC-20 standard stablecoin backed by gold. The governing concept behind PAXG is that one PAXG should in theory always trade closely to the market value of one ounce of gold. At its core, Pax Gold intends to make investing in gold more accessible for everyone. The token aims to achieve this by combining the best characteristics of gold, such as relative price stability, with the unique opportunities offered by cryptocurrencies including wide adoption, fractionalized ownership and worldwide availability. PAXG allows anyone to invest without any of the restrictions of investing directly into gold. Finally, by owning Pax Gold, holders are able to leverage their funds in many more ways than a similar gold position could offer, including various Decentralized Finance (DeFi) applications, and trading opportunities.
In the last hour, PAX Gold's price has seen a change of 0.00%, and over the past 24 hours, its price has moved by -0.07%. Over the previous week, PAX Gold's price has moved by +0.86%. The current price of PAX Gold is $4,182.20, accompanied by a trading volume of 39.10M in the last day. PAX Gold's price is currently 25.62% below its all-time high of $5,622.81, which remains the highest price PAX Gold has achieved since its launch. The circulating supply of PAX Gold stands at 439.4k, translating to a total market capitalization of 1.838B.
Market stats
Frequently asked questions
What is the market cap of PAX Gold?
With a market capitalization of 1.838B, PAX Gold is ranked 48 among other crypto assets.
What is the all-time high of PAX Gold?
The highest valuation of PAX Gold since its launch was at $5,622.81, marking its all-time high.
What is the 24-hour trading volume of PAX Gold?
The trading activity of PAX Gold over the last 24 hours was at 39.10M, highlighting its liquidity in the market.
How many PAX Gold are there in circulation?
There are approximately 439.4k units of PAX Gold currently in circulation, affecting its market dynamics.
What is the relative popularity of PAX Gold?
PAX Gold market cap is around 1.838B.
When was PAX Gold created?
PAX Gold was introduced on 05 Sept 2019.
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