PAX Gold (PAXG) Trading Up 1.5% Over Last Week

PAX Gold (PAXG) traded 0.2% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on February 22nd. PAX Gold has a market cap of $612.58 million and approximately $26.02 million worth of PAX Gold was traded on exchanges in the last 24 hours. One PAX Gold token can currently be bought for about $2,951.78 or 0.03047070 BTC on popular exchanges. Over the last week, PAX Gold has traded 1.5% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded 5.3% lower against the dollar and now trades at $1.04 or 0.00001074 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.2% lower against the dollar and now trades at $96,488.80 or 0.99603636 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.3% against the dollar and now trades at $96,005.49 or 0.99104725 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

PAX Gold Profile

PAX Gold’s genesis date was August 29th, 2019. PAX Gold’s total supply is 207,530 tokens. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. PAX Gold’s official website is www.paxos.com/paxgold. PAX Gold’s official message board is medium.com/paxos.

According to CryptoCompare, “PAXG is a digital asset that represents physical gold stored in a vault, each token representing one troy ounce of a 400 oz London Good Delivery gold bar. It is built on the Ethereum blockchain and issued by Paxos Trust Company, a regulated financial institution and custodian of the physical gold. PAXG is primarily used as a way for investors to invest in and hold gold in a digital form, and it can be traded on various exchanges. It can also be used as collateral for loans and other financial services within the cryptocurrency and blockchain ecosystem, and Paxos Trust Company has developed institutional-grade APIs and solutions for businesses and developers who want to use PAXG and other Paxos assets in their applications.”

Buying and Selling PAX Gold

It is usually not possible to purchase alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to acquire PAX Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase PAX Gold using one of the aforementioned exchanges.

PAXG/USD price chart by TradingView