PAX Gold Trading Up 4.5% This Week (PAXG)

PAX Gold (PAXG) traded down 0.1% against the dollar during the 24 hour period ending at 8:00 AM E.T. on February 6th. During the last week, PAX Gold has traded 4.5% higher against the dollar. One PAX Gold token can now be bought for about $2,900.27 or 0.02942200 BTC on exchanges. PAX Gold has a total market capitalization of $591.49 million and $64.59 million worth of PAX Gold was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• GMX (GMX) traded 0.6% higher against the dollar and now trades at $17.10 or 0.00017348 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 up 0.3% against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.6% against the dollar and now trades at $98,170.70 or 0.99589966 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About PAX Gold

PAX Gold’s genesis date was August 29th, 2019. PAX Gold’s total supply is 203,943 tokens. PAX Gold’s official website is www.paxos.com/paxgold. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. The official message board for PAX Gold 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.”

PAX Gold Token Trading

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

PAXG/USD price chart by TradingView