PAX Gold Trading 0.4% Higher This Week (PAXG)

PAX Gold (PAXG) traded down 0.9% against the dollar during the 1 day period ending at 23:00 PM Eastern on July 4th. One PAX Gold token can currently be purchased for approximately $2,315.48 or 0.04172164 BTC on cryptocurrency exchanges. In the last seven days, PAX Gold has traded 0.4% higher against the dollar. PAX Gold has a total market capitalization of $627.91 million and approximately $11.86 million worth of PAX Gold was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded down 6.8% against the dollar and now trades at $0.18 or 0.00000329 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 3.4% against the dollar and now trades at $0.0115 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Profile

PAX Gold was first traded on August 29th, 2019. PAX Gold’s total supply is 185,853 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official website is www.paxos.com/paxgold. The official message board for PAX Gold is medium.com/paxos. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here.

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 presently possible to purchase alternative cryptocurrencies such as PAX Gold directly using U.S. dollars. Investors seeking to acquire PAX Gold should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the aforementioned exchanges.

PAXG/USD price chart by TradingView