PAX Gold Achieves Self Reported Market Capitalization of $540.83 Million (PAXG)

PAX Gold (PAXG) traded 0.4% lower against the dollar during the 24-hour period ending at 14:00 PM Eastern on November 1st. PAX Gold has a market capitalization of $540.83 million and approximately $3.34 million worth of PAX Gold was traded on exchanges in the last 24 hours. Over the last week, PAX Gold has traded 0.1% lower against the dollar. One PAX Gold token can currently be purchased for about $2,748.60 or 0.03953371 BTC on popular exchanges.

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

• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% lower against the dollar and now trades at $69,983.04 or 1.00658264 BTC.
• SolvBTC (SOLVBTC) traded down 0.9% against the dollar and now trades at $69,839.88 or 1.00452346 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 196,764 tokens. 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. PAX Gold’s official website is www.paxos.com/paxgold.

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 buy alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to trade PAX Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy PAX Gold using one of the exchanges listed above.

PAXG/USD price chart by TradingView