PAX Gold Trading Up 1.7% This Week (PAXG)

PAX Gold (PAXG) traded 0.1% higher against the US dollar during the 1-day period ending at 20:00 PM E.T. on September 29th. PAX Gold has a market cap of $505.99 million and $4.01 million worth of PAX Gold was traded on exchanges in the last 24 hours. During the last week, PAX Gold has traded 1.7% higher against the US dollar. One PAX Gold token can currently be purchased for about $2,664.16 or 0.04068573 BTC on exchanges.

Here’s how related cryptocurrencies have performed during 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 6.7% against the dollar and now trades at $0.0525 or 0.00000080 BTC.
• P2P Solutions foundation (P2PS) traded down 0.7% against the dollar and now trades at $172.14 or 0.00262878 BTC.

PAX Gold Profile

PAX Gold was first traded on August 29th, 2019. PAX Gold’s total supply is 189,925 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 possible to purchase alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to trade PAX Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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