PAX Gold (PAXG) Price Down 0.5% This Week

PAX Gold (CURRENCY:PAXG) traded down 4.1% against the US dollar during the one day period ending at 0:00 AM E.T. on May 17th. PAX Gold has a total market capitalization of $113.06 million and approximately $73.17 million worth of PAX Gold was traded on exchanges in the last 24 hours. In the last week, PAX Gold has traded down 0.5% against the US dollar. One PAX Gold coin can currently be purchased for about $1,879.28 or 0.04148254 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Chainlink (LINK) traded 7.6% higher against the dollar and now trades at $39.86 or 0.00087981 BTC.
  • Polygon (MATIC) traded 26.8% higher against the dollar and now trades at $2.05 or 0.00004516 BTC.
  • THETA (THETA) traded up 11.6% against the dollar and now trades at $10.25 or 0.00022636 BTC.
  • Aave (AAVE) traded 26.2% higher against the dollar and now trades at $631.49 or 0.01393919 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00002207 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Huobi Token (HT) traded 9.1% higher against the dollar and now trades at $28.98 or 0.00063974 BTC.
  • FTX Token (FTT) traded 6.1% higher against the dollar and now trades at $52.77 or 0.00116475 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00002209 BTC.

About PAX Gold

PAX Gold is a coin. It launched on August 29th, 2019. PAX Gold’s total supply is 84,150 coins and its circulating supply is 60,161 coins. 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, “PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. “

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the exchanges listed above.

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