PAX Gold Trading Up 4.6% This Week (PAXG)

PAX Gold (PAXG) traded up 1.7% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on December 23rd. One PAX Gold token can now be purchased for about $4,504.21 or 0.05136443 BTC on exchanges. During the last seven days, PAX Gold has traded 4.6% higher against the U.S. dollar. PAX Gold has a total market capitalization of $1.58 billion and approximately $265.68 million worth of PAX Gold was traded on exchanges in the last 24 hours.

Here’s how similar 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 down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $87,784.19 or 0.99677279 BTC.
• SolvBTC (SOLVBTC) traded down 2.5% against the dollar and now trades at $87,689.11 or 0.99997580 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.

About PAX Gold

PAX Gold’s genesis date was September 5th, 2019. PAX Gold’s total supply is 351,712 tokens. The official website for PAX Gold is www.paxos.com/paxgold. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. PAX Gold’s official message board is www.paxos.com/blog/pax-gold-the-safest-way-to-own-gold-today.

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.”

PAX Gold Token Trading

It is usually not currently 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, Gemini or GDAX. 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