PAX Gold (PAXG) Tops One Day Trading Volume of $6.70 Million

PAX Gold (PAXG) traded 0.2% lower against the U.S. dollar during the 1-day period ending at 19:00 PM Eastern on May 4th. PAX Gold has a total market cap of $620.01 million and $6.70 million worth of PAX Gold was traded on exchanges in the last 24 hours. Over the last seven days, PAX Gold has traded down 2.7% against the U.S. dollar. One PAX Gold token can now be purchased for about $2,286.33 or 0.03588659 BTC on cryptocurrency exchanges.

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

• KILT Protocol (KILT) traded up 0% against the dollar and now trades at $0.30 or 0.00000469 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.2% lower against the dollar and now trades at $0.0101 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

PAX Gold Token Profile

PAX Gold launched on August 29th, 2019. PAX Gold’s total supply is 184,652 tokens and its circulating supply is 271,181 tokens. 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. The official message board for PAX Gold is medium.com/paxos.

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

PAXG/USD price chart by TradingView