About PAX Gold
PAXG is a gold-backed stablecoin. Each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. PAXG holders own the underlying physical gold, held in custody by Paxos Trust Company.
Trading Insights
Traders
8
Market Stats
Market Cap
£1.01B
-0.16%
FDV
£1.01B
Circ. Supply
333K PAXG
Max Supply
Not enough data
Total Supply
333K PAXG
Diluted Valuation
£1.01B
Performance
Popularity
#58
Dominance
0.04%
Volume (24H)
£33.80M
-70.36%
Volume (7D)
£705.92M
Volume (30D)
£1.16B
All time high
£3.38K
Price Change (1Y)
49.63%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The price of PAX Gold has decreased by 0.12% in the last hour and decreased by 0.24% in the past 24 hours. PAX Gold’s price has also fallen by 0.46% in the past week. The current price is £3,029.55 per PAXG with a 24-hour trading volume of £33.80M. Currently, PAX Gold is valued at 10.39% below its all time high of £3,380.89. This all-time high was the highest price paid for PAX Gold since its launch.
The current circulating supply of PAX Gold is 332,951.91 PAXG which means that PAX Gold has as total market cap of £1,008,641,833.08.
Market details
PAXG vs markets
↗ 11.63%
PAXG vs BTC
↗ 18.53%
PAXG vs ETH
↗ 41.49%
Tags
tokenized-gold
real-world-assets-protocols
binance-listing
tokenized-assets
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x45804880De22913dAFE09f4980848ECE6EcbAf78 | |
Solana | C6oFsE8nXRDThzrMEQ5SxaNFGKoyyfWDDVPw37JKvPTe | |
BNB Smart Chain | 0x7950865a9140cB519342433146Ed5b40c6F210f7 |
Price history
Time | Price | Change |
|---|---|---|
Today | £3,029.55 | ↘ 0.24% |
1 Day | £3,037.26 | ↘ 0.24% |
1 Week | £3,045.06 | ↘ 0.46% |
1 Month | £3,031.81 | ↘ 1.92% |
1 Year | £2,063.39 | ↗ 49.63% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
We update our PAX Gold to GBP currency in real-time. Get the live price of PAX Gold on Coinbase.
The current market cap of PAX Gold is £1.009B. A high market cap implies that the asset is highly valued by the market.
PAX Gold news
Trending articles
Social stats
Popularity in posts
#368
Contributors
231
Posts
231
% About PAX Gold
0.059%
Hold times
0 days
X (Twitter)
56.07% bullish
Sentiment
4.8 ★
Highlights
231 unique individuals are talking about PAX Gold and it is ranked #368 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, PAX Gold has an average sentiment score of 4.8 out of 5. Finally, PAX Gold is becoming less newsworthy, with 0 news articles published about PAX Gold.
On Twitter, people are mostly bullish about PAX Gold. There were 58.16% of tweets with bullish sentiment compared to 3.73% of tweets with a bearish sentiment about PAX Gold. 41.84% of tweets were neutral about PAX Gold. These sentiments are based on 2447 tweets.
On Reddit, PAX Gold was mentioned in 12 Reddit posts and there were 19 comments about PAX Gold. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.