Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçePAX Gold Information
PAX Gold is a digital asset that offers investors the stability and intrinsic value of physical gold in a blockchain-based form. It enables users to own fractional amounts of real, allocated gold stored securely in professional vaults. By bridging traditional wealth preservation strategies with modern digital currency frameworks, PAX Gold provides a seamless way to invest in gold while retaining the advantages of cryptocurrency.
Understanding PAX Gold: Bridging Digital Assets and Physical Gold
In the expansive world of cryptocurrencies, PAX Gold (PAXG) provides a unique proposition by marrying the efficiency and accessibility of digital currencies with the timeless value of gold. Launched as an ERC-20 token on the Ethereum blockchain, PAX Gold is distinctively backed by physical gold reserves. Each PAXG token is equivalent to one fine troy ounce of a 400 oz London Good Delivery gold bar stored in secure vaults. This article delves into the advantages and limitations of this intriguing digital asset and examines its past development and future potential.
The Unique Advantages of PAX Gold
PAX Gold stands out in the cryptocurrency ecosystem due to its inherent characteristics that align with the value and trust traditionally associated with gold. The primary advantage is its intrinsic value backing; unlike many cryptocurrencies that do not represent tangible assets, each PAXG is backed by a physical asset stored by established institutions. This backing provides investors with the security and reliability of gold, coupled with the liquidity and convenience of digital assets.
Furthermore, PAX Gold is easily tradable across various cryptocurrency exchanges, which enables users to access the gold market without the complexities of physical gold trading. It also affords fractional ownership, allowing investors to own as little as 0.01 of an ounce. This level of accessibility democratizes gold investment, removing the barriers typically associated with significant physical gold purchases.
Drawbacks to Consider
Despite its strong backing, PAX Gold does come with potential drawbacks. First and foremost is trust in the issuer; investors must have confidence that the gold reserves truly exist and are maintained by Paxos, the company behind PAXG. Regulatory changes could also impact how PAX Gold and other asset-backed tokens are traded or held.
Another consideration is that while PAX Gold provides the stability of gold, it does not offer the speculative growth potential seen in more volatile cryptocurrencies like Bitcoin or Ethereum. Therefore, while PAXG can act as a stable store of value, it may not suit those seeking quick market gains.
PAX Gold: A Historical Perspective
Since its introduction, PAX Gold has established itself as a reliable asset within the digital currency sphere. Its all-time high (ATH) was recorded at $2,855.83 on April 13, 2024, reflecting its alignment with the broader gold market trends. Over time, it has shown moderate but consistent growth, with a significant ATL (All Time Low) of $1,399.64 in November 2019, marking a 97.0198% increase to its current standing.
Unlike volatile cryptocurrencies, PAXG's valuation is closely tied to the physical gold market. Thus, its price fluctuations reflect gold's market dynamics rather than crypto-specific events, lending PAX Gold a unique position in a typically volatile ecosystem.
Looking Ahead: The Future of PAX Gold
The future of PAX Gold seems promising for those wanting to blend traditional investment assets with digital convenience. As the demand for stable and secure digital assets grows, PAX Gold is positioned to benefit from the increased interest in blockchain technology and cryptocurrencies with real-world asset backing.
Moreover, as more investors look to diversify and hedge against market volatility and inflation, PAX Gold could appear increasingly attractive. The legal and regulatory landscape will play a crucial role in shaping its adoption, but with a continued focus on transparency and compliance, PAX Gold can further solidify its place as a valuable and trusted digital asset.
|
from price
$2,736
|
General Information |
|---|
|
Title
PAX Gold
|
|
Symbol
paxg
|
|
Whitepaper
-
|
|
Website
|
|
Community
-
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
2735.96
$
|
|
High 24h
2763.01
$
|
|
Low 24h
2684.29
$
|
|
Price Change 24h
51.66
$
|
|
Price Change % 24h
1.92454
%
|
Market Data |
|
Market Cap
556217457
|
|
Total Volume
27586230
|
|
Market Cap Change 24h
20495827
|
|
Market Cap Change % 24h
3.82584
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
203182.971
|
|
Total Supply
203182.971
|
|
Max Supply
-
|
Historical Data |
|
All Time High (ATH)
2855.83
|
|
ATH Change %
-4.09773
%
|
|
ATH Date
2024-04-13 21:01
|
|
All Time Low (ATL)
1399.64
|
|
ATL Change %
95.67941
%
|
|
ATL Date
2019-11-18 03:09
|