Sorry, we don’t have a description of the operating model behind this token at this time. We are working on it and will have a summary shortly.
The 50 day trend is still upwards, but price has declined in more recent times, and is now below the 20 day moving average. From that perspective, Paxos Standard could be at a make or break moment regarding its upwards trend. Paxos Standard has a market capitalization of approximately 117.19 million US dollars. That’s medium-sized relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively especially low volatility, so this might be a good fit to reduce your overall risk on a day to day basis. However, you may wish to confirm that this is liquid enough for you to get in and out of positions when you need to.
Paxos Standard currently has approximately 3810 wallets, with the average weekly growth rate in number of wallets being 57.31% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 95.02%. Notably, both the transaction growth rate and the wallet growth rate for Paxos Standard are above average. For those who believe tokens that get engagement are worth investing in, this could be an opportunity worth digging into.
The current available supply for Paxos Standard is 139.29 million, while the total supply is 139.3 million. This means 99.99% of Paxos Standard’s total supply, as currently defined, has been made public. To help put that in perspective, about 66.67% of tokens in the SixJupiter Index with a similar market capitalization have a larger percentage of their total currency unavailable. Both Paxos Standard’s available supply and total supply have increased over steadily over the past four weeks, but its available supply is growing much faster than its total supply — so the dilution risk has been declining.
Paxos Standard has 846 followers on Twitter. About 0.35% of its followers are verified, and about 7.39% are estimated to be investors. The token’s follower count on Twitter is below average for its market capitalization, but its percent of followers who are verified and the estimated percent to be investors are well above average. This suggests a Twitter following that is authentic and potentially influential on its price.