Over the past four hours, the PAXG/USDT trading pair has shown steady activity, reflecting its backing by physical gold. PAX Gold (PAXG) is currently trading around $2,733, with slight price fluctuations during this time frame. The 24-hour high was $2,739.74, and the low was $2,684.06.
This token mirrors the value of gold, making it a preferred choice for those looking to hedge against volatility in broader cryptocurrency markets. PAXG has gained 1.15% in the past 24 hours, supported by a circulating supply of approximately 197.56K tokens. Its total market capitalization sits at $539.82 million.
The upward momentum observed aligns with gold's inherent stability as a commodity and the added liquidity offered by its ERC-20 token format. Investors are using PAXG as a bridge between traditional gold investments and modern digital asset trading platforms.
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