In the last four hours, the PAX Gold (PAXG) to Tether (USDT) trading pair has seen minor fluctuations, aligning with its stability as a gold-backed cryptocurrency. The current price is approximately 2,661.57 USDT per PAXG, reflecting a 0.48% decrease compared to 24 hours ago. This decline marks a small dip from its high of 2,680.76 USDT during the last 24 hours.
PAXG remains a preferred choice for traders seeking exposure to gold’s price movement within the crypto market. Its correlation with the spot price of gold ensures consistent performance. The trading volume and liquidity indicate steady market activity, with no dramatic price swings during this period.
For context, PAXG has shown resilience, maintaining its value better than many crypto assets over the past year, with a notable 28.12% increase in value year-over-year. As gold prices stabilize globally, PAXG continues to attract investors looking for stability in volatile crypto markets.