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PAXH

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--%
1d
1w
1m

Analysis and statistics

  • Open
    0.5982$
  • Previous Close
    0.5982$
  • 52 Week Change
    0.56$
  • Day Range
    0.00$
  • 52 Week High/Low
    0.04$ - 0.6$
  • Dividend Per Share
    --
  • Market cap
    11 861 K$
  • EPS
    -0.0007
  • Beta
    0.429
  • Volume
    --

About

PAXH.US refers to Paxos Trust Company, LLC's PAX Gold (PAXG) token on the US stock market. PAX Gold is a cryptocurrency token that represents one fine troy ounce of gold stored in Brink's vaults. Each PAXG token is backed by one ounce of physical gold held in custody by Paxos. The .US extension typically indicates the asset is available for trading to US residents or on US-based exchanges, though it's more commonly traded on cryptocurrency exchanges than traditional stock exchanges. While PAXG is not a stock, it is a digital asset that provides investors with exposure to gold price movements without needing to own or store physical gold.

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Factors

PAXH.US Stock Price Factors Paxos Trust Company's Stability: Paxos' overall financial health and regulatory standing influence investor confidence and PAXH demand.

Regulatory Changes: New regulations or policies related to stablecoins and digital assets can significantly impact PAXH and Paxos' operations.

Market Demand for PAXH: The level of demand for PAXH as a stablecoin affects its market price and adoption rate, influencing its perceived value.

Competition from Other Stablecoins: The presence and performance of other stablecoins like USDT, USDC impact PAXH's market share and price.

Interest Rate Environments: Changes in prevailing interest rates may impact the attractiveness of holding PAXH, affecting its circulation and value.

Economic Conditions: Overall economic health, including inflation and recession fears, affect PAXH's perceived stability and investment appeal.

Crypto Market Sentiment: General optimism or pessimism in the cryptocurrency market influences PAXH as investors might view stablecoins as safe havens.

Technological Advancements: Developments in blockchain technology and decentralized finance (DeFi) impact the efficiency and usability of PAXH.

News and Media Coverage: Positive or negative news coverage about Paxos or PAXH can affect investor sentiment and trading activity.

Security and Trust: Security breaches, hacks, or loss of trust in Paxos can cause panic selling and negatively affect PAXH's price.

Listing on Exchanges: The availability of PAXH on major cryptocurrency exchanges and platforms affects its accessibility and liquidity.

Adoption by Businesses: Increased use of PAXH by businesses for payments, remittances, and other transactions boosts its value and stability.

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