PAX Gold (PAXG) is a tokenized gold asset where each token represents one troy ounce of physical gold, held in vaults and redeemable for the metal, giving it safe-haven appeal unlike typical cryptocurrencies.
The price closely tracks the spot price of gold and currently sits around ~$5,080–$5,090 USD, tied to macro drivers like inflation and central bank demand for bullion.
Market cap is over $2.3 billion, with substantial 24-hour trading volumes, reflecting strong institutional and retail liquidity.
Analysts see cautious upside if gold continues rising, but competitive pressure (e.g., Tether’s XAUT) and broader crypto sentiment could cap gains.
PAXG inherits lower volatility than typical altcoins because of its physical backing and peg to bullion, making it more of a conservative store-of-value play.
Risks include issuer counterparty and varying exchange pricing/premiums, though regulation and monthly audits aim to enhance trust.
PAXG
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