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Is PAX Gold Set for New Highs? Token Breaks $3,440 as Safe-Haven Demand Spikes


by Victor Joel
for CoinEdition
PAX Gold Jumps to $3,440 Amid Surge in Safe-Haven Demand
  • PAXG climbed 1.77% as rising Middle East tensions drove up global demand for gold.
  • Trading volume for PAX Gold jumped 194%, signaling increased investor interest.
  • PAXG broke past $3,440 resistance and now targets the $3,560 to $3,600 price range.

PAX Gold (PAXG), a digital asset backed by gold, was trading at $3,447.32 at press time, reflecting a 1.77% increase in the past 24 hours. The session began with a price close to $3,394, saw a sharp spike around 4:00 a.m., and reached a peak near $3,465. Following this, it consolidated in the range of $3,440 to $3,460, suggesting robust support at the recent highs.

According to data from CoinMarketCap, the 24-hour trading volume rose by 194.24%, hitting $204.1 million, while the market cap grew to $834.65 million. The circulating and total supply were stable at 242,110 PAXG, confirming the token’s low inflationary risk. The volume-to-market cap ratio of 24.19% indicated strong liquidity. Moreover, this price pattern corresponds with the larger market direction in the physical gold markets.

PAXG is pegged 1:1 to real gold held in vaults and has increasingly drawn investor attention amid elevated market volatility. …

The post Is PAX Gold Set for New Highs? Token Breaks $3,440 as Safe-Haven Demand Spikes appeared first on Coin Edition.

Read the article at CoinEdition

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Is PAX Gold Set for New Highs? Token Breaks $3,440 as Safe-Haven Demand Spikes


by Victor Joel
for CoinEdition
PAX Gold Jumps to $3,440 Amid Surge in Safe-Haven Demand
  • PAXG climbed 1.77% as rising Middle East tensions drove up global demand for gold.
  • Trading volume for PAX Gold jumped 194%, signaling increased investor interest.
  • PAXG broke past $3,440 resistance and now targets the $3,560 to $3,600 price range.

PAX Gold (PAXG), a digital asset backed by gold, was trading at $3,447.32 at press time, reflecting a 1.77% increase in the past 24 hours. The session began with a price close to $3,394, saw a sharp spike around 4:00 a.m., and reached a peak near $3,465. Following this, it consolidated in the range of $3,440 to $3,460, suggesting robust support at the recent highs.

According to data from CoinMarketCap, the 24-hour trading volume rose by 194.24%, hitting $204.1 million, while the market cap grew to $834.65 million. The circulating and total supply were stable at 242,110 PAXG, confirming the token’s low inflationary risk. The volume-to-market cap ratio of 24.19% indicated strong liquidity. Moreover, this price pattern corresponds with the larger market direction in the physical gold markets.

PAXG is pegged 1:1 to real gold held in vaults and has increasingly drawn investor attention amid elevated market volatility. …

The post Is PAX Gold Set for New Highs? Token Breaks $3,440 as Safe-Haven Demand Spikes appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Cardano (ADA) Price Prediction for July 21, 2025: ADA Reclaims $0.85 as Bulls Confront Key Resistance

Cardano (ADA) Price Prediction for July 21, 2025: ADA Reclaims $0.85 as Bulls Confront Key Resistance

The Cardano price today is trading around $0.857 after a strong upside move that lift...
XRP Price Prediction for July 21, 2025: XRP Consolidates Near $3.45 After 50% Weekly Rise

XRP Price Prediction for July 21, 2025: XRP Consolidates Near $3.45 After 50% Weekly Rise

After a powerful breakout from the $2.40 consolidation zone, XRP price today is hover...