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MainNewsIs PAX Gold ...

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

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MainNewsIs PAX Gold ...

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

Bubblemaps (BMT) Price Prediction 2025: Road to $0.20 and Beyond?

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The Bubblemaps price today is trading at $0.1400, down 3.4% on the day, after hitting...
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