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Paxos Standard Token Price Prediction

An up-to-date Paxos Standard Token price prediction for 2021, 2023, 2025. Wondering what is the future of PAX price? Find out Paxos Standard Token price forecast with historical, fundamental and technical analysis.
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Paxos Standard Token Fundamental Analysis

Paxos Standasd — or PAX — is an ERC-20 stablecoin created by the Paxos Trust Company. PAX maintains a 1:1 ratio to the US Dollar with the reserves to back up the token stored, audited, and protected by the company. With the stablecoin fully backed by an equivalent amount of USD, it can be redeemed for US Dollars at any time. The token — referred to as the “digital dollar” by its creators — was first issued in late 2018 and has since been officially regulated by the New York State Department of Financial Services (NYDFS). This means that Paxos has to meet strict NYDFS requirements and undergo regular exams to ensure maximum protection to its customers’ funds. PAX was created by a team of former Silicon Valley and Wall Street workers lead by CEO Charles Cascarilla after the infamous Tether controversy as a fully-transparent alternative to USDT. The company’s vision was to develop an all-encompassing global network that would facilitate the instant and simple exchange of crypto-assets between all users, making blockchain a commodity. PAX is designed to increase its use cases as the token grows. According to the Paxos official website, the current goal of PAX is to limit the volatility of crypto assets and to remove the barriers between cross-currency transactions. In the upcoming years, the company expects to introduce PAX as a currency for consumer transactions and as a stable asset for countries with volatile national currencies. Withum, a US-based top-ranking auditing company, has been conducting monthly attestation reports meant to verify that the entire amount of PAX in circulation is equal to the amount of USD held in Paxos-owned bank accounts.

Project name
Paxos Standard Token
Stock Symbol
PAX
Curr. Price
0.999
Curr. Supply/Total Supply
1218361334.15
ROI Since Launch
No Data
Launch Date
No Data

Paxos Standard Token Live Price Chart

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Paxos Standard Token Technical Analysis

Despite the fact that 100% accurate technical analysis for Paxos Standard Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated PAX buy-and-sell rating for selected timeframe. The summary for PAX/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Paxos Standard Token Price Prediction

Below we have collected the most reliable price projections for Paxos Standard Token (PAX) from popular forecast platforms.

#1. WalletInvestor PAX Price Prediction for 2021 and 2025

According to WalletInvestor, Paxos Standard Token price will grow from $0.999 to $1.000 in one year. That makes PAX a good investment. The long-term earning potential is 0.10%. Predicted price for the end of 2026 is $1.004.

#2. TradingBeasts PAX Price Prediction for 2021-2022

Answering the question about if Paxos Standard is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.2731341 with a reduction to $1.2727688 by the end of 2022.

#3. DigitalCoin PAX Price Forecast for 2021-2025

In DigitalCoin analysis, the price of Paxos Standard cryptocurrency will rise in the next 5 years starting from $1.001 as of today’s price to $3.533. It will go up to $1.616 by 2022 and continue its growth in 2023-2024. Based on the forecast, Paxos Standard is profitable long-term investment.

Summary

As it can be clear from the analysis cited above, Paxos Standard Token (PAX) projections are rather contradictory. There is no universal consensus either about positive or negative future PAX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Paxos Standard Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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