Paxos Standard Token Price Prediction

An up-to-date Paxos Standard Token price prediction for 2022, 2023, 2024, 2025, 2030. 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

Project name
Paxos Standard Token
Stock Symbol
PAX
Current Price
0.998750315
Current Supply
952218815.8

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.

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.

Paxos Standard Token Price Prediction for 2022

As of Paxos Standard Token price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects an upturn towards $1.015, and PricePrediction.net echoes with ~$1.3583 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Paxos Standard Token’s future price, citing numbers downwards of $0.35955 in December.
Potential ROI: -9% Sell

Paxos Standard Token Price Prediction for 2023

In their Paxos Standard Token price predictions for 2023, PricePrediction.net forecasts the coin’s price to go down to $0.249688 by December. Forecasting Paxos Standard Token future, TradingBeast expects further decrease of its price, too, saying the Paxos Standard Token price will reach ~$0.0799 by that time. On the contrary, WalletInvestor keeps predicting Paxos Standard Token price growth, quoting prices around ~$1.041 in 2023.
Potential ROI: -54% Sell

Paxos Standard Token Price Prediction for 2024

The experts are unanimous in their Paxos Standard Token price forecasts for 2024 — everybody expects Paxos Standard Token’s price to grow by the end of that year. WalletInvestor predicts the price growth reaching $1.079. According to PricePrediction.net’s research, Paxos Standard Token’s price can go up to $1.538075. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Paxos Standard Token’s price will be about $1.228463.
Potential ROI: 28% Buy

Paxos Standard Token Price Prediction for 2025

WalletInvestor has only optimism in store for the 2025 Paxos Standard Token price prediction, valuing Paxos Standard Token at $1.128 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $1.328338 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their Paxos Standard Token price prediction for December of this year is just $0.928838.
Potential ROI: 13% Buy

Paxos Standard Token Price Prediction for 2030

Most experts are expecting an encouraging future for Paxos Standard Token: long-term Paxos Standard Token price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $1.178525, while WalletInvestor goes for $1.1844. PricePrediction.net also puts big hopes on Paxos Standard Token in the long term: its Paxos Standard Token prediction for 2030 is $1.637951.
Potential ROI: 34% Buy
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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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