PAX Gold (PAXG) carves its niche in the cryptocurrency domain as a distinctive ERC-20 stablecoin, providing investors with fractional ownership of physical gold reserves securely stored in London vaults. Unlike conventional stablecoins, PAXG is not tethered to a fiat currency like the US dollar or euro but is directly linked to physical gold.
Intrinsic Value and Security
PAXG stands out for its intrinsic value and security, with each token equivalent to one troy ounce of a 400-ounce London Good Delivery gold bar, safeguarded in accredited gold vaults. Consequently, the value of PAXG is intrinsically tied to the real-time market value of that physical gold, ensuring that the token represents actual gold ownership and its price fluctuates with the market value of gold.
Potential Risks
When investing in PAX Gold (PAXG), it's important to be aware of the potential risks involved. The value of PAXG is subject to daily fluctuations in the gold market, which can be influenced by factors such as economic conditions and political events. Additionally, changes in government regulations can impact the use and value of PAXG tokens and introduce new compliance requirements. There is also a risk of redemption, where PAXG tokens may not be redeemable if the custodian fails to make the underlying assets available or if the issuer becomes insolvent. PAXG is also subject to depreciation risk, meaning its value can decrease if the value of the underlying gold drops or if the administrative organisation faces issues. Finally, operational risks related to the management and security of digital assets require secure storage and management of private keys associated with digital wallets to mitigate the risk of unauthorised access or loss.
There is also a possibility that PAXG could become de-pegged from its underlying asset, which could impact its value and stability.
The fastest, most convenient way to purchase PAX Gold is to purchase it on ICONOMI. We check PAX Gold live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy PAX Gold by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if PAX Gold is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy PAX Gold, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have PAX Gold in their structure.
Here you can read and comment on all posts made by Strategists about PAX Gold PAXG. See all PAX Gold price predictions in real time and make the best use of their crypto knowledge.
📢 Update
BM Digital Assets Classification Standard (BM DACS)
As part of our regular review process, some assets have been added recently to @ICONOMI ,we have classified them according to our sector classification methodology.
The classification is reviewed periodically to keep pace with changes occurring in the crypto market and appropriate industry regulation.
After any update to any project, its classification will be modified based on the project’s white papers.
Radical changes:
◾We have modified our internal classification of the media and entertainment sector to include: content creation, gaming, music, sports, video, memes, social media platforms, search engines, prediction markets, gambling, non-fungible tokens, metaverse, augmented reality and virtual reality.
◾We have added a specific sector to keep pace with the changes taking place in the market: Asset-Backed Tokens
Asset-backed tokens are digital claims on a physical asset and backed by that asset.
Gold, crude oil, real estate, stocks, agricultural crops like coffee and cotton, or any other real or physical asset can be converted into a token and become an asset-backed token, or any digital claim to fiat currencies.
We will look at the outcome of the digitization of physical assets as part of this sector in the future, we look at the outcome of the process in this sector and not the ecosystem that supports the digitization of physical assets.
Currently: The assets listed on @ICONOMI that meet these criteria are $USDT, $USDC, $PAXG.
These tokens rely on trust from a third party, so be careful when holding one of these tokens.
You can take a look at our Digital Assets Classification Standard here.
Feel free to explore the changes and reach out if you have any questions or need further clarification.
We hope this helps you understand the crypto market in a simple way.
Thank you for your trust and continued support.
Best regards,
🔵The Strategist
TEDENSKI POVZETEK
Znižanje obrestnih mer v ZDA za kar 0,5%🚨je vzdignilo tečaje glavnih borznih indeksov in kripto trga. S&P 500 je dosegel nove najvišje vrednosti, vendar zadržani sentiment opozarja na morebitno recesijo.
$BTC se nahaja v fazi konsolidacije, potrjuje korelacijo z delniškimi trgi in nakazuje na morebiten preboj v naslednjih tednih, kar potrjuje več analiz.
INF S TRGOV:
BTC cena na 23.9.: $63 500
BTC ETFs: $400 MIO neto prilivov (prejšnji teden) 🤑
ETH ETFs: $27 MIO neto odlivov (prejšnji teden) 🥶
NEWS:
Struktura strategije ostaja nespremenjena. Pomembno vlogo igra delež žetona vezanega na zlato $PAXG, kjer žeton posnema ceno zlata ter strategiji ponuja dodatno stabilnost.
REBALANS STRUKTURE
Ob turbulentnosti na trgih smo prilagodili strategijo trenutnim razmeram na trgu. Izenačili smo ponder $BTC in $ETH. Hkrati smo povečali utež žetona vezanega na zlato $PAXG in $SOL, ki ohranja visoke nivoje💪✌️
Obetavne napovedi 🚀
V pričakovanju volitev v ZDA in veliki verjetnosti za zmago podpornika bitcoina, se za risk-on naložbe (kriptovalute) pričakuje zelena jesen. ✅
NEWS
Pojavila so se ugibanja, da bo Trump na konferenci ta teden naznanil uvedbo strateških rezerv države v Bitcoinu ob njegovem predsedovanju.
Optimizem v kripto svetu spodbujajo zapleti v demokratskem taboru. Biden je v nedeljo izstopil iz tekme za naslednji predsedniški stolček, pričakuje se da ga bo v kandidaturi zamenjala Kamala Harris.
STANJE NA TRGIH
Prejšnji teden so spot BTC ETFs doživeli pritok v vrednosti $1,2 milijard💰💰 kar je dobra popotnica tudi za jutrišnje lansiranje ETH ETF skladov.
Blackrock in druščina so objavili podrobnosti o prihajajočih ETH ETF skladih. Večina bo v začetni fazi imela ničelno provizijo, med njimi pa ne bo ravno Blackrocka, ki bo že v začetku uvedel provizijo.
Skrbi vzbujajo visoke provizije prihajajočega Grayscale sklada, kar se lahko ob prenizkem povpraševanju odrazi v obliki odlivov, kot pri Bitcoin ETF skladu v začetku leta.
Ob prihajajoči altcoin sezoni in potencialnem uspešnem začetku trgovanja z spot ETH skladi se nadejamo visokih rasti. Zato smo v strategiji povečali utež $ETH in sorazmerno zmanjšali utež $BTC. V strategijo smo dodali Arbitrum $ARB kot L2 rešitev na Ethereumu ter tokenizirano zlato $PAXG, ki imata velik potencial za rast.
#ToTheMoon 🌔