What determines the price movement of Paxos (USDP)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Paxos. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Paxos, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Paxos. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Paxos on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Paxos. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Paxos and the broader cryptocurrency market.

What is the highest price of Paxos price in history?

Paxos achieved the all-time high of 1.502 in 2024-04-16, and is currently trading at 1.

What is the lowest price of Paxos price in history?

Paxos reached its all-time low of 0.9824 on 2024-01-03.

What is the current market cap of Paxos?

The current market cap of Paxos is 60264561.22763443, as 60264561.22763443 USDP is trading at the price of 1.

How many Paxos are there in the market?

There are currently 60264561.22763443 USDP circulating in the market. These Paxos can be actively traded or used in the open market.

What is the maximum supply of Paxos?

The maximum supply of USDP is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Paxos?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Paxos is 60264561.227634430. The FDV is calculated taking the assumption that all supply of Paxos is circulation, multiplied by its current price of 1.

What is the price prediction of Paxos ?

Using an algorithm to automatically identify historical data trends, this Paxos price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Paxos a good investment?

Paxos offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Paxos and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Paxos.

You can buy Paxos via Gate by following the steps on how to buy USDP once you have funded your account.

Paxos Price

USDP

Rank 546

Paxos (USDP) Price Live Chart

Paxos (USDP) Price Today

Paxos (USDP) price today is $1, with a 24-hour trading volume of $77.07K and as such Paxos (USDP) has a market cap of $60.26M, giving it a market dominance of 0.0015%. The Paxos (USDP) price moved +0.01% in the last 24 hours.

USDP Price Data

24h Turnover$77.07K
All-Time High(ATH)$1.5
24h High$1
All-Time Low(ATL)$0.9824
24h Low$0.9998

USDP Market Cap Infos

Market Cap$60.26M
Fully Diluted Valuation$60.26M
Market Cap/FDV100%
Market SentimentPositive

USDP Supply

Circulating Supply60.26M USDP
Total Supply60.26M USDP
Max Supply∞

*Data is for reference only

Paxos (USDP) Price Prediction

Paxos(USDP) is predicted to average $1 in 2025, with a potential swing between the lowest price $1 and the highest price $1. By 2030, Paxos(USDP) price could reach to $1, offering a potential -- return from today’s Paxos price.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$1	$1	$1	--
2026	$1	$1	$1	--
2027	$1	$1	$1	--
2028	$1	$1	$1	--
2029	$1	$1	$1	--
2030	$1	$1	$1	--

Paxos(USDP) Price History

Paxos(USDP) price has moved +0.01% in the last 24 hours, and +0.04% in the past 7 days. The price of Paxos(USDP) is +0.04% in the past 30 days, and -0.11% over the last year.

Time period	Change amount	% Change
1H	+$0.0001499	+0.015%
24H	+$0.00009999	+0.01%
7D	+$0.0003998	+0.04%
30D	+$0.0003998	+0.04%
1Y	-$0.001101	-0.11%

Paxos (USDP) Credibility Indicators

92.86

Reliability Score

PercentileTOP 5%

Paxos (USDP) to Local currency Converter

About Paxos (USDP)

Contract

0x8e870d6...d388289e1

Explorers

etherscan.io

Website

paxos.com

Community

Tags

Stablecoins

USDT

USDC

1 US dollars, with 1 PAX equal to 1 US dollar. All PAX reserves will be 100% mortgaged against the fully held US dollars. PAX is built based on Ethereum's ERC-20 standard and can be sent between any two wallets on the Ethereum network. Verified Paxos customers can purchase or redeem PAX on their company website. PAX is an Ethereum based ERC-20 token, so PAX is automatically listed on most Ethereum supported cryptocurrency exchanges. As an ERC-20 token, PAX is neither exploitable nor mortgaged, and can only be purchased or exchanged. The entire physical structure of PAX services is based on smart contracts that control one-on-one transactions between PAX and the US dollar. As mentioned earlier, the total supply of Paxos standard tokens is supported by the legal tender in reserves. In order to mint and destroy tokens, there is a supply controller address. PAX tokens are open source and their code can be found on the GitHub page. &Nbsp& Nbsp; As a digital asset, Paxos Standard can be instantly moved anywhere in the world. It is based on the Ethereum blockchain and provides the benefits of encrypted assets such as invariance and decentralized accounting. As it is fully collateralized in US dollars, Paxos Standard provides a digital alternative to cash flow that can be traded immediately, 24/7, and fully convertible. As a trust company, Paxos is the trustee and qualified custodian of client funds, thus providing greater protection for client assets than any other existing stable currency. US dollar deposits have been deposited in separate accounts with multiple FDIC insurance US registered banks. &Nbs