The FTX controversy has pulled the entire crypto market down, with top tokens struggling to stay afloat. Despite the bearish sentiment, PAX Gold (PAXG) has continued to trade in the green zone, keeping substantial intraday and one-week gain. The gold-backed crypto was trading at $1,762, a 2.17% intraday increase and a 5.80% week-on-week gain at press time.
However, trading activity on PAX Gold has decreased in the past 24 hours. Specifically, the gold price-pegged crypto saw trading volume down 16% in the 24 hours. At the same time, PAXG gained1.78% and 1.90 against BTC and ETH respectively. However, PAXG is positioned to retain its gains for quite some time.
PAX Gold Adds Over 2,600 New Wallets In The Last Six Months
Even though most cryptocurrencies have recently seen a downturn, Pax Gold has maintained consistent weekly and monthly growth. Furthermore, its network has experienced rapid growth during the past several months. In particular, over 2,600 additional wallet addresses have
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