PAXG is a tokenized gold asset where each coin is backed 1:1 by a fine troy ounce of physical gold held in vaults, letting traders access bullion via a digital token.
Today, 1 PAXG ≈ ৳596,715 BDT (~$4,800–$5,000), closely tracking the real‑world gold price with low crypto‑specific volatility.
Its market cap sits in the billions, and the price has held strong even as broader crypto markets fluctuate, benefiting from soaring gold demand.
Recent rallies in physical gold prices and institutional interest have lifted tokenized gold demand but also highlighted custody and regulatory questions for investors.
Technical indicators show tight price range behavior, with key support levels near the gold spot price; sharp macro moves in gold often impact PAXG.
As a digital gold proxy, PAXG’s outlook leans on macro gold trends rather than typical crypto catalysts, making it attractive for traditional hedge strategies.
@Paxos $PAXG #paxgcoin #paxg