Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, PAXG (PAX Gold) is currently priced at 4183.77 USD, rising 1.79% in the last 24 hours, with a high of 4200.07 USD and a low of 3977.96 USD. The 24-hour volume reached 199 million USD. The current market capitalization is approximately 1.395 billion USD, an increase of 24.5 million USD compared to yesterday.
Important news about PAXG recently:
1️⃣ Gate unified account adds PAXG as collateral
Gate announced on November 7th that its unified account system has added PAXG as a collateral currency. The maximum discount rate for PAXG reaches 85%, which means users can utilize PAXG assets more flexibly for leveraged trading or borrowing.
2️⃣ PAXG collateral value highly recognized
In the newly added collateral currencies, PAXG, along with LINEA and SKY, belongs to the highest discount rate tier, reaching 85%. This reflects the exchange's high recognition of the asset value and stability of PAXG, which may increase market confidence in PAXG.
3️⃣ The collateral function or enhance PAXG liquidity
With PAXG being incorporated into Gate's unified account collateral system, it is expected to attract more users to hold and use PAXG, potentially increasing its liquidity and demand in the market. This could be an important factor driving the rise in PAXG prices.
PAXG, as a cryptocurrency pegged to gold, typically has its price movements closely tied to the physical gold market. Recent fluctuations in gold prices may also be one of the important factors affecting PAXG's market performance.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock sees AI driving crypto’s next bull phase as altcoin interest fades
Robbie Mitchnick from BlackRock highlighted a shift in crypto investment focus, emphasizing AI's growing importance over new tokens. Investors are concentrating on established assets like Bitcoin and Ethereum, with AI seen as a key driver influencing crypto's future and potential as infrastructure.
CoinDesk27m ago
Shiba Inu Burn Rate Jumps 370% as SHIB Breaks Key Level
Key Insights:
The Shiba Inu burn rate surged over 370% in 24 hours, removing more than 4.2 million tokens and reducing the overall circulating supply significantly.
SHIB price climbed above a key resistance level while forming higher lows, indicating steady accumulation despite declining
CryptoNewsLand50m ago
Solana Reclaims $90 as Golden Cross Signals Renewed Momentum
Solana has surpassed the $90 resistance, aided by a golden cross indicating positive momentum, despite low trading volume. Strong on-chain growth supports price stability, and sustained support above $89.50 could push Solana towards $96, though higher volume is crucial for confirming a breakout.
CryptoNewsLand1h ago
Hyperliquid Gains Traction as ETF Push Meets Strong Momentum
Key Insights:
Grayscale ETF filing has increased institutional visibility for HYPEUSD, strengthening demand expectations as traditional investors seek simplified exposure to the Hyperliquid ecosystem.
Technical indicators show
CryptoNewsLand1h ago
Cardano Faces $9.9M Liquidation Risk as ADA Hovers Near Key Support
Cardano is currently trading near $0.264, facing potential liquidation risks if it drops to $0.253. While on-chain data indicate reduced realized losses, the market remains in a distribution phase, hindering recovery. Resistance challenges persist between $0.2856 and $0.300, necessitating a stronger rally for upside movement.
CryptoFrontNews1h ago
Bittensor Jumps 20% After Jensen Huang Backs Distributed AI
Key Insights:
Bittensor surged over 20% after NVIDIA CEO Jensen Huang highlighted its distributed AI training, drawing strong attention from both crypto and technology markets.
The TAO price broke above the Bull Market Support Band for the first time since November, signaling a potential
CryptoNewsLand2h ago
