PAXG to DAI conversion chart
Pax Gold to DAI correlation
DAI and PAXG are not correlated to each other as PAXG's value depends on supply and demand. Whereas, DAI is a stablecoin that is backed by traditional fiats like the dollar and the euro. DAI’s value remains the same, which is $1 regardless of the market conditions. Hence, PAXG and DAI do not share a strong relationship.
Live PAX Gold Price Change and Market Cap
Currently, the PAXG price is 1868.23 DAI. From the PAX Gold price chart, we can see that the 24-hour change is 0.51%. The circulating supply is 216062.11 PAXG and the market cap in the past 24H is $217070. In the previous 24 hours, the PAX Gold price hit highs of 1901.18 DAI and lows of 1837.2 DAI.
PAX Gold Price Prediction
PAX Gold reached its historic maximum price $3,487.68 on April 20, 2020. $1,387.98 is its all-time low, observed on October 19, 2019. As of December 2022, it is 48% down from the ATH and 30% up from the all-time low.
As a stablecoin pegged to gold, its price directly depends on the precious metal. In 2023, the PAXG price forecast is $2,185 maximum. By 2025, PAXG is expected to reach $2,272 US dollars. A 2030 price prediction for PAX Gold gives a target at $3,381.
PAXG to DAI exchange margin
Considering today’s exchange rate, a transaction of 1 PAXG to DAI would result in an output of 1868.23 DAI.
How to convert Pax Gold to DAI
Pax Gold and DAI comparison
Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
DAI is a crypto-collateralized stablecoin soft-pegged to USD. It means that while its price is always roughly equal to $1, its value is not backed by USD but by other cryptocurrencies. In DAI’s case, it is the cryptocurrencies locked into the Maker protocol as the collateral.
What is PAX Gold (PAXG)?
Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
Pax Gold to DAI price details
PAXG to DAI Conversion Rate and Price
Currently, the conversion rate for 1 PAXG equals to 1868.23 DAI. The 24-hour highest price of Pax Gold in relation to DAI was 1901.18 DAI and the lowest was 1837.2 DAI. In short, PAXG price in relation to DAI changed by 0.51%.
Instantly Exchange PAXG to DAI
On ChangeHero you can instantly exchange Pax Gold to DAI without registrations. You can easily convert PAXG to DAI in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your PAXG to DAI exchange.
PAXG to DAI Best Rate Exchange
In the Best Rate exchange of Pax Gold to DAI, we search through various exchanges for the PAXG to DAI pair and find the best rate available in the market. We provide you with an estimation of the amount of DAI you will receive.
As soon as you accept the terms and the PAXG is deposited, the exchange will be automatically processed. We remind you that the final amount of DAI you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of PAXG to DAI.
PAXG to DAI Fixed Rate Conversion
In the Fixed Rate exchange of Pax Gold to DAI, ChangeHero finds a good rate for the pair PAXG to DAI and fix the rate for up to 15 minutes. In the Best Rate exchange of PAXG to DAI, you will receive the exact amount of DAI which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned DAI address. ChangeHero is the best place to exchange PAXG to DAI fast and safe at the best rates.
Frequently asked questions
How long does it take to convert PAXG to DAI?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange PAXG to DAI?
No, you do not require an account to swap PAXG to DAI on ChangeHero. There will be no registrations for your Pax Gold to DAI transaction.
Do I need to go through KYC procedures for PAXG to DAI exchange?
There will be no KYC for the PAXG to DAI exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange DAI to PAXG?
Yes, you can instantly exchange DAI to PAXG on ChangeHero.