The Pax Dollar is a stable coin that one can use to transact with blockchain assets with minimal risks. Additionally, stable coins can be converted to paper money or can be pegged to cryptocurrency. The stable coins were tailored to help in reducing the volatility of the market price, compared to some of the stable assets. Stable coins can be used to buy some of the items. The Pax Dollar Token (USDP) is on the Ethereum blockchain and they are distributed as the ERC-20 tokens. The Pax Dollar was founded in 2018 by the founders Rich Teo and Charles Cascarilla as the co-founder. The partners are not new in the fintech world since Charles was one of the founding associates of the ADAM and he also is a partner of the Liberty city ventures among others. While Teo worked at Citi as a financial analyst, In addition, he was the Monetary expert of Cedar Hill Capital. He has robust experience working in different institutions and worked in different fields. As of the time of writing, Pax Dollar has been ranked 83 in the market. In its outlined goals the main one is to be able to balance the dollar with the blockchain industry. 1 pax dollar(USDP) is equal to 1 Us dollar.

Current Price Prediction

The Pax dollar marked low volatility since the Bolinger bands are squeezed together and are narrow this indicates the low levels. In most cases, When prices experience low volatility, it is then followed by times of high volatility. On the 6- month price chart the MacDs are showing a wavelike process on the 13th of October the Pax Dollar was gaining close to two weeks but soon started losing the trend. However, it gained momentum and the prices shot up. For the 6 months, the MacDs have been on the head shoulder movement. Meaning it has had its highs and low co-currently within the period. The RSI is at its neutral level since the RSI line is not above 70. It is currently trading at 58.80. This means that the price can fall on any side. Thus,it might lose or gain. As per the time of writing, the Pax Dollar (USDP) is trading at $1.00 with a 24hour trading volume of $9,241,357.The Pax Dollar is at a high of $1.00 and a low of $0.9961 in the last 24 hours. Moreover, in the last 24 hours, the Pax dollar is up to $0.09.

Technical Analysis Summary

According to, the trading view in the overview, a summary of the past month shows how 4 out of 26 indicate a buy and 6 out of 26 indicate a strong sell. In the moving averages, 2 out of 26 indicate buy and it has a strong sell-off of 6 out of 26. While in the oscillator 2 out of 26 indicate buy and have a 0 sell. From the above chart, there is a wave-like movement, meaning that it has a 50|50 chance of either gaining or losing.

What do Investors think about the Pax Dollar Price Prediction for 2022?

According to the YouTube channel wall street ruler, it is that there will be a long-term increase in its value. Among those who will benefit are those who are investing in the token for a long period. For instance, for those who will be having a 5-year acquisition at the time the income is set to grow by 11%.

Should you Invest in Pax Dollar in 2022?

Analysts say that in the next few years the value of the Pax Dollar will skyrocket even further. In addition, to its major goal, It is gaining more users and trust in the crypto world. As of the time of writing it has been ranked number 87 on the coin market cap, this shows that more people are acknowledging the token and investing in it.

Here are reasons why you should invest in Pax Dollar

The Pax Dollar is effective in that you can exchange it for paper currency.
It is a global network, therefore many people are investing in it. Additionally, it can be traded everywhere.
The coin is safe and secure in that it cannot be hacked. It uses the ERC-20 blockchain.
It is an accredited crypto service provide

In conclusion, investing in the crypto world needs one to have done proper research since the market is volatile. But the reasons given above for the Pax Dollar are a compelling choice for one to invest in it.

Pax Dollar Price Prediction (2022)

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