Published: January 29, 2026 | Current Price: $5,613.33
PAX Gold (PAXG) is designed to mirror physical gold exposure on-chain. This guide reviews the latest market stats, technical levels, and a scenario-based 2026–2030 outlook linked to gold drivers (rates, risk-off flows, and tokenized asset adoption). For market monitoring, use Tapbit Price.
Current Market Overview
At the time of writing, PAXG is trading at approximately $5,613.33, up +6.41% over the past 24 hours.
- Market Cap: $2.35B
- 24h Trading Volume: $1.06B
- Circulating Supply: 418.67K PAXG
- All-Time High (ATH): $5,622.81 (Jan 29, 2026)
- Distance from ATH: -0.17%
- All-Time Low (ATL): $1,387.98 (Oct 26, 2019)
What Is PAX Gold (PAXG)?
PAX Gold (PAXG) is an ERC-20 token created by Paxos that represents ownership of physical gold. Paxos states that each PAXG token is backed by one fine troy ounce of gold held in custody, stored in LBMA vaults in London. CoinMarketCap likewise describes PAXG as a gold-backed cryptocurrency launched in 2019, designed to make gold easier to trade and divisible for smaller investors.
Key features:
- Gold-linked exposure: designed to track physical gold value.
- On-chain portability: easier transfer and settlement than physical gold.
- Tokenized RWA adoption: benefits from broader tokenized-asset infrastructure growth.
Technical Analysis: Key Levels to Watch
PAXG trades like tokenized gold. Key levels are often based on recent ranges and psychological price zones.
- Major Support Levels: $5,262.52 (24h low), $5,000 (psychological), $4,500 (historical-style reset zone if gold sells off)
- Major Resistance Levels: $5,622.81 (24h high & ATH), $5,800 (psychological), $6,000 (major round-number magnet)
- Indicator note: gold-linked tokens often follow macro flows more than crypto-native chart patterns.
Fundamental Drivers & Catalysts (2026–2030)
- Gold macro cycle: inflation expectations, real rates, and risk-off demand can lift gold (and PAXG).
- Tokenized asset adoption: broader RWA rails and exchange support can increase liquidity and usage.
- Custody/attestation confidence: market trust in backing and custody frameworks is crucial for tokenized gold.
- Distribution and ramps: additional fiat-to-crypto ramps and integrations can expand access.
PAXG Price Prediction (2026–2030): Scenario Outlook
Because PAXG is gold-backed, forecasting is effectively a gold outlook plus tokenization adoption and liquidity conditions.
| Scenario | Price Range (2026–2030) | Required Catalyst | Probability (Subjective) |
|---|---|---|---|
| Bullish (gold breakout) | $6,000 – $8,000+ | Risk-off flows + persistent inflation hedging + strong RWA adoption/liquidity | Medium |
| Base Case (range with cycles) | $4,800 – $6,500 | Mixed macro environment; gold holds value while rotating with rates and sentiment | High |
| Bearish (rates stay restrictive) | $3,500 – $4,800 | Strong real rates + risk-on rotation reduces gold demand | Low–Medium |
Pros & Cons of Investing in PAXG
| Pros | Cons |
|---|---|
| • Gold-linked store-of-value exposure | • Upside may be slower than high-beta crypto |
| • Useful diversification vs pure crypto risk | • Still depends on trust in custody/backing framework |
| • Tradable 24/7 as a crypto asset | • Macro rate cycles can pressure gold |
FAQs
Does PAXG track gold?
PAXG is designed to be backed by physical gold and generally reflects gold price dynamics.
Can PAXG go above $6,000?
Yes in a bullish gold scenario—especially if macro uncertainty and safe-haven demand rise.
Where can I trade PAXG?
Check Tapbit Price for supported listings and pairs.
Conclusion
PAX Gold (PAXG) is a tokenized way to hold gold exposure in a crypto-native format. Long-term performance is mostly driven by gold’s macro cycle, plus adoption of tokenized RWAs and exchange liquidity.
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Disclaimer: Informational only, not financial advice. DYOR and understand custody/market risks.
