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Analysis: Gold-backed tokens such as PAXG underperformed this week, while Wall Street raised its gold price target
Gold-backed cryptocurrencies have underperformed this week as their prices have fallen sharply after rising more than 10% so far this year. Gold-backed tokens, including Paxos gold (PAXG) and Tether gold (XAUT), have fallen about 1% over the past week and are trading around $2,900, while the overall cryptocurrency market has rallied. The CoinDesk 20 index...
2025-02-16 02:42:17
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