Summary
- The market cap of tokenized gold has reached approximately $2 billion, indicating that investors prefer it as a safe-haven asset.
- The market cap of tokenized gold rose by 5.7% over the past 24 hours, attributed to increased interest in geopolitical tensions and real-world assets.
- As the price and trading volume of tokenized gold rise along with spot gold prices, it is gaining attention among cryptocurrency investors.
Amid tariff confusion, investors are turning to safe-haven assets, pushing the market cap of tokenized gold close to $2 billion.
According to cryptocurrency media outlet CoinDesk on the 10th (local time), the market cap of gold-backed tokens approached $2 billion as of the previous day, rising 5.7% over the past 24 hours.
CEX.IO executive Alexandr Kerya stated, "Along with the spot gold price, the price and trading volume of tokenized gold are also rising," adding, "Amid escalating geopolitical tensions and the popularity of real-world assets (RWA), tokenized gold is gaining attention as a safe-haven asset among cryptocurrency investors."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
