Gold cryptocurrency market rises 6%: New attraction

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Title: The Rise of Gold-Backed Cryptocurrency

In the past month, the volume of gold-backed cryptocurrency issuance has reached its highest level in nearly three years according to a report from CoinDesk. The market value of this type of Token has risen 6% to 1.43 billion USD. At the same time, monthly trading volume increased 77%, reaching 1.27 billion USD. This indicates a significant level of interest in gold-linked cryptocurrency assets.

In the context of rising gold prices, the demand for gold in the first quarter reached 1,206 tons, a record level since 2016. Analysts point out that ETF investors and cryptocurrency users are seeking programmable and on-chain risk management tools. This shift is increasing the appeal of gold-backed cryptocurrency assets.

This information is intended to provide market insight and does not constitute investment advice.

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