Pax Gold and Tether Gold Surpass $5,000, Reflecting Strong Gold Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3d ago- Tokenized Gold Breakthrough: Pax Gold surged from the mid-$4,600 range to above $5,000 this week, indicating strong buying pressure and heightened demand for gold in the market.
- Rapid Market Response: The trading of tokenized gold is unrestricted by traditional market hours, allowing it to reflect macroeconomic flows in real-time, serving as an immediate proxy for inflation hedging and rate expectations.
- Structural Breakout Signal: Both Pax Gold and Tether Gold maintained support above $4,900 after brief pullbacks, signaling a market structure change where former resistance levels have turned into support.
- Expansion to Other Assets: The tokenization trend extends beyond commodities, with Nasdaq exploring tokenized stock trading, and gold's performance provides a forward-looking demonstration of how traditional assets may behave once freed from trading hour constraints.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
