Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time -Breaking
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For the first time ever, $1 billion was reached by crypto tokens that are gold-backed. The market capitalization for these tokens grew 60% to exceed $1.2 Billion in 2022. As perArcane Research, its most recent weekly report.
Investors have been flocking to crypto-backed gold assets in 2022 because of their perceived safety and pegged value to gold.
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