What are the best cryptocurrencies to invest in during a rise in gold prices?

1 answers

• Jan 02, 2022 · 3 years ago
  During a rise in gold prices, it's crucial to consider cryptocurrencies that have a strong correlation with gold or are backed by physical assets. One such cryptocurrency is Tether Gold (XAUT), which is a stablecoin backed by physical gold. This cryptocurrency provides a convenient way to invest in gold without the need for physical storage. Another option to consider is DigixDAO (DGD), which is a cryptocurrency that represents ownership in physical gold stored in vaults. These cryptocurrencies offer a way to hedge against the volatility of traditional cryptocurrencies while still benefiting from the rise in gold prices. However, it's important to note that investing in cryptocurrencies always carries risks, so it's advisable to do thorough research and seek professional advice before making any investment decisions.
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