🚀 Toncoin Eyes a Comeback as Bitfinex Unveils Tokenized Gold on TON
Toncoin is showing signs of recovery 📈, with bulls aiming to reclaim the 50-period EMA on the 4-hour chart. This uptick follows Tuesday’s big news: Bitfinex has officially launched tokenized gold on The Open Network (TON) 🪙.
Bitfinex, one of the top 15 global crypto exchanges by daily volume, rolled out XAUT0—a gold-backed digital asset powered by TON. The move is expected to boost access to gold through a high-performance and secure blockchain 🔐⚡.
Users can now deposit and withdraw XAUT0 via TON’s network, which was chosen for its fast, low-cost, and scalable infrastructure. Bitfinex also enables seamless 1:1 conversions between XAUT0 and XAUT through its built-in Currency Conversion tool 🔄🏅.
While the token adds flexibility for users looking to manage or transfer digital assets, it’s worth noting that XAUT0 is not issued or redeemed by USDT—an important detail for investors ⚠️.
Real-world asset (RWA) tokenization is gaining momentum, with platforms like XRP Ledger, Solana, and Ondo Finance leading the charge. TON’s new gold asset adds it to the list of networks bridging crypto and traditional finance 🌉🏦.
Toncoin, meanwhile, bounced off support at $2.72 and is trading around $2.81. A move past the 200-period EMA at $2.91 could open the door to a push toward $3.00 🚀. Key support remains at $2.72 and $2.60.
📊 Keep an eye on price action—momentum could be building.
#Toncoin #TON #Bitfinex #CryptoNews #TokenizedGold #XAUT0 #Blockchain #CryptoUpdate #RWATokenization #DeFi #DigitalAssets #CryptoMarket #GoldOnBlockchain #CryptoTrading #Web3 #TONCommunity
---