Amidst Red Markets & Geopolitical Jitters, Why is $PAXG Shining Green?
The crypto market is seeing significant corrections today, with #Bitcoin dipping below $103,000 and altcoins plunging, largely influenced by escalating geopolitical tensions in the Middle East.
However, take a look at $PAXG (Pax Gold)! While much of the market is flashing red, PAXG
holding strong and even showing green.
Why? PAX Gold is a gold-backed cryptocurrency. Each token represents one fine troy ounce of physical gold stored in secure vaults. Historically, gold acts as a safe-haven asset during times of economic uncertainty and geopolitical instability. Reports show gold prices surged today amidst the tensions.
This makes $PAXG fascinating asset to watch when traditional "risk-on" assets are under pressure.
#IsraelIranConflict
#MarketPullback