Analysts name digital assets that have grown amid the fall of the cryptocurrency market

Crypto market analysts note that amid the escalating conflict between Israel and Iran, investors have rushed to so-called safe havens, which has caused a jump in the price of gold and related cryptocurrencies. On Friday night, the spot price of gold rose by 1.2% to $ 3,427 per ounce, and futures rose even higher to $ 3,457. These are the highest levels in more than a month.

This momentum has also spread to gold-linked cryptocurrencies, including Tether Gold (XAUT) and PAX Gold (PAXG). Both tokens showed growth of up to 2% per day, and their annualized returns exceeded 30%. As of 11:30 p.m. ET, PAXG was trading at $ 3,435 and XAUT at $ 3,456, which effectively mirrors the prices of physical gold.

These results contrast with the drop in traditional cryptocurrencies: Bitcoin BTC $105,478.32 Bitcoin 1.76% Market capitalization $2.1 trillion VOL. 24 hours $2.07 billion fell by 3.38%, and Ethereum ETH $2,562.25 Bridged Ether (StarkGate) 2.90% Market capitalization $0.15 billion VOL. 24 hours $2.1 billion - by almost 9% over the same period. Investors, frightened by the military escalation, obviously prefer more stable assets, which is what gold tokens have been using.

Famous gold supporter Peter Schiff again criticized the idea of perceiving Bitcoin as «digital gold,» noting that BTC’s behavior in crisis situations does not correspond to the status of a safe-haven asset. In view of this, the position of tokens backed by real assets may continue to strengthen, especially amid geopolitical instability.