Tether Gold offers a digital asset that is backed by physical gold, providing a stable store of value in the volatile cryptocurrency market. Each token represents ownership of one troy fine ounce of gold on a specific gold bar, ensuring transparency and trust for investors. This cryptocurrency combines the stability of traditional precious metals with the innovative characteristics of blockchain technology.
more informationBittensor is a decentralized protocol designed to create an open and scalable infrastructure for artificial intelligence and machine learning applications. By leveraging blockchain technology, Bittensor incentivizes participants to contribute computational resources for training AI models, promoting innovation and collaboration within the ecosystem. This unique approach aims to democratize access to AI resources, fostering a more inclusive environment for developers and researchers worldwide.
more informationGeneral Information |
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---|---|
Title
Tether Gold
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Title
Bittensor
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Symbol
xaut
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Symbol
tao
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Whitepaper
-
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Whitepaper
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-01-21 23:51
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
2723.4
$
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Current Price $
425.26
$
|
High 24h
2727.51
$
|
High 24h
432.76
$
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Low 24h
2679.58
$
|
Low 24h
386.06
$
|
Price Change 24h
31.58
$
|
Price Change 24h
20.33
$
|
Price Change % 24h
1.17302
%
|
Price Change % 24h
5.02152
%
|
Market Data |
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Market Cap
671795808
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Market Cap
3494839708
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Total Volume
13101735
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Total Volume
206359235
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Market Cap Change 24h
7883014
|
Market Cap Change 24h
176064204
|
Market Cap Change % 24h
1.18736
%
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Market Cap Change % 24h
5.3051
%
|
Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
246524.33
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Circulating Supply
8215232
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Total Supply
246524.33
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Total Supply
21000000
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Max Supply
-
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Max Supply
21000000
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Historical Data |
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All Time High (ATH)
2815.31
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All Time High (ATH)
757.6
|
ATH Change %
-3.20453
%
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ATH Change %
-43.76058
%
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ATH Date
2024-10-23 08:16
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ATH Date
2024-03-07 18:45
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All Time Low (ATL)
1447.84
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All Time Low (ATL)
30.83
|
ATL Change %
88.21747
%
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ATL Change %
1282.00786
%
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ATL Date
2020-03-19 13:45
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ATL Date
2023-05-14 08:57
|
In an era where the financial landscape is rapidly evolving, stablecoins have emerged as a pivotal innovation, providing investors with a semblance of stability amidst the volatility of cryptocurrencies. Among these, Tether Gold (XAUT) has garnered attention by combining the age-old stability of gold with the disruptive potential of blockchain technology. But what exactly is Tether Gold, and how does it fit into the broader ecosystem of cryptocurrencies? This article seeks to explore these questions, along with its historical performance and potential future outlook.
Tether Gold is a digital asset launched by Tether, one of the pioneering companies in the stablecoin arena. Each XAUT token represents ownership of one troy ounce of gold on a specific gold bar with serial number, weights, and purity that can be verified via the Tether platform. This leveraging of blockchain technology allows investors to acquire exposure to gold without the need to physically store it, making XAUT both a digital currency and a gold investment.
One of the primary advantages of Tether Gold is its stability. Unlike traditional cryptocurrencies that may experience significant volatility, XAUT's value is directly tied to the price of gold. This makes it an attractive option for investors looking to hedge against inflation or market downturns.
Moreover, Tether Gold offers unparalleled ease of access to gold. With the click of a button, users can buy fractions of gold without the logistical challenges of physical delivery and storage, thus democratizing access to what has traditionally been considered a luxury for institutional investors or the affluent.
Despite the appeal, Tether Gold is not without its challenges. A key concern is the centralization factor associated with Tether-issued tokens. Trusting a single entity to manage and store the underlying gold brings counterparty risk. Therefore, transparency in audit processes and the company's ability to maintain gold reserves are crucial.
Additionally, Tether and its suite of products have faced regulatory scrutiny. Concerns regarding compliance, particularly in jurisdictions with stringent financial regulations, pose potential risks to investors and the wider adoption of XAUT.
Since its inception, Tether Gold has performed as expected of a gold-backed asset, providing gradual appreciation in line with gold prices. Its all-time high, recorded in October 2024, reflects recent spikes in global gold prices in response to macroeconomic conditions. It's worth noting that XAUT's value increased significantly by over 90% since its all-time low in March 2020, showcasing its resilience amidst a maturing market.
Looking ahead, the future of Tether Gold will likely be influenced by broader trends in global economics and technology. If inflationary pressures continue to rise, and geopolitical uncertainties persist, the appeal of gold-backed assets could increase. Furthermore, greater integration with decentralized finance (DeFi) platforms and increased transparency could enhance its adoption and utility.
Yet, Tether Gold must navigate regulatory waters and maintain investor trust to sustain its growth trajectory. As blockchain technology evolves and more market players offer gold-backed tokens, Tether Gold will need to continually innovate to remain competitive.
In conclusion, Tether Gold represents a unique intersection of traditional finance and digital innovation. It stands out as a viable option for those seeking a stable, gold-backed cryptocurrency amidst market volatility. However, potential investors should remain vigilant regarding regulatory developments and assess their risk tolerance carefully. As with any investment, due diligence and a balanced portfolio approach are key to navigating the complexities of this emerging asset class.
Bittensor (symbol: TAO) is an intriguing digital asset in the ever-expanding world of cryptocurrencies. Currently trading at $533.02, Bittensor has shown a remarkable evolution since its inception. Its distinctiveness lies in its innovative approach to decentralized machine learning, making it a compelling topic for crypto enthusiasts and investors alike.
Bittensor has had an exciting journey in the market. Its all-time low (ATL) was $30.83 in May 2023, a point from which it catapulted to its all-time high (ATH) of $757.60 in March 2024. This dramatic increase in value represents an astounding 1629.63% rise from its ATL. Despite its retreat from the ATH, with a 29.61% decrease, Bittensor has maintained a strong presence in the crypto space.
One of the primary advantages of Bittensor is its unique application of decentralized machine learning. This feature sets it apart from many other cryptocurrencies, as it harnesses the power of blockchain technology to train artificial intelligence models in a decentralized manner. This innovative approach not only promotes transparency and security but also incentivizes participation through its tokenomics.
Furthermore, the relatively low total supply of 21 million TAO tokens positions Bittensor as a potential store of value with deflationary characteristics. This scarcity could contribute to increased demand and price appreciation over time.
Despite its promising technology and potential, Bittensor is not without its challenges. The high volatility, characteristic of most cryptocurrencies, poses a significant risk to holders. The price fluctuations within a 24-hour period, with a recent range between $509.31 and $540.24, highlight its volatility.
Additionally, like many innovative blockchain projects, the success of Bittensor hinges on its adoption and the continued improvement of its technology. Competing platforms could potentially overshadow it if they succeed in delivering superior solutions or capturing market attention.
Looking ahead, Bittensor's future is tied closely to the broader acceptance and integration of blockchain-based machine learning solutions. Crypto analysts may speculate on its potential to disrupt the industry, being well-poised to leverage artificial intelligence's growing demand.
The market cap of nearly $3.93 billion indicates significant interest and investment in Bittensor, suggesting a strong community and potential for future growth. The ability of Bittensor's developers to enhance its technology and expand its user base will be critical in determining its long-term success.
In conclusion, Bittensor presents a fascinating case study in the crypto world. Its unique features and potential applications in decentralizing AI are compelling. However, investors should remain aware of its volatility and the challenges it may face in a highly competitive market. Overall, Bittensor offers a promising yet cautious bet on the future of decentralized technologies.