The global shift towards digitalisation and the adoption of cryptocurrencies is propelling societies towards a cashless future. According to finance futurologists, the future of money lies in crypto, given the widespread use of cryptocurrencies and their various applications. While Bitcoin remains popular among crypto enthusiasts, other coins such as USDT, USDC and XAUt constantly improve their features to meet diverse financial requirements. This article discusses what XAUt is and gives XAUt token price predictions for 2023 and beyond. 

What is Tether Gold (XAUt)

Tether Gold (XAUt) is a stablecoin backed by gold. Each XAUt token represents one troy ounce (31.1035 grams) of gold stored in a Swiss vault. Tether, the company behind USDT, issues XAUt. 

Launched in January 2020, XAUt allows users to gain exposure to gold without needing physical storage. It offers the same benefits as physical gold, such as preserving purchasing power and safeguarding against inflation, while also providing the convenience of trading on cryptocurrency exchanges. 

XAUt operates on the Ethereum blockchain and complies with the ERC-20 standard, enabling storage and trading on compatible wallets and exchanges. XAUt can be bought and sold on major cryptocurrency exchanges, and upon request, it can be converted to physical gold, subject to a small redemption fee imposed by Tether.

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XAUt's History

TG Commodities Limited established Tether Gold. Tether was co-founded by Brock Pierce, Reeve Collins and Craig Sellars.

Reeve Collins, the former CEO of Tether, announced the project's rebranding from Realcoin to Tether in 2014. Craig Sellars, the former CTO of Tether, also served as the CTO of the Mastercoin Foundation, which developed the protocol used by Tether. 

Currently, Paolo Ardoino serves as the CTO of Tether and iFinex. He is responsible for leading the technical development and innovation of both companies and serves as the public voice of Tether.

How Tether Gold Works

Tether Gold (XAUt) is a cryptocurrency offered by Tether Limited, claiming to be backed by physical gold reserves stored in a Swiss vault. 

To begin using Tether Gold, one must purchase XAUt tokens from a cryptocurrency exchange or broker, representing ownership of a portion of the gold stored by Tether. Each token holds a value in gold, subject to change based on market conditions. These tokens can be stored in a digital wallet for various purposes, including trading, sending to others or simply holding for investment. 

Tether Gold provides a blockchain-based alternative to physically owning gold, offering convenience and security. Ultimately, the value of Tether Gold is determined by the actual gold reserves held by Tether Limited and the demand for the tokens in the market.

Tether Gold (XAUt) White Paper

According to the XAUt white paper, each XAUt token represents one troy ounce of London Good Delivery gold stored in a vault in Switzerland. The tokens can be fractionated up to six decimal places, allowing increments as small as 0.000001 troy fine ounces. 

XAUt holders can redeem their tokens for physical gold, with certain fees and minimum redemption requirements. The gold will be delivered to a location of the holder's choice in Switzerland. Alternatively, holders can request Tether Gold to sell the gold and receive the proceeds instead of physical delivery.

Tether Gold will provide a "Look-up Website" where anyone can identify the gold bar(s) linked to each on-chain address holding XAUt tokens. When an on-chain transaction transfers XAUt from one address to another, the physical gold associated with each address will be reallocated by Tether Gold to minimise the number of gold bars per address. This reallocation happens instantly to ensure that each XAUt token always represents ownership of a particular gold bar. 

To purchase or redeem XAUt with Tether Gold, users must complete an identity verification process, agree to specific terms of service for XAUt, and meet the applicable minimums for purchase or redemption.

Tether Gold (XAUt) Benefits

Tether Gold offers several potential benefits, distinguishing it from other stablecoins, especially fiat-backed stablecoins. These benefits include:

• Stability. Unlike traditional cryptocurrencies that are known for their volatility, Tether Gold is backed by physical gold held in Tether's reserves. This backing reduces the likelihood of wild price fluctuations. 
• Accessibility. Tether Gold enables investors to own gold without needing to physically possess or store the metal in a bank. Each Tether Gold holder has ownership rights to specific gold bars, which can be identified using unique serial numbers. Furthermore, investors can even convert their tokens into real gold through verification. 
• Liquidity. Tether Gold can be easily traded on cryptocurrency exchanges, providing investors with a liquid asset option. This convenience allows for seamless investment in the asset without concerns about storage costs. 
• Security. Tether Gold's gold reserves are securely stored in a trusted Swiss vault. This storage arrangement offers assurance to investors that their investment is secure. 
• Transparency. Tether consistently provides proof of ownership and fully-audited reports to demonstrate the legitimacy and transparency of its gold reserves. This commitment to transparency allows investors to have confidence in the underlying asset.

Tether Gold (XAUt) Price Analysis

When writing this Tether Gold (XAUt) price prediction on 16 July 2023, the token's price was $1,954.92, with a daily trading volume of $4,616,906. XAUt token was ranked #82 on CoinMarketCap, with a market capitalisation of $481,996,103 and a circulating supply of 246,524 XAUt.

Tether Gold (XAUt) price statistics (as of 14/07/23)

Tether Gold token's price history

As of 16 July 2023, the latest data indicates that the crypto has experienced a decrease of 0.01% in its current value within the past 24 hours. Furthermore, comparing the current market cap of XAUt with yesterday's, it's evident that the market cap has also declined.

Over the past seven days, XAUt displayed a positive upward trend, increasing by 1.66%. This indicates that Tether Gold has demonstrated strong potential recently, presenting a favourable investment opportunity. Looking at the past month, the price of XAUt has decreased by 3.208%, resulting in an average depreciation of $64.79 from its current value. This sudden decline suggests the token is currently in a dip, which could benefit those looking for a quick investment opportunity. 

Over 90 days, the price of the XAUt token has changed by approximately 1.77%. During this period, the average price ranged from a minimum of $1,901.45 to a maximum of $1,928.05. In the last 4 months, Tether Gold has shown a consistent upward trend, indicating its popularity in the market during that period. Recent data reveals an increase in trading volume for Tether Gold, emphasising the significant role trading volume plays in influencing its price. 

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XAUt/USDT price chart

XAUt technical analysis

Tether Gold has an average long-term technical score of 54. XAUt’s long-term technical score is higher than 54% of cryptocurrencies. For long-term investors using a buy-and-hold strategy, the Long-Term Rank is important for asset allocation.

The current trading price for XAUt is $1,957.83, which is $15.03 below its 100-day moving average of $1,972.87. XAUt is also $343.16 above its 52-week low of $1,614.67 and $93.81 below its 52-week high price of $2,051.65. 

Considering Tether Gold's current price relative to its long-term average and 52-week high and low, it receives an average long-term technical score of 54. Based on XAUt's price movement and range, investors currently have a neutral stance on the token.

Tether Gold Price in 2023

PricePrediction suggests that the XAUt token’s price may drop to a minimum of $2,319.91 in 2023. Their research indicates that the XAUt price may reach a maximum of $2,583.78, with an average forecast price of $2,397.96.

Is Tether Gold a good investment?

Tether Gold's value is predicted to keep growing due to a shortage that typically leads to price increases. It's important to be aware that there are always risks involved in investments. Before making any decisions, only invest in what you can handle and conduct thorough research.

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Tether Gold (XAUt) price prediction 2023-2050

If you’re seeking Tether Gold price predictions for 2023, 2024, 2025 and 2030, and you want to understand the future price movements of Tether Gold (XAUt), check out the expert opinions on its future price actions provided below.

WalletInvestor XAUt token price prediction for 2023, 2025, 2030, 2040 and 2050

WalletInvestor suggests that XAUt is a promising long-term investment, with a predicted average price of $2,137.974 by the end of 2023. They also anticipate a price of $2,485.670 for XAUt in 2024 and a further increase to $2,832.024 in 2025. WalletInvestor’s forecast even suggests that by the end of 2028, the price of Tether Gold could reach $3,656.387.

PricePrediction.net XAUt price prediction for 2023, 2025 and 2030

Based on PricePrediction’s analysis, Tether Gold is forecasted to reach a minimum price of $2,319.91 in 2023, with a maximum price of $2,583.78 and an average trading price of $2,397.96. In 2025, the minimum price for Tether Gold is expected to be $5,073.72, while the maximum price could reach $5,861.85, with an average value of $5,211.73. In 2030, the minimum price for 1 Tether Gold is projected to be $31,645.96, with a maximum price of $38,152.82 and an average price of $32,773.84 throughout the year.

Gov.Capital XAUt crypto price prediction for 2023, 2025 and 2030

According to Gov.Capital’s projections, the price of Tether Gold (XAUt) is expected to increase by 65.47% to $3,233.4634137045 within a year. By the end of 2024, the average price of XAUt is predicted to be $3,336.365. 2025 the asset’s value will continue rising and reach $5,080.185. According to the same source, by the end of 2026, the price of XAUt will reach $7,410.357. The price prediction for XAUt in December 2027 is $9,270.565.

XAUt future forecast in general

Most analysts and platforms agree that XAUt’s price will likely continue to increase in the second half of 2023 and beyond. However, the crypto market’s volatility makes it challenging to accurately predict Tether Gold’s future price. 

How high can the XAUt token go?

Tether Gold has great potential to achieve remarkable price growth. Experts and analysts predict that XAUt will experience a significant increase in value. It's projected that Tether Gold could reach a peak price of $32,773.84 by 2030, as specific experts and business analysts have suggested.

Tether Gold price prediction today

The projected price for Tether Gold (XAUt) at the end of the year is $2,397.96. Looking ahead to the five-year plan, experts estimate that the token could reach $11,437.15.

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