Cardano

tSILVER

Silver

Gold

Polytrade

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 <p class="paragraph">Amid reports that silver price is quietly outpacing gold in 2024, having increased its value by over 20% since the year’s turn and settling at $28.7 per troy ounce after hitting $30 an ounce for the first time since May 2021, there are two tokenized silver cryptocurrencies that can offer exposure to it.</p>
 <p class="paragraph">As it happens, the silver price has recently hit its highest level in the last eleven years (albeit still well below its all-time high of $47.9 from April 2011), increasing not only the demand for the precious metal but also digital assets backed by physical silver, although there aren’t many of them out there.</p>
 <figure class="wp-block-image"><img decoding="async" width="1600" height="432" src="https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp" alt="Silver price 5-year chart" class="wp-image-169070" srcset="https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp 1600w, https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp 1024w, https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp 768w, https://cdn.thebittimes.com/images/2024/04/15/5ef4be93f18df486442949fc80e87e6f.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>Silver price 5-year chart. Source: </em><em>TradingView</em>
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 <h2 class="wp-block-heading" id="h-1-tsilver-txag">#1 tSILVER (TXAG)</h2>
 <p class="paragraph">Specifically, one of the most notable silver-backed crypto assets is Aurus’ tSILVER (TXAG), a silver-backed stablecoin on the Ethereum (ETH) blockchain minted by a network of traders from the traditional precious metals market and 1:1 collateralized by 1 gram of 99.99% LBMA-accredited silver.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    <p lang="en" dir="ltr">Polytrade will introduce Aurus' tokenized precious metals – tGOLD (TXAU), tSILVER (TXAG), and tPLATINUM (TXPT) – onto the RWA marketplace. <br><br>Gold, Silver, and Platinum will now be just a few clicks away!</p>— Polytrade (@Polytrade_fin) February 6, 2024
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 <p class="paragraph">At the moment, the price of TXAG stands at $0.9133, which suggests an increase of 2.14% in the last 24 hours, a 2.71% gain across the previous seven days, as well as an impressive advance of 56.22% on its monthly chart, according to the latest data on April 15.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="448" src="https://cdn.thebittimes.com/images/2024/04/15/32bbec55f6e4b8d84694301387dc132e.webp" alt="tSILVER price 30-day chart" class="wp-image-169068" srcset="https://cdn.thebittimes.com/images/2024/04/15/32bbec55f6e4b8d84694301387dc132e.webp 750w, https://cdn.thebittimes.com/images/2024/04/15/32bbec55f6e4b8d84694301387dc132e.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>tSILVER price 30-day chart. Source: </em><em>Finbold</em>
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 <h2 class="wp-block-heading" id="h-2-kinesis-silver-kag">#2 Kinesis Silver (KAG)</h2>
 <p class="paragraph">Meanwhile, Kinesis Silver (KAG), which launched for trading on the Dubai-based Emirex exchange one year ago alongside Kinesis Gold (KAU), is the virtual asset product by the crypto trading and payment service platform Kinesis Money, backed by fine silver “stored in fully insured and audited vaults.”</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">KAG is physical #<a rel="noopener noreferrer nofollow" title="silver" href="https://thebittimes.com/tag/silver.html">silver</a> made for the blockchain.<br><br>Each KAG is <a rel="noopener noreferrer nofollow" title="backed" href="https://thebittimes.com/tag/backed.html">backed</a> by one ounce of fine <a rel="noopener noreferrer nofollow" title="silver" href="https://thebittimes.com/tag/silver.html">silver</a> stored in fully insured and audited vaults. Even better, the #<a rel="noopener noreferrer nofollow" title="silver" href="https://thebittimes.com/tag/silver.html">silver</a> is in your name, and legally belongs to you.<br><br>Find out more about Kinesis Silver here:https://t.co/VaMD7hubeE</p>— Kinesis Money (@KinesisMonetary) September 12, 2022
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 <p class="paragraph">Currently, KAG is changing hands at the price of $28.77, recording a 0.39% gain on the day, growing 3.64% across the past week, and adding up to the accumulated increase of 13.36% over the month, as per the most recent information retrieved by Finbold.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/04/15/4b8aede79905a1f5a79d9c62e26cc878.webp" alt="Kinesis Silver price 3-day chart" class="wp-image-169069" srcset="https://cdn.thebittimes.com/images/2024/04/15/4b8aede79905a1f5a79d9c62e26cc878.webp 1200w, https://cdn.thebittimes.com/images/2024/04/15/4b8aede79905a1f5a79d9c62e26cc878.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/4b8aede79905a1f5a79d9c62e26cc878.webp 1024w, https://cdn.thebittimes.com/images/2024/04/15/4b8aede79905a1f5a79d9c62e26cc878.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Kinesis Silver price 3-day chart. Source: </em><em>CoinMarketCap</em>
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 <h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
 <p class="paragraph">All things considered, the tokenized versions of this precious metal, as is the case with gold-<a rel="noopener noreferrer nofollow" title="backed" href="https://thebittimes.com/tag/backed.html">backed</a> <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a>, inadvertently entail significant risks, so detailed <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and weighing one’s risk tolerance is necessary before investing a significant amount of money in them.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2-silver-backed-cryptocurrencies-to-invest-in-as-demand-skyrockets-tbt85398.html">https://thebittimes.com/2-silver-backed-cryptocurrencies-to-invest-in-as-demand-skyrockets-tbt85398.html</a></p>

2 silver-backed cryptocurrencies to invest in as demand skyrockets

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