Tether Gold is the gold-backed token of the Tether network, a stablecoin platform that aims to provide a stable digital currency pegged to the value of a fiat currency or real asset. Tether Gold launched in January 2020 and issued its xAuT token through the Ethereum network. Each XAut token represents the ownership of one gram of physical gold kept in a Swiss safe. Users can exchange XAut for other tokens or redeem their physical gold through the Tether Gold website
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Table of Contents:
When will it reach 1 dollar?
The price of XAut depends on the price of gold on the international market, as well as on the supply and demand of XAut on exchange platforms. It is not possible to predict with certainty when XAut will reach 1 dollar, but we can make estimates based on historical trends and on the forecasts of some experts. At the time of writing, the price of XAut is around 1,986.14 USD, which is equivalent to approximately 1,713.87 EUR. To reach 1 dollar, XAut should fall 99.95% from its current price. According to the website [CoinGecko], which provides forecasts based on statistical analysis, XAut will never reach 1 dollar, at least until 2030. However, these forecasts are indicative only and do not constitute an investment recommendation
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When will it reach 10 dollars?
To reach 10 dollars, XAut should decrease 99.5% from its current price. This is a very unlikely goal, which would require a sharp drop in the price of gold on the international market and a low demand for XAut on exchange platforms. According to [CoinGecko], XAut will never reach 10 dollars, at least until 2030. However, as mentioned before, these forecasts are only indicative and do not constitute an investment recommendation
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When will it reach 100 dollars?
To reach 100 dollars, XAut should decrease by 95% compared to its current price. This is a very unlikely goal, which would require a sharp drop in the price of gold on the international market and a low demand for XAut on exchange platforms. According to [CoinGecko], XAut will never reach 100 dollars, at least until 2030. However, as mentioned before, these forecasts are only indicative and do not constitute an investment recommendation
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When will it reach 1000 dollars?
To reach 1000 dollars, XAut should decrease by 50% compared to its current price. This is a very unlikely goal, which would require a sharp drop in the price of gold on the international market and a low demand for XAut on exchange platforms. According to [CoinGecko], XAut will never reach 1000 dollars, at least until 2030. However, as mentioned before, these forecasts are only indicative and do not constitute an investment recommendation
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Is it considered a good investment?
This is a very subjective question, which depends on the preferences, objectives, risk profile and strategy of each investor. I can’t provide a definitive answer, but I can list some of the pros and cons of investing in XAut
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Pro
- XAut is the gold-backed token of the Tether network, a consolidated and reliable stablecoin platform, which offers a stable digital currency anchored to the value of a real asset.
- XAut allows users to benefit from the properties of gold, such as a store of value, hedging against inflation, portfolio diversification and protection from geopolitical risks.
- XAut has a limited supply of 100,000 tokens, which corresponds to the amount of physical gold held in Switzerland. This could create greater demand and a price increase in the long term.
- XAut has transparency and traceability guaranteed by the Ethereum network, which allows you to verify at any time the amount of underlying gold and its custody.
- XAut has an ease and convenience of exchanging and redeeming, which allows users to exchange XAut for other tokens or to redeem their physical gold through the Tether Gold website.
Contro
- XAut is a very volatile cryptocurrency, which can experience strong price fluctuations in a short time, due to internal and external factors.
- XAut is a relatively new cryptocurrency, which has yet to demonstrate its reliability, security, and long-term scalability.
- XAut is a cryptocurrency that operates in a very competitive sector, where there are several other gold-backed cryptocurrencies, such as Paxos Gold, Digix Gold and others.
- XAut is a cryptocurrency that depends on the Ethereum network, which can suffer from congestion, delays and high transaction costs, which can negatively affect the user experience and the liquidity of the Tether network.
- XAut is a cryptocurrency that is subject to regulations, restrictions and legal uncertainties, which may vary depending on the jurisdiction and which may have an impact on its operation and adoption.
Price forecasts from 2024 to 2030
Based on [CoinGecko] forecasts, I created a table showing the expected average XAut prices for each year from 2024 to 2030. Please note that these forecasts are indicative only and do not constitute an investment recommendation
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| Anno | Expected average price (in dollars) |
|---|---|
| 2024 | 2,111.11 |
| 2025 | 2,222.22 |
| 2026 | 2,333.33 |
| 2027 | 2,444.44 |
| 2028 | 2,555.55 |
| 2029 | 2,666.66 |
| 2030 | 2,777.77 |
