Altcoins Hit Record Lows Against Gold as RWA Tokens Gain Traction

• The latest industry analysis outlines a sharp acceleration; the tokenised gold and silver market value has taken to new highs.
• The leader remains Ondo (ONDO), up around 0.3% in the past 24 hours; PAX Gold (PAXG) is higher by about 0.6% on the day. 

The founder and chief executive officer at MN Fund, Michael van de Poppe, has fired a warning flare by revealing that the current value of altcoins against gold is the smallest it has ever witnessed. 

The relative strength index also stood at 25 on the weekly timeframe, which hasn’t happened before. The CEO further mentioned that the only other analogue was “the COVID crash (a Black Swan).” Having spot gold crashing near $5,000 per ounce, the ratio now operates as a cruel scoreboard of how far non-major crypto has lagged the metal.  

The real-world-asset tokens supported by gold stand at the core of this stress test. PAX Gold (PAXG), which shows title to an allotted London Good Delivery bar, trades around $5,035.43, down about 0.09% over the past 24 hours, having a $425.2 million daily volume and a $4,985.75-$5,088.73 intraday range. 

The Surging Altcoins 

The leader remains Ondo (ONDO), up around 0.3% in the past 24 hours; PAX Gold (PAXG) is higher by about 0.6% on the day; Maker (MKR) captivated 2-3% in 24 hours; and Chainlink (LINK) traded fractionally below the normal trading price, which analysts say may be opposing the wider crypto bear trend. 

The RWA sector is surging, but not evenly. CoinMetrics and Tokeny data put tokenised commodities headed by gold-supported tokens such as PAXG and XAUT in around the $0.8-$1 billion range as of the biggest comprehensive report. 

The latest industry analysis outlines a sharp acceleration; the tokenised gold and silver market value has taken to new highs this year as regulatory clarity enhances and big institutions experiment with on-chain funds and vault-associated products. 

Still, derivatives flow represents how strongly this niche still trades; not long ago, a week witnessed RWA perpetuals volume hikes over $15.5 billion as gold futures slipped more than 10% and silver around 28%, forcing liquidations over leveraged positions. 

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