Why Gold-packed coins maintained
stable prices during latest downside of
altcoins?!
Short Answer
Gold‑backed tokens like
$PAXG largely held up because their price is anchored to physical gold (a low‑volatility, liquid reference), they attract safe‑haven flows during risk‑off episodes, and they have structural features—redemption, institutional custody, and lower leverage—that reduce speculative selling pressure.
Why (concise drivers)
Reference Asset Anchoring
Most gold‑packed coins redeem or peg to spot gold or an audited reserve; that link limits free‑floating downside because sellers can arb