Just realized something interesting about the cryptos to invest in right now. Everyone's talking about Bitcoin being down, but there's this gold-backed token called Pax Gold that's actually been holding up pretty well. It's up over 43% this year while BTC is struggling.

So basically, Pax Gold is just physical gold on the blockchain - each token backed by actual gold stored in London. The price moves with gold, and it's trading around $4.79K per token. The cool part? You can trade it 24/7 without paying ETF management fees, and you technically own the real gold behind it.

Compare that to traditional gold ETFs - you're paying annual fees just to hold them. With Pax Gold, you get direct ownership and can even exchange it for physical gold if you want. That's a pretty different setup.

The thing is, gold's been on a tear lately, so Pax Gold has followed that wave. But it's worth remembering this is still tied to gold prices - when gold cools off, so does this token. Right now though, if you're looking at cryptos to invest in and want something that's actually performing, this is one of the few that's not getting wrecked like Bitcoin.

Anyone else looking at gold-backed tokens as a hedge? The market cap is already over $2.3B, so it's not exactly tiny anymore.