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By Austin DeNoce, Benzinga

After years of relatively range-bound trading till 2023, gold is finally making moves that may hint at a bull market on the horizon. Price targets are inherently speculative, but in historical bull markets, the U.S. Treasury's gold value exceeded the monetary base by 1.5 times, suggesting a price of $32,000 per ounce considering today's $5.6 trillion Fed balance. Even adjusting for $3.2 trillion in excess reserves, a conservative estimate places gold at $14,000 per ounce to match historical ratios. These figures, while astonishing, align with past trends during periods of deflation and inflation, and given the current economic climate, it's not impossible that gold could reach these unprecedented levels again as investors seek protection from increasing financial instability during an election year.

Historical Context

Gold's journey from uncertainty to breakthrough in recent weeks has been particularly noteworthy. After a surge in 2020 partly driven by a massive increase in global liquidity during the pandemic, gold consolidated in a range for several years, but it finally made a decisive move beyond the $2,000 to $2,100 resistance zone on Mar. 4. This event wasn't just another peak; it confirmed gold's sustained uptrend that began in the early 2000s, showcasing its resilience and potential for further gains as a possible bull run similar to the 70s and early 2000s gathers steam.

Gold has long held a valuable role as a hedge against the debasement of fiat currencies and the expanding global money supply, a pressing issue since the departure from the gold standard in 1971. However, this threat of debasement has grown even stronger recently with the rapid increase in the national debt and accompanying rise in interest obligations, which the Congressional Budget Office projects to be $870 billion in 2024 and $950 billion in 2025. This backdrop suggests a potential renaissance for gold, with the metal not just breaking past old barriers but potentially setting the stage for unprecedented growth in direct response to the ongoing debasement.

Recent Market Trends and Central Bank Activity

Despite a continued outflow from global gold ETFs for the ninth consecutive month leading to a $2.9 billion reduction in assets and a 49-ton decrease in holdings gold prices have shown resilience. This price stability can largely be attributed to significant purchases by central banks offsetting the impact of these ETF outflows. In February, North America experienced the most substantial outflows, reflecting investor anticipation of higher-for-longer rates due to the stronger-than-expected labor market and stickier inflation rates, which contributed to a stronger dollar and the reduced ETF holdings.

However, Asia, led by China, recorded inflows for the twelfth consecutive month. Meanwhile, central banks globally added 39 tons to their reserves in January alone, with Turkey and China at the forefront of these acquisitions. This enduring demand from central banks, underscored by a year of strong gold buying in 2023, signals their continued support for gold as a valuable reserve asset and growing concern around fiat debasement.

The Western Wake-Up Call

While central banks and the Eastern world continue to buy gold, the Western world and retail more broadly seem to be lagging behind. However, the awakening of Western investors to the gold market could herald a significant boost to gold and gold-related stocks in the months to come. Even with gold prices at all-time highs, the ETF flows suggest retail has yet to join the market, implying a lot of potential momentum still to come.

Ultimately, this is setting the stage for considerable potential gains in the gold sector, particularly for gold explorers like Austin Gold (AMEX: AUST) thanks to their potential to deliver superior returns compared to direct gold and silver investments. Austin Gold also recently completed its inaugural diamond drilling campaign at the Stockade Mountain Project, with three exploration holes drilled over the winter season highlighting the potential of its assets.

All that being said, its impossible to predict if or when sentiment will shift with complete accuracy, but if history repeats and gold's historical relationship to the monetary base holds true, $14,000 per ounce isnt out of the question.

Featured photo by Jingming Pan on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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Benzinga

COMTEX_451454564/2655/2024-04-26T08:18:29

–News Direct–

By Austin DeNoce, Benzinga

Many investors trade crypto as a way to make short-term profits. However, what about those who purchase cryptocurrencies such as Bitcoin and Ether with the intention of holding them as long-term investments, anticipating future appreciation? Most people assume that these assets need to be sold to unlock their financial value. However, there is another way to access liquidity without selling valuable currencies like Bitcoin and Ether crypto-backed loans.

Through the process of crypto-backed loans, crypto holders can use their digital assets as collateral to secure USD (or other currency) loans. This innovative approach allows individuals to maintain ownership of their cryptocurrencies while accessing liquid funds in the form of fiat or stablecoins.

Accessing Liquidity Through Crypto Loans

Crypto loans offer crypto holders a strategic avenue for liquidity without divesting their digital holdings. By using cryptocurrencies as collateral, crypto holders can secure loans that provide immediate liquidity. This liquidity can be used to further diversify investment portfolios, cover personal expenses or even support business ventures. Importantly, accessing funds in this way does not constitute a sale of the crypto assets, meaning you arent realizing any gains or potentially creating a taxable event. You are still allowing the crypto to potentially appreciate in value. Such financial flexibility can amplify your ability to navigate and capitalize on market opportunities without sacrificing your long-term crypto investments.

Why Choose Ledn?

Ledn stands out as a leading platform for managing and growing digital assets. It emphasizes simplicity and transparency, crucial for building trust. Ledn offers a reliable environment for crypto lending as it is backed by notable investors like Coinbase and 10T Holdings and Ledn Cayman SEZC Inc. holds regulatory approval from the Cayman Islands Monetary Authority.

For those needing liquidity, Ledn provides crypto-backed loans, which are typically available within 24 hours after approval. These loans are flexible, with no penalties for early repayment, no mandatory monthly payments and 50% loan-to-value. They support only the most liquid cryptocurrencies as collateral (e.g. BTC, ETH) and maintain high security standards. Clients can choose between their Standard and Custodied loan options depending on their risk tolerance.

Risk Management And Transparency

Ledn sets itself apart in the digital asset industry by prioritizing risk management and transparency. Ledn was the first crypto lender to introduce biannual Proof-of-Reserves attestations that allow users to verify their assets are accurately accounted for. The decision mirrors the verify dont trust ethos of Bitcoin to create a new standard of accountability in digital asset management. Ledn also offers a monthly open book report to break down its asset utilization and interest generation to help users understand what drives Ledns rates. This commitment to transparency is unparalleled by competitive platforms and ensures that clients are well-informed. In an industry that has suffered from the Celsius and BlockFi collapses, client trust must be earned. Ledn says it is the only lending platform that provides its users with all the essential information to independently confirm the status of their crypto holdings.

A New Era Of Crypto Financing

If you're in need of liquidity but dont want to sell your assets and potentially create a taxable event, Ledn can help you through a secure and transparent lending service. It is a robust solution for anyone looking to maximize the potential of their digital assets in the evolving crypto economy.

Featured photo by Jievani Weerasinghe on Unsplash.

Ledn builds innovative financial products with a mission to make generational wealth more accessible through digital assets. The company issued Canadas first bitcoin-backed loan in 2018 and has issued nearly $5B loans since. Ledn is proud to help clients in over 130 countries access credit and savings products to grow their digital wealth. For more information, visit ledn.io.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing or tax advice.

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Ledn

COMTEX_451454565/2655/2024-04-26T08:18:31

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Established altcoins such as Solana (SOL) and Toncoin (TON) experience market swings. However, none have risen as rapidly as KangaMoon (KANG), a rising Stage 5 presale star. Early buyers of this altcoin have already obtained a 290% ROI. Many analysts hint that this crypto may become the next $1 altcoin in 2024. Lets see why.

Altcoin Sherpa Remains Bullish for the Solana Coin

Recently, Solana (SOL) has been on an uptrend. According to CoinMarketCap data, the Solana price increased from $136 to $153 over the past week alone. Its market cap soared from $60.73B to $68.66B during that time. Crypto analyst Altcoin Sherpa claims that a price chop between the $115-$140 area could signal a bottom for SOL, which is very bullish.

The technical analysis for the Solana crypto also shows bullish signs. For example, this altcoin trades above its 100 and 200-day EMAs while boasting 25 green technical indicators. As a result, experts in the crypto field have made a bullish Solana price prediction. They forecast a jump to $228.09 before Q2 of 2024 ends for Solana.

Toncoin Price Analysis: Showing an Upward Trajectory

Meanwhile, Toncoin (TON) is another altcoin that has been soaring. CoinMarketCap data shows that the Toncoin price jumped from $4.90 to $5.65 in the last 30 days. This altcoins market cap surged from $17.09B to $19.64B in that period.

This bullish trend for the Toncoin crypto may continue as its technical analysis is bullish. Notably, there are now 15 technical indicators in the buy zone. Not only that, Toncoin is now trading above its 50and 100-day EMAs. Market analysts note all these factors when making their Toncoin price predictions. Thus, they predict a rise to $3.34 within Q2 of 2024.

KangaMoon (KANG): A Future Member of the Top 10 Altcoins

During the market shifts of Solana and Toncoin, KangaMoon (KANG) emerged as a contender with great potential. This altcoin is gaining popularity, boasting over 20K community members and 5.8K KANG holders. Traders have been captivated by the projects attention to the Play-to-Earn (P2E) industry, which is estimated to be worth $885M by 2028.

KANG is unique in its use as an in-game currency for KangaMoons upcoming P2E game. This adds value because players can buy items in-game or even upgrade their characters. Additionally, KangaMoon will give KANG holders exclusive access to weekly, monthly, and quarterly challenges for extra tokens and in-game items.

Moreover, its focus on giving back sets KangaMoon apart from others. So far, free KANG tokens have been distributed among the most active community members before launching officially. Consequently, this move has made countless individuals engage with KangaMoons social media posts by liking, sharing and retweeting them.

KANG costs just $0.0196 as it is in Stage 5 of its presalea 290% jump from its starting price. However, analysts still strongly believe in Kangamoons future growth potential. They foresee a rise to $1 once a Tier-1 CEX lists this altcoin in Q2 of 2024. With this prediction coming true, KANG may emerge as one of the best altcoins to buy.

Can KangaMoon Outpace Solana and Toncoin?

With a market cap of $19.6M, KangaMoon may outpace Solana and Toncoin since it needs fewer new funds to raise its price. Thanks to this advantage, KangaMoon has the potential to become one of the top 10 altcoins that you can now buy for a low price. If interested, sign up for its presale using the links below and obtain a 20% bonus on each purchase.

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.

Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below:

1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions.

2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results.

3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon.

4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project.

By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks.

Contact Details

Kangamoon

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Kangamoon

COMTEX_451454435/2655/2024-04-26T08:10:28