Frax Share Price Today
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FXS to USD
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| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| -0.76% | 4.18% | 1.96% | -12.82% | 2.61% | -41.37% |
Compare Frax Share with other crypto
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| -0.76% | 4.18% | 1.96% | -12.82% | 2.61% | -41.37% |
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FXS to USD
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Frax Share Risk Analysis
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Has the price increased over the past year?
Price has decreased by -49.47% in the last 1 year.
Is it trading above the 200-day simple moving average(SMA)?
Frax Share is currently trading -107.58% below the 200-Day SMA which is $6.08.
Is Frax Share currently overbought zone by (RSI)?
The 14-Day Relative Strength Index (RSI) is at 60.38 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
Have the last 30 trading days been positive?
The number of green days in the last 30 days is 11 which is 37%.
Is the total supply of Frax Share higher than the circulating supply?
The circulating supply has yet to be published.
The liquidity based on market capitalization to volume ratio should be sufficient.
Has high liquidity with 0.07911 volume to market cap ratio. The current market cap is $163.45M while the 24-hour volume is $12.93M
Frax Share (FXS) Markets
Frax Share Quarterly Returns
| Year | Q1 | Q2 | Q3 | Q4 | Total |
|---|---|---|---|---|---|
| 2021 | -35.64% | -78.72% | 127.81% | 770.91% | 171.75% |
| 2022 | -42.62% | -78.53% | -14.54% | 0.88% | -89.38% |
| 2023 | 114.92% | -34.42% | -5.50% | 55.74% | 107.42% |
| 2024 | -11.43% | -60.01% | -28.86% | 61.55% | -59.29% |
| Average | 20.29% | -83.89% | 26.30% | 296.36% | 43.50% |
Introduction to Frax Share
The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019. It is the first stablecoin that uses a fractional algorithm. It is an open source and it doesn't need permission to run on the blockchain which is currently Ethereum. Though it could be used on other chains in the future. It wants to replace digital assets with a fixed number, like Bitcoin, with open computational money that can be used by anyone. Some ideas about protocol are:
- Frax is one of a kind because it is a stablecoin with an automated and collateralized supply. The collateralized/algorithmic ratio is based on the market price of the FRAX stablecoin. Protocol lowers the security ratio when FRAX trades for more than $1. If the value of FRAX drops below $1, the procedure raises security.
- Minimal government and decentralization are controlled by the community and run by computers instead of managers.
- Fully on-chain oracles Uniswap (ETH, USDT, and USDC time-weighted average prices) and Chainlink (USD price) are used by Frax v1.
- Two tokens: FRAX is a stablecoin that wants to be worth $1 each. Frax Shares (FXS), a governance token, makes fees, seigniorage, and extra security.
- Frax is the first decentralized stablecoin with a fractional algorithm and the most unique.
What Makes Frax Unique?
The Frax Protocol is a stablecoin with a unique design that is run by the community. Over 60% of the FXS that is available is given to liquidity providers and yield farmers over a number of years. It is a completely open system that is run on the blockchain. At the time of its start in November 2020, it will also be the first and only stablecoin to use a mixed fractional-algorithmic design.
How Much is a One Frax Share Worth Now?
The current price of the Frax Share(FXS) is $1.83, with a current market cap $163,452,503.18.
What is the Frax Share Stock Symbol or Ticker?
FXS is a ticker symbol of the Frax Share.
How Many FXS Coins Are There in Circulation?
At the movement,89.51M Frax Share tokens are already in the market out of 99.68M FXS.
How Can I Invest in Frax Share?
There are many options for buying crypto, and Frax Share can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Frax Share. It's a quick, easy, and secure way to buy Frax Share(FXS).
Is Frax Share a Stablecoin?
No, It is not a stablecoin.
What Was the Lowest Price for Frax Share?
Frax Share had an all-time low of $1.25.
What Was the Highest Price for Frax Share?
Frax Share had an all-time high of $42.67.
Frax Share Price Prediction
The current Frax Share price is $1.83. In the last 24 hours, Frax Share price has gone up by 4.18%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Frax Share price prediction.
Portfolio Tracker
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Frax Share at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
Coin Converter
By exchanging FXS against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Frax Share can be earned or received in various ways. FXS considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the FXS.
Would you like to know how many cryptocurrencies 1 FXS is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs.
FXS Price Current Data
Frax Share price today is $1.83 USD, which is Up by 4.18% over the last 24 hours. There has been an hourly Dip by -0.76%. Frax Share's market cap currently sits at $163,452,503.18 USD, holding up for a market cap rank at #229. The volume were at $12,931,125.80 USD Frax Share ranks no 229 in the market capitalization of Frax Share is at $163,452,503.18 and its volume for 24 hours is $12,931,125.80. Frax Share are under circulation, with total supply of 99.68M and the Maximum supply of 0.
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FXS Price Statistics
Frax Share Price Live
| FXS Price | $1.83 |
| Percentage Change ( 24h ) | ▲4.18% $0.13 |
| 24h High / Low | $1.87 / $1.74 |
| Trading Volume 24h | $12,931,125.80 |
| Volume / Market Cap | 0.07911 |
| Market Dominance | 0.01% |
| Market Rank | 229 |
| Market Cap | $163,452,503.18 |
| Fully Diluted Market Cap | $182,032,233.89 |
| All Time High | $42.67 ▼95.71% |
| All Time Low | $1.25 ▲46.28% |
| Circulating Supply | 89,507,169 FXS |
| Total Supply | 99,681,496 FXS |
| Max Supply | - |