As the speed of the system increases, it becomes easier and safer to include volatile cryptocurrencies such as ETH and wrapped BTC in future managed pools. The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum .
During the fractional-algorithmic phase, FXS is burned as FRAX is minted. Frax is an agnostic protocol, making no assumptions and setting no expectations for the collateral ratio the market will settle on in the long term. Frax Finance tokens FRAX and FXS are available on Ethereum mainnet, Binance Smart Chain , MATIC, Avalanche, and Fantom blockchain networks. The live Frax Share price today is $5.46 USD with a 24-hour trading volume of $23,481,568 USD. The current CoinMarketCap ranking is #185, with a live market cap of $88,559,248 USD.
Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Frax Share chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering. The market price of the FRAX stablecoin determines the ratio of collateral and algorithmic processing. If FRAX trades at a price above $1, the protocol reduces the collateral ratio.
Frax Share produces its own wallet software that is available for download on its website, which allows you to store Frax Share on your computer. Sign-up to receive the latest news and price data for Frax Share and its competitors with MarketBeat’s CryptoBeat newsletter. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
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With the vision to create highly scalable, decentralized money in place of fixed-supply digital assets like BTC. Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.
The FRAX stablecoin is being included in a new stablecoin liquidity pool, and it’s driving up the value of Frax Share. To check Frax Share’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Sign up for an account in minutes to buy crypto using credit card or bank transfer.
Frax Share Price Prediction for 2030
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- Many people find that small regular purchases are a great way to save funds for retirement or a major purchase with money they would otherwise spend thoughtlessly.
- The fully diluted market value is referring to a cryptocurrency’s market cap when/if its total supply is issued.
- The percent change in trading volume for this asset compared to 7 days ago.
- There are countless ways to analyze crypto performance and make a buying decision.
- You can also trade for other crypto or stake it on Binance Earn for passive income.
The summary for FXS/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots. The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones. Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.
Frax Share USD
Frax Shares is a governance token for which commissions, seigniorage income and excess collateral value are accrued. The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply . CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.
View our full suite of financial calendars and market data tables, all for free. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The market capitalization of Frax Share is equal to the value of Frax Share multiplied by the number of FXS in circulation. Like all cryptocurrencies, it was created with a fixed supply.
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The Frax Share price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction.
The percent change in trading volume for this asset compared to 1 hour ago. During the past 24 hours alone, the cryptocurrency is up by more than 16%, trading at just shy of $7 at the time of this writing. MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
SwapSpace project aims to provide a full spectrum of information for the exchange options. Please, visit the Binance FAQ to check which ones are available in your region. Buy What is Frax Share directly from other users with Binance’s peer-to-peer service. For better coin compatibility, you consider buying a stablecoin like USDT or BUSD first, and then use that coin to buy Frax Share .
The Frax protocol is a project of American software developer Sam Kazemian, who first came up with the idea of a stablecoin with a fractional algorithm in 2019. The Frax development team includes Travis Moore and Jason Huang. You are about to leave CryptoSlate in order to visit a cryptocurrency or ICO website.