Frax Trading 0.1% Higher Over Last 7 Days (FRAX)

Frax (FRAX) traded up 0% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on January 17th. In the last week, Frax has traded 0.1% higher against the US dollar. Frax has a market capitalization of $647.24 million and approximately $29.15 million worth of Frax was traded on exchanges in the last 24 hours. One Frax token can now be bought for about $1.00 or 0.00000972 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 3.5% higher against the dollar and now trades at $102,330.75 or 0.99782150 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.4% against the dollar and now trades at $101,347.84 or 0.98823724 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax

Frax launched on December 20th, 2020. Frax’s total supply is 649,433,438 tokens. Frax’s official website is frax.finance. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax (FRAX) is a stablecoin with a fractional-algorithmic stability mechanism. The open-source Frax protocol offers scalability, decentralization, and on-chain transactions. It addresses issues in existing stablecoin protocols by combining collateralization and algorithmic design. Frax stablecoin (FRAX) is the liquidity pool token, redeemable for traditional currency, while Frax Shares (FXS) serves as the governance token. The protocol accepts various collateral types and promotes stability. Sam Kazemian, with support from Stephen Moore, founded Frax in 2019.”

Buying and Selling Frax

It is usually not currently possible to purchase alternative cryptocurrencies such as Frax directly using US dollars. Investors seeking to trade Frax should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Frax using one of the aforementioned exchanges.

FRAX/USD price chart by TradingView