Frax Trading 0.1% Lower This Week (FRAX)

Frax (CURRENCY:FRAX) traded 0.1% higher against the dollar during the one day period ending at 23:00 PM Eastern on January 14th. Frax has a market cap of $2.14 billion and approximately $38.58 million worth of Frax was traded on exchanges in the last 24 hours. One Frax coin can currently be purchased for about $1.00 or 0.00002334 BTC on major cryptocurrency exchanges. In the last week, Frax has traded 0.1% lower against the dollar.

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

  • Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00002329 BTC.
  • XRP (XRP) traded 0.1% higher against the dollar and now trades at $0.77 or 0.00001800 BTC.
  • Polkadot (DOT) traded 0% higher against the dollar and now trades at $27.43 or 0.00063867 BTC.
  • Shiba Inu (SHIB) traded 2.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Internet Computer (ICP) traded down 2.8% against the dollar and now trades at $32.05 or 0.00074620 BTC.
  • Lido stETH (STETH) traded 1.1% higher against the dollar and now trades at $3,303.59 or 0.07692044 BTC.
  • stETH (Lido) (STETH) traded flat against the dollar and now trades at $3,479.19 or 0.06807369 BTC.
  • Bitcoin BEP2 (BTCB) traded 0.7% higher against the dollar and now trades at $42,924.95 or 0.99945913 BTC.
  • Toncoin (TONCOIN) traded down 1.7% against the dollar and now trades at $3.69 or 0.00008582 BTC.
  • Filecoin (FIL) traded 2.7% higher against the dollar and now trades at $29.68 or 0.00069109 BTC.

Frax Coin Profile

Frax’s genesis date was December 16th, 2020. Frax’s total supply is 2,135,998,324 coins. The official website for Frax is frax.finance/#welcome. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance. “

Frax Coin Trading

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

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