Frax Price Up 0.1% Over Last Week (FRAX)

Frax (FRAX) traded up 0.5% against the U.S. dollar during the one day period ending at 14:00 PM E.T. on January 25th. One Frax token can now be bought for $1.00 or 0.00004404 BTC on popular cryptocurrency exchanges. Over the last seven days, Frax has traded 0.1% higher against the U.S. dollar. Frax has a market capitalization of $1.02 billion and $17.27 million worth of Frax was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded 5.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 4.1% against the dollar and now trades at $0.0589 or 0.00000260 BTC.
  • CareCoin (CARES) traded 4.1% lower against the dollar and now trades at $0.0732 or 0.00000323 BTC.
  • OmniaVerse (OMNIA) traded 3.7% higher against the dollar and now trades at $0.0021 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded down 4.2% against the dollar and now trades at $90.58 or 0.00400271 BTC.
  • Lunar (LNR) traded down 4.7% against the dollar and now trades at $0.0277 or 0.00000122 BTC.
  • Hokkaidu Inu (HOKK) traded 15.2% higher against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 4.1% lower against the dollar and now trades at $6,358.37 or 0.28097867 BTC.
  • 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $135.06 or 0.00596835 BTC.
  • Lego Coin (LEGO) traded 1% lower against the dollar and now trades at $0.0405 or 0.00000178 BTC.

About Frax

Frax’s launch date was December 16th, 2020. Frax’s total supply is 1,018,393,133 tokens. Frax’s official website 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 Token Trading

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

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