$0.9818
Time period | Change amount | % Change |
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1H | $-- | +0.12% |
24H | $-- | +0.089% |
7D | $-- | +0.0069% |
30D | $-- | +0.097% |
1Y | $-- | -0.054% |
84.70
Reliability Score
Rank #1
# 330
Percentile
TOP 5%
Founder
Co-Founder
Co-Founder
CTO,Co-Founder
Frax price today is $0.9818 with a 24-hour trading volume of $34.82 M, and as such Frax has a market cap of $896.03 M, giving it a market dominance of 0.016%. The Frax price moved 0.08900% in the last 24 hours.
Frax reached its highest price on 2021-02-07 when it was trading at its all-time high of $1.14, while its lowest price was recorded on 2023-03-11 when it was trading at its all-time low of $0.8745. The current lowest price since the last cycle high was $0.8745, and the highest price since the last cycle low was $1.14. The social sentiment of Frax is currently Positive.
The current circulating supply of Frax is $912.64 M FRAX. In terms of market cap, Frax is currently ranked 138.
There are two schools of thought in determining the price of Frax.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Frax, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Frax from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Frax on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Frax as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Frax and the cryptocurrency market as a whole.
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The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.
Frax's singularity roadmap has set a target of $100 billion in TVL for its layer 2 Fraxtal.
"We are going to follow Uniswap's lead in proposing it. It will be up to the community to pass it," Frax's CEO Sam Kazemian told CoinDesk.
Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.
Frax founder Sam Kazemian says his team has been "left in the dark" by the domain registrar as to what happened.
Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-04-24 | $897.13 M | 649.34 FRAX | $0.9830 | N/A |
2024-04-23 | $877.6 M | 668 FRAX | $0.9616 | $0.9830 |
2024-04-22 | $904.7 M | 627.09 FRAX | $0.9913 | $0.9616 |
2024-04-21 | $906.53 M | 559.83 FRAX | $0.9933 | $0.9913 |
2024-04-20 | $910.09 M | 504.61 FRAX | $0.9972 | $0.9933 |
2024-04-19 | $909.63 M | 656.94 FRAX | $0.9967 | $0.9972 |
2024-04-18 | $902.6 M | 585.15 FRAX | $0.9890 | $0.9967 |
2024-04-17 | $896.12 M | 728.6 FRAX | $0.9819 | $0.9890 |