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Frax

FRAX

Rank #140

$0.9822

-0.061%
24H Low$0.9951
$124H High
24H Volume
$39.65 M
All-Time High(ATH)
$1.14
All-Time Low(ATL)
$0.8745
Market Cap
$896.4 M
Fully Diluted Valuation
$798.18 M
Market Cap/FDV
112.31%
Circulating Supply
912.64 M FRAX
Total Supply
649.43 M FRAX
Max Supply
812.64 M FRAX
Market Sentiment
Positive
* Data from 3rd parties

Frax (FRAX) Price Trends

Time period
Change amount
% Change
1H
$--
+0.029%
24H
$--
-0.061%
7D
$--
+0.064%
30D
$--
-0.11%
1Y
$--
-0.0090%

Credibility Indicators

84.70

Reliability Score

Rank #1

# 330

Percentile

TOP 5%

Team Members

Sam Kazemian

Sam Kazemian

Founder

Stephen Moore

Stephen Moore

Co-Founder

Jason Huan

Jason Huan

Co-Founder

Travis Moore

Travis Moore

CTO,Co-Founder

Investors

Ascensive Assets

Ascensive Assets

Crypto.com Capital

Crypto.com Capital

Arbitrum Foundation

Arbitrum Foundation

A195 Capital

A195 Capital

Fairum Ventures

Fairum Ventures

DeltaHub Capital

DeltaHub Capital

Live Frax (FRAX) Price Update

Frax price today is $0.9822 with a 24-hour trading volume of $39.65 M, and as such Frax has a market cap of $896.4 M, giving it a market dominance of 0.016%. The Frax price moved -0.06100% 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 140.

About Frax (FRAX)

FraX Finance (FraX for short), formerly known as decentral bank, is a fractional algorithm stable currency protocol. FraX is an open source, unauthorized, and fully chained protocol. It is currently running on Ethereum (cross chained operation may be realized in the future). The ultimate goal of FraX protocol is to provide a highly scalable and decentralized algorithm currency to replace fixed supply digital assets such as BTC. The name of the stable currency FraX comes from the stability mechanism of "currency - algorithm". The proportion of mortgage and algorithm depends on the market pricing of FraX stable currency. When the transaction price of FraX is above US $1, the agreement will reduce the mortgage ratio. When the trading price of FraX is below $1, the agreement will increase the proportion of collateral.

FAQs

1. What determines the price movement of Frax?

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.

Frax Tokenomics

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Allocations

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Locked
No record

Vesting Schedule

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FRAX 0

Frax Analysis

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