The trading volume of Staked Frax Ether (SFRXETH) is $393.28 in the last 24 hours, representing a 2,150.20% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Staked Frax Ether (SFRXETH) is $7,545.09 , which was recorded on Feb 16, 2023 (about 1 month). Comparatively, the current price is -75.30% lower than the all-time high price. The lowest price paid for Staked Frax Ether (SFRXETH) is $1,147.58 , which was recorded on Dec 23, 2022 (3 months). Comparatively, the current price is 62.10% higher than the all-time low price. Market capitalization of Staked Frax Ether (SFRXETH) is $131,475,076 and is ranked #241 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SFRXETH tokens (71 Thousand tokens are tradable on the market today). The fully diluted valuation (FDV) of Staked Frax Ether (SFRXETH) is $131,475,076 . This is a statistical representation of the maximum market cap, assuming total number of 71 Thousand ETH tokens are in circulation today. There are no votes on Staked Frax Ether (SFRXETH) today. Be the first to vote and share this with your community.
Liquid staking lets users unlock the liquidity of their staked ETH through Liquid Staking Derivatives, which can be used in DeFi activities.
1. What determines the price of Staked Frax Ether?
There are two schools of thought in determining the price of Staked Frax Ether.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Staked Frax Ether, 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 Staked Frax Ether 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 Staked Frax Ether 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 Staked Frax Ether as well.
HODLers 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 Staked Frax Ether and the cryptocurrency market as a whole.
2. What is the highest price of Staked Frax Ether in history?
Staked Frax Ether achieved the all-time high of ₺144027.47 in 2023-02-16, and is currently trading at ₺34333.10.
3. What is the lowest price of Staked Frax Ether in history?
In 2022-12-23, Staked Frax Ether reached the all-time low of ₺21906.04.
4. Should I buy Staked Frax Ether now?
It is important to remember that Staked Frax Ether, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.