Frax (FRAX) Price Hits $1.00

Frax (FRAX) traded up 0% against the US dollar during the 1 day period ending at 8:00 AM Eastern on February 10th. Frax has a total market cap of $647.15 million and $3.61 million worth of Frax was traded on exchanges in the last 24 hours. During the last seven days, Frax has traded 0% higher against the US dollar. One Frax token can currently be purchased for approximately $1.00 or 0.00001024 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• GMX (GMX) traded 2.1% higher against the dollar and now trades at $23.65 or 0.00024311 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.9% against the dollar and now trades at $97,210.56 or 0.99923850 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 9.4% against the dollar and now trades at $96,979.41 or 0.99686255 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Frax

Frax’s genesis date was December 20th, 2020. Frax’s total supply is 649,433,438 tokens. Frax’s official website is frax.finance. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax (FRAX) is a stablecoin with a fractional-algorithmic stability mechanism. The open-source Frax protocol offers scalability, decentralization, and on-chain transactions. It addresses issues in existing stablecoin protocols by combining collateralization and algorithmic design. Frax stablecoin (FRAX) is the liquidity pool token, redeemable for traditional currency, while Frax Shares (FXS) serves as the governance token. The protocol accepts various collateral types and promotes stability. Sam Kazemian, with support from Stephen Moore, founded Frax in 2019.”

Buying and Selling Frax

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

FRAX/USD price chart by TradingView