Frax Price Tops $1.00 (FRAX)

Frax (CURRENCY:FRAX) traded 0.5% higher against the dollar during the 24 hour period ending at 15:00 PM E.T. on September 15th. One Frax coin can now be purchased for $1.00 or 0.00002089 BTC on cryptocurrency exchanges. Frax has a market capitalization of $324.16 million and $6.22 million worth of Frax was traded on exchanges in the last 24 hours. Over the last seven days, Frax has traded 0.2% lower against the dollar.

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

  • Tether (USDT) traded 0% lower against the dollar and now trades at $1.00 or 0.00002084 BTC.
  • XRP (XRP) traded 4.8% higher against the dollar and now trades at $1.12 or 0.00002337 BTC.
  • Polkadot (DOT) traded 0.3% lower against the dollar and now trades at $36.48 or 0.00075995 BTC.
  • Internet Computer (ICP) traded 9.3% higher against the dollar and now trades at $60.93 or 0.00126921 BTC.
  • Filecoin (FIL) traded 7.8% higher against the dollar and now trades at $85.26 or 0.00177614 BTC.
  • eCash (XEC) traded 2.3% higher against the dollar and now trades at $0.0002 or 0.00000001 BTC.
  • stETH (Lido) (STETH) traded up 4.2% against the dollar and now trades at $3,480.27 or 0.07250223 BTC.
  • Bitcoin BEP2 (BTCB) traded up 3.2% against the dollar and now trades at $47,984.21 or 0.99962290 BTC.
  • Kusama (KSM) traded up 2.1% against the dollar and now trades at $421.27 or 0.00877602 BTC.
  • Klaytn (KLAY) traded 1.1% higher against the dollar and now trades at $1.36 or 0.00002832 BTC.

Frax Coin Profile

Frax was first traded on December 16th, 2020. Frax’s total supply is 323,292,101 coins. The official website for Frax 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 Coin Trading

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

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