Frax Market Capitalization Hits $1.35 Billion (FRAX)

Frax (FRAX) traded 0.4% higher against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on September 22nd. Frax has a total market cap of $1.35 billion and $14.37 million worth of Frax was traded on exchanges in the last 24 hours. One Frax coin can now be purchased for $1.00 or 0.00005176 BTC on major exchanges. In the last week, Frax has traded 0.6% higher against the U.S. dollar.

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

  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0500 or 0.00000260 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0622 or 0.00000323 BTC.
  • OmniaVerse (OMNIA) traded 5.2% higher against the dollar and now trades at $0.0045 or 0.00000023 BTC.
  • Euro Coin (EUROC) traded 0% lower against the dollar and now trades at $0.83 or 0.00004307 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.11 or 0.00010948 BTC.
  • AXIA Coin (AXC) traded 0% higher against the dollar and now trades at $13.43 or 0.00069573 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10636024 BTC.
  • Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0051 or 0.00000026 BTC.
  • Tarality (TARAL) traded down 11.3% against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.

About Frax

Frax launched on December 16th, 2020. Frax’s total supply is 1,355,965,653 coins. Frax’s official website 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 presently possible to purchase alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to trade Frax should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax using one of the aforementioned exchanges.

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