Table of Contents:
- Coin prognosis
- What is Frax coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy FRAX
Possible bearishness on Frax Downside
Over the past few weeks, Frax's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying FRAX at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
| FRAX Price | $0.9808 USD |
| Price Change24h | $-0.0057 USD (-0.58%) |
| 24h Low / 24h High | $0.9318 / $1.0286 USD |
| Trading Volume24h | $24,054 USD |
| MarketCap | $108,947,840 USD |
What is Frax? Fundamental Analysis
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.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Sep 26, 2021 | $1.0286 | Neutral |
| October, 2021 | $ 0.9808 USD | Downside |
| November, 2021 | $ 0.9808 USD | Downside |
| December, 2021 | $ 0.9808 USD | Downside |
| March, 2022 | $ 0.9808 USD | Downside |
| September, 2022 | $ 0.9808 USD | Downside |
FRAX Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Frax rise today? | Our data indicates Frax will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Frax (FRAX) in future? | Our analysis shows Frax is already past it's immediate all time high, indicating a bearish signal! |
| Will Frax (FRAX) price increase in future? | No. Our algorithms indicate that Frax (FRAX) will experience a significant decline in future. As low as $0.9808/FRAX |
| Will an Investment in Frax (FRAX) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Frax (FRAX) in future? | $0.9808 USD |
| Will the price of Frax (FRAX) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Frax? | Our analysis shows an end of year prognosis of 1FRAX = $0.9808 USD. |
| Where do I buy Frax? | We have curated some great options. Buy FRAX coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like FRAX has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
| February 12, 2020 | $0 | $0 |
Where and How to Buy Frax (FRAX) Coin
There are 3 steps to purchasing Frax. They are:
- Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal.
- Move the Bitcoin to an Exchange that supports FRAX: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the FRAX/BTC trading pairs.
- Buy Frax on the Exchange: Now, you can buy Frax with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different FRAX pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.